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via Decrypt · By Decrypt Editorial

Stripe Millionaire Loses Bid for Congress to Candidate Backed by Ripple Co-Founder

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Decrypt Editorial

(04:53 PM UTC)

1 min read

Reviewed byJames Mitchell

708 views

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In brief

Stripe founding engineer and progressive Saikat Chakrabarti was eliminated from the contest to succeed Rep. Nancy Pelosi.
The pro-CBDC candidate railed against "tech oligarchs and crypto billionaires" while allocating $10 million to his own bid.
Ripple co-founder Chris Larsen backed one of Chakrabarti's opponents, while fueling a PAC that spent against him.

Saikat Chakrabarti, a…

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