This crypto billionaire is spending tens of millions in the midterms to take on AI companies and the GOP
Source: Business Insider ·
Even though he says there is far too much money in politics, Larsen has spent tens of millions in the midterm elections.
From the source
Chris Larsen, chairman and co-founder of Ripple Labs Inc., in San Francisco, California, US, on Tuesday, April 14 2026.Bloomberg/Getty; BIChris Larsen is one of this cycle's biggest tech donors and an increasingly rare left-leaning giver.Larsen freely acknowledges the contradiction in using his immense wealth to influence politicsEven with donations of millions, Larsen's spending has been no match for those opposed to regulating AI.The crypto company Ripple made Chris Larsen a billionaire. Even though he says there is far too much money in politics, Larsen has spent tens of millions in this year's midterm elections to advocate for clean energy and AI regulation and to take on the GOP.Larsen has given at least $22.5 million to federal candidates and super PACs this election cycle. That figure makes him one of the cycle's biggest individual tech donors and an increasingly rare left-leaning giver in an era of freespending right-leaning tech titans like Elon Musk and Marc…