Sat 12 October 2024 ▪
3
min reading ▪ acc
The presidential election next November in the United States is taking an unexpected turn, and cryptocurrencies are putting their fingerprints on it. Both candidates, Donald Trump and Kamala Harris, openly court the crypto community. And for good reason: digital assets are becoming a major issue, both economically and politically. At Harris, the support is getting clearer, especially with the donation of one million in XRP from Ripple co-founder Chris Larsen.
Ripple: support shown for Harris
In early September, Kamala Harris claimed to be accepting Bitcoin donations through Coinbase. Interestingly, on August 14, 2024, Chris Larsen, co-founder and executive chairman of Ripple, spoke a donation of 1,754,815.29 XRP or one million dollars at the timeto Future Forward, a political action committee supporting Kamala Harris’s campaign. This gesture indicates first cryptocurrency post to the Democratic candidate’s campaign, according to Federal Election Commission (FEC) records.
This is clear to Larsen and his acolytes Harris represents hope for American industryas evidenced by a letter signed by 87 business leaders, which states:
“ With Kamala Harris in the White House, the business world can expect a president eager to help American industry thrive. »
- The XRP donation represents $1 million at the time of posting;
- Future Forward has raised more than $200 million in contributions to date;
- The Harris campaign had to clarify that it does not accept cryptocurrencies directly.
Crypto in search of political developments
THE Harris campaign’s effort to woo the crypto industry it didn’t stop there. Crypto advocacy groups and industry executives met in September $100,000 to influence a candidate’s position about digital assets.
At the time, Harris broke her silence on cryptocurrencies and confirmed her intention to support technological innovation in the United States, including digital assets. However, this declaration did not bring about a radical change in the current policy an existing administration that was already skeptical of cryptocurrencies.
While at Ripple the CEO-impersonating elites who formalized their support in September swear by Kamal Harris, at Gemini we favor Trump. Each camp’s choice seems well anchored in the race for the White House.
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The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.