Chris Larsen, billionaire co-founder of Ripple, has donated at least 22.5 million dollars, roughly 3.6 billion yen, to congressional candidates and super PACs in the US midterm elections so far, and intends to contribute more. Larsen contributed 4 million dollars, about 600 million yen, to Senator Sherrod Brown's campaign, in response to the super PAC Fairshake, which supports crypto-friendly candidates, saying it would spend 30 million dollars, about 4.7 billion yen, to defeat the Democratic senator. Larsen said that trying to defeat Brown, whose stance is not anti-crypto, is a major mistake. Ripple itself has contributed 48 million dollars, about 7.6 billion yen, to Fairshake in this election cycle, and 93 million dollars, 14.7 billion yen, in total across past elections, making it a major funder alongside Coinbase and Andreessen Horowitz. According to a spokesperson, CEO Brad Garlinghouse and Larsen are considering whether to continue funding Fairshake, with the final decision to be made by Garlinghouse.
Coinbase Global IncRipple and its co-founder are major funders of crypto-friendly election efforts, but the article reports no direct regulatory or price impact on Ripple USD.
