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Highlights
- Ripple co-founder Chris Larsen has donated $10 million to Kamala Harris
- Crypto donations to Donald Trump has also surpassed $7.5 million
- Despite massive support, Polymarket odds not in favor of VP Harris
With the election between Kamala Harris and Donald Trump weeks away, more evidence of donations from top crypto leaders like Chris Larsen is coming to light. Long before now, many have highlighted how this election is pivotal to the broader crypto industry. Aligning with this projection, new proof has emerged that the Ripple Labs co-founder has more of a stake in the Kamala Harris campaign.
Kamala Harris Odds Not Growing With Top Donation
Voting has commenced in some states in the country. As a top candidate in this election cycle, VP Harris is backed by some big crypto leaders. Earlier, a report came out that Chris Larsen donated $1 million to the Harris campaign. This did not come as a shock, as leaders of the blockchain payments firm had earlier unveiled their support for the Vice President.
In a new update, Fox Business Journalist, Eleanor Terrett has revealed Larsen’s donation is more than the $1 million. According to her, In the month of September, the Ripple co-founder gave three separate donations totaling nearly $10 million to Future Forward. This is the Super PAC supporting Kamala Harris.
It is worth noting that Chris Larsen has confirmed this donation, highlighting his trust in the future of crypto under Kamala Harris.
It’s time for the Democrats to have a new approach to tech innovation, including crypto. I believe @KamalaHarris will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her. https://t.co/vb9KJA87JK
— Chris Larsen (@chrislarsensf) October 21, 2024
Terrett also outlined that the donations were made in cash. They also comes in addition to the $1 million $XRP he donated to the PAC in August. It is worth noting that these donations are bi-directional with Donald Trump also benefitting. As reported earlier by Coingape, the Trump campaign has raised over $7.5 million in Bitcoin, Ethereum, and XRP.
The core concerns of crypto backers is to get a more regulatory friendly candidate to the Oval Office. While people like Chris Larsen believes VP Harris is the best for the job, innovators like Cardano Founder Charles Hoskinson believes Donald Trump is the right candidate.
The Unchanging Polymarket Odds
Despite the growing crypto support for Kamala Harris, her odds on Polymarket have not improved significantly recently. Bettors on Polymarket sees Trump as the next President of the United States. As of writing, the odds for Trump to win comes in at 62.5% while that of VP Harris is 37.5%.
The Polymarket insight is not the perfect judge of a potential winner as real life trends might differ. However, most crypto traders sees Trump as more suitable with his plans to fire Gary Gensler as SEC Chairman.
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