This crypto billionaire is spending tens of millions in the midterms to take on AI companies and the GOP
Even though he says there is far too much money in politics, Larsen has spent tens of millions in the midterm elections.
Chris Larsen, the chairman and co-founder of Ripple Labs Inc., is a crypto billionaire who has spent tens of millions in the midterms to challenge AI companies and the GOP. Despite acknowledging the excess of money in politics, Larsen has donated at least $22.5 million to federal candidates and super PACs this election cycle. This makes him one of the biggest individual tech donors in this cycle and a rare left-leaning giver among right-leaning tech titans.
Larsen, who has a net worth of $8.4 billion, has consistently advocated for clean energy and AI regulation. He has donated $6 million to Tomorrow Coalition PAC, a pro-renewable-energy super PAC. Despite his substantial contributions, Larsen's efforts to regulate AI have been insufficient against the opposition from AI companies and their allies.
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