Published on oktober 12, 2024, 12:37 am
Image source: Fox News
```json [ { "TLDR": "Kamala Harris has a 45.9% chance of winning the presidential election. Chris Larsen of Ripple donated $1 million worth of XRP to a pro-Harris PAC, marking the first crypto donation for her campaign. Industry leaders are supporting Harris, hoping to influence her stance on crypto policies, but her recent statements haven't shown a significant shift from current administration policies." } ] ```
In the latest Polymarket election odds, Kamala Harris holds a 45.9% chance of winning the Oval Office in the upcoming presidential election slated for November 5th. Recent reports from the Federal Election Commission (FEC) have unveiled that Chris Larsen, Ripple’s co-founder and executive chairman, made a significant contribution to the Harris-Walz 2024 Presidential campaign. Larsen donated 1,754,815.29 XRP (XRP) valued at $1 million during the donation period on August 14, 2024, directed towards the pro-Harris Future Forward political action committee (PAC).
This notable contribution marks the first documented crypto donation to support Kamala Harris’s campaign. Interestingly, in September, Future Forward clarified to Cointelegraph that they were accepting crypto contributions for Harris after inaccurate claims circulated that her campaign was directly accepting crypto donations. As per FEC records, Future Forward has amassed over $200 million in contributions as of October 2024.
Furthermore, Chris Larsen’s XRP donation reflects a broader trend where industry leaders are rallying behind Vice President Harris. In a show of support, Larsen and 87 other corporate executives penned a letter endorsing Harris in September. The executives highlighted Vice President Harris’s commitment to fostering business investment within the United States.
Similarly, within the crypto industry, advocacy groups and executives united to raise $100,000 for the Harris campaign with hopes of influencing her stance on US digital asset policy. Their aim was to steer Harris away from the current administration’s unfavorable disposition towards cryptocurrencies.
Following persistent industry lobbying efforts, Kamala Harris finally addressed her stance on crypto policy at the end of September through statements from her campaign. However, these assertions did not signal a shift from existing administration policies. Intriguingly, segments of Harris’s response mirrored an earlier statement by the Biden administration in May 2024 before vetoing the bipartisan SAB-121 repeal later that month.
As stakeholders across various sectors closely monitor these developments surrounding Kamala Harris and cryptocurrency policies,
it remains uncertain how these engagements will impact future regulatory decisions concerning digital assets.
Original article posted by Fox News
