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Ripple's Chris Larsen donates over $22.5M to US midterm elections, backing Democrats and crypto-friendly causes.

Market News
29 Oct 2026, 14:59 WIB
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Ripple's Chris Larsen donates over $22.5M to US midterm elections, backing Democrats and crypto-friendly causes.

Chris Larsen, Ripple's executive chairman and a major Democratic donor, has contributed more than $22.5 million to federal candidates and super PACs in the 2026 US midterm elections. His donations support clean energy, crypto innovation, AI safety, and child protection, including significant funds to Democratic Senate nominee Abdul El-Sayed and other PACs. Ripple itself has donated nearly $49.6 million this cycle, making it a top corporate donor aiming to build bipartisan support for cryptocurrency. This political activity highlights the crypto industry's effort to influence US policy favorably amid regulatory challenges.

Chris Larsen's political donations underscore Ripple's active role in shaping crypto policy, a backdrop to XRP's current market behavior. On Pluang, XRP trades at Rp23.483 with a market cap of Rp1.483,16 trillion as of Oct 29, 2026 19:22 WIB. Despite Larsen's influence, XRP saw a 1.76% decline in one day, with a balanced Pluang order activity of 44% Sell and 56% Buy, reflecting cautious investor sentiment.

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