The 2024 US Presidential Election has taken a wild crypto twist!
On one side, Elon Musk has thrown his weight behind Donald Trump, pumping a jaw-dropping $75 million into pro-Trump Super PACs.
On the other hand, Chris Larsen, the co-founder of Ripple, has donated $10 million in XRP to Kamala Harris’ campaign, making it one of the largest cryptocurrency donations ever seen in US politics.
Musk’s $75M Trump Love Fest:
Elon Musk, once a darling of Silicon Valley’s progressive circles, has fully switched sides.
In Q3 of 2024, Musk donated $75 million to a pro-Trump Super PAC, making him one of Trump’s biggest donors this election season.
Rumors are swirling that Trump has even hinted at giving Musk a role in his administration if he wins, maybe the “Secretary of Cost-Cutting” (because of course, Musk loves trimming down costs).
Chris Larsen’s XRP Gambit for Kamala Harris:
Meanwhile, on the Democratic side, Chris Larsen is making waves by backing Kamala Harris with a whopping $10 million in XRP through the Future Forward PAC.
This donation marks the largest crypto contribution in Harris’s campaign and reflects the growing political influence of the crypto industry.
Ripple’s co-founder sees Harris as a pro-business candidate who can guide the crypto world into a new regulatory era.
Conclusion:
With Musk and Larsen backing opposite sides, this election is shaping up to be a crypto-fueled showdown.
Will Musk’s support of Trump help the former president make a comeback?
Or will Harris leverage Larsen’s crypto backing to pull ahead?
One thing’s for sure: crypto is no longer a bystander in the world of politics.
It’s all in the game now.
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