On October 12, COINOTAG reported a significant development in the political finance landscape involving cryptocurrency. FOX reporter Eleanor Terrett revealed on social media that Chris Larsen, co-founder of Ripple, has made history by contributing the first documented cryptocurrency donation to Kamala Harris. This innovative donation, amounting to $1 million in XRP, was directed to Future Forward USA, a prominent super PAC that is actively supporting Harris’s political endeavors.
This groundbreaking event marks a pivotal moment in the intersection of politics and cryptocurrency, showcasing how digital assets are beginning to play a role in campaign financing. The recent filings with the US Federal Election Commission (FEC) underline the regulatory recognition of cryptocurrency in political contributions, potentially paving the way for future innovations in fundraising strategies.