Ripple Chairman Donated $1M XRP To Kamala Harris Amid SEC Lawsuit

Ripple Chairman Chris Larsen has made a notable $1 million cryptocurrency donation in XRP to support U.S. Democratic presidential candidate Kamala Harris. This is the first time that Harris has received a donation in the form of cryptocurrency and underlines Ripple’s backing of the candidate, even as the firm faces ongoing litigation with the US Securities and Exchange Commission (SEC).

Ripple Chairman Chris Larsen Endorses Kamala Harris

According to the Federal Election Commission (FEC) disclosures, Larsen donated to Future Forward USA, a main super PAC supporting Kamala Harris for president in the 2024 election. Also, the Ripple co-founder has recently signed a letter backing up Kamala Harris as a candidate. 

According to the report of September, 88 business executives signed the letter including the big personalities like Box CEO Aaron Levie, Yelp CEO Jeremy Stoppelman, and former 21st Century Fox CEO James Murdoch.

This comes at a time when cryptocurrency firms are operating in the grey area regarding the legal framework that governs operations in the industry, and this makes Larsen’s action of supporting a particular candidate a big deal. Ripple’s backing of Vice President Harris differentiates it from other companies that have supported candidates with positive attitudes towards crypto laws.

Former Ripple Board Member Joins Harris Campaign

Ripple Chairman’s support extends beyond financial contributions. In the first week of August, Gene Sperling who previously served on the Ripple board also endorsed Kamala Harris. 

Before this, Sperling was associated with the Biden administration and then shifted towards the Harris’ campaign, strengthening the bond between the cryptocurrency company and the candidate.

Sperling joining Vice President Harris’ team brings in the experience in economic policy and could be a sign that the two may work on financial technology and digital asset regulation. Nonetheless, Ripple has not disclosed any further about its participation in the Harris’ campaign than Larsen’s contribution and endorsement.

Ongoing XRP-SEC Lawsuit 

The donation and endorsement come in the middle of a long legal battle between Ripple and the SEC where the latter accused Ripple of conducting an unregistered securities sale through XRP. While a court decision from last week stated that XRP is not a security, the case remains open, with Ripple responding to the cross-appeal, and SEC standing by the accusations.

Such concerns that Ripple and other cryptocurrency companies are grappling with have given rise to debates over the necessity of well-defined legal frameworks. This has made some stakeholders in the industry to support candidates who may have inclined towards supporting cryptocurrencies, however, Ripple Chairman has decided to support Harris which is a completely different strategy.

The cryptocurrency community appears divided on political affiliations, with some leaders supporting candidates perceived to be more favorable towards digital assets. For instance, Cardano founder Charles Hoskinson recently suggested that a Republican administration might be more favorable to the industry, citing Donald Trump’s involvement with crypto projects and the regulatory stance of current officials.

Meanwhile, prediction markets such as Polymarket show Donald Trump holding a slight edge over Vice President Harris regarding winning odds. As of recent trading, Trump is leading with a 54.2% chance of winning the 2024 election, indicating a shift in sentiment among crypto investors and market participants.

✓ Share:

• Recommended
• Price Analysis

• Metaplanet Stock Shoots 17% After $30M Investment from Bitcoin Treasury Firm
• SUI Developer, Law Firm Met US SEC Ahead of ETF Decision, Here’s Why
• Hong Kong’s QMMM Stock Soars 1,700% Following Crypto Treasury Plan
• Avalon Labs Burns A Massive 93.9 Million AVL Tokens As Part of ‘Buyback and Burn’ Plan
• SOL Strategies Begins Trading on Nasdaq With $94M in Solana Holdings

• Meme Coin Price Prediction: Shiba Inu, Pepe Coin, Dogecoin, TRUMP
• HYPE Price Eye $88 the Next as Lion Group’s Treasury Shifts to Hyperliquid
• XRP Price Prediction as Ripple Ecosystem Growth Meets Technical Strength—Is $10 Next?
• Cardano Price Prediction as Sept Fed 50bps Cut Odds Surge – Is $1.65 Next?
• Chainlink Price Prediction: Analyst Sees 48% Rally as Grayscale ETF Filing Ignites Hype

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.