Ripple Co-Founder Donates $1M in XRP to Harris Campaign

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Table of Content

In today edition we talk about

• Ryan Salame Claims Political Targeting Over GOP Donations

• Bitnomial Sues SEC Over XRP Futures Regulation

• Ripple Co-Founder Donates $1M in XRP to Harris Campaign

• Stripe’s USDC Payment Option Gains Rapid Global Adoption

Ryan Salame Claims Political Targeting Over GOP Donations

Ryan Salame, former FTX co-CEO, asserted on Tucker Carlson’s show that the U.S. government unfairly targeted him for his Republican donations. Salame, who donated $20–$30 million to GOP candidates, believes his charges of campaign finance violations are biased. He contrasted his situation with Sam Bankman-Fried, claiming that Bankman-Fried’s Democratic donations didn’t receive similar scrutiny. Salame, yet to face charges related to FTX’s collapse, seeks a two-month delay for medical reasons before surrendering.

Bitnomial Sues SEC Over XRP Futures Regulation

Crypto exchange Bitnomial has sued the SEC, claiming the agency overstepped its authority by labeling XRP as a security. Bitnomial argues that XRP is regulated as a commodity under the Commodity Futures Trading Commission (CFTC) and should not fall under SEC jurisdiction. The lawsuit seeks a ruling that XRP futures are not securities and an injunction to stop the SEC from enforcing jurisdiction over such products.

Ripple Co-Founder Donates $1M in XRP to Harris Campaign

Ripple co-founder Chris Larsen donated over 1.7 million XRP, valued at $1 million, to Kamala Harris’ 2024 presidential campaign. The contribution, made through the pro-Harris PAC Future Forward, marks the first documented crypto donation to her campaign. Larsen, along with 87 other corporate executives, pledged support for Harris, emphasizing her pro-business stance. The PAC has collected over $200 million in total contributions.

Stripe’s USDC Payment Option Gains Rapid Global Adoption

On October 9, Stripe launched its USDC stablecoin payment service, with users from 70 countries embracing the option on the first day. This marks a pivotal step for crypto adoption, as Stripe responds to increasing global demand for cost-effective payment solutions. The platform supports stablecoins on Ethereum, Solana, and Polygon blockchains. In collaboration with Coinbase, Stripe also added crypto on-ramp services to its product suite.

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