Ripple co-founder Chris Larsen is financially backing Vice President Kamala Harris ahead of the imminent 2024 US presidential election.

The Ripple executive chairman says he will donate $10 million in XRP tokens to the Democratic nominee.

“It’s time for the Democrats to have a new approach to tech innovation, including crypto. I believe Kamala Harris will ensure that American technology dominates the world…”

In reaction to Larsen’s announcement, Ripple CEO Brad Garlinghouse says the payment firm will take a bipartisan approach in pushing for a crypto-friendly environment in the US.

“I respect Chris’ (and everyone’s!) right to support whomever they think is best to lead the U.S.

We need to immediately change course from this administration’s misguided war on crypto.

Ripple will continue to engage with both Democrats and Republicans in the final days of the campaigns (and after the election) to promote pro-crypto policies. It’s not about party lines; it’s about championing policies that drive blockchain and crypto innovation.”

Larsen initially announced his support for the Democratic presidential candidate last month in a joint letter with dozens of current and former US corporate executives.

Harris’ rival, Donald Trump, who has billed himself as “The Crypto Candidate,” received campaign donations amounting to $1 million in Bitcoin (BTC) from the co-founders of the Gemini exchange, Tyler and Cameron Winklevoss, in June.

Election day is scheduled for Tuesday, November 5th.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.