Ripple co-founder Chris Larsen pours at least $22.5 million into US federal politics
Ripple co-founder and chairman Chris Larsen has contributed at least $22.5 million to federal candidates and super PACs this election cycle, backing causes like crypto, AI, and clean energy while signaling plans to increase his spending.
Ripple co-founder and chairman Chris Larsen has poured at least $22.5 million into U.S. federal politics this election cycle, according to a report from Bloomberg. The contributions have targeted federal candidates and super PACs promoting causes including cryptocurrency, artificial intelligence, and clean energy.[1][2][3]
Larsen recently donated $4 million to Democratic Senate candidate Sherrod Brown, Bloomberg reported. The donation followed Larsen's criticism of crypto industry super PAC Fairshake, which planned to spend $30 million opposing Brown despite Ripple donating $25 million to the super PAC this year.[1]
Larsen indicated he intends to expand his political footprint further. If you are going to be effective when it comes to politics and policy, you have got to be showing up cycle after cycle after cycle, Larsen told Bloomberg.[1][2]
Key facts
- Chris Larsen has contributed at least $22.5 million to U.S. federal candidates and super PACs during this election cycle.
- Larsen's political donations have supported causes including crypto, artificial intelligence, and clean energy.
- Larsen donated $4 million to Democratic Senate candidate Sherrod Brown.
- Larsen criticized crypto super PAC Fairshake for planning to allocate $30 million to oppose Brown, even though Ripple contributed $25 million to Fairshake this year.
- Larsen told Bloomberg that he intends to expand his political spending, saying donors must show up cycle after cycle to remain effective.
Sources · 3 sources
- TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Ripple co-founder Chris Larsen has spent at least $22.5 million backing federal candidates and super PACs this election cycle as he expands his political influence, Bloomberg reports. Larsen recently donated $4 million to Democratic Senate candidate Sherrod Brown after criticizing crypto industry super PAC Fairshake’s plan to spend $30 million opposing him, despite Ripple contributing $25 million to Fairshake this year. "If you're going to be effective when it comes to politics and policy, you've got to be showing up cycle after cycle after cycle," Larsen told the outlet.
Open source - BL
Bloomberg@businessPost on X ·
Ripple billionaire Chris Larsen has poured at least $22.5 million into federal politics this election cycle. And he says he plans to go even bigger. https://t.co/DI5qLK3aj1
Open source - CO
CoinGape@CoinGapeMediaPost on X ·
🚨 #Ripple Chairman Donates $22.5M Chris #Larsen donated at least $22.5 million to U.S. federal candidates and super #PACs this election cycle, supporting causes including crypto, #AI and clean energy. 🔗 Know more in comments https://t.co/DzWL9pLjIT
Open source