Altcoin News Official TheBitTimes.com

Ripple co-founder and executive chairman Chris Larsen has donated $10 million in XRP to a Political Action Committee (PAC) that supports Democratic presidential candidate Kamala Harris. “It’s time for the Democrats to have a new approach to tech innovation, including crypto,” Larsen said in an Oct. 21 post on X . Harris “will ensure that American technology dominates the world,” he added. Larsen has become the crypto industry’s biggest supporter of Harris, who is seen as less pro-crypto than Trump. Records from the Federal Election Commission show that the Ripple executive had previously donated $1.75 million to the PAC. He has also donated hundreds of thousands of dollars to Democratic congressional campaigns. Brad Garlinghouse Supports Chris Larsen’s Decision To Back Harris Ripple CEO Brad Garlinghouse commented under Larsen’s X post, saying that he respects his colleague’s decision to support the candidate that he thinks ...

Falling in line with President Joe Biden’s tax plan, which would increase the capital gains tax to 44.6% and the unrealized gains tax to 25%, Vice President Kamala Harris vowed to support the plan if elected. If adopted, the tax plan would bring $5 trillion in revenue over the next decade, allowing the U.S. government to address the growing deficit and potentially start reducing the ever-increasing debt, which recently surpassed the $35 trillion mark. Who will be affected by Harris’s unrealized gains tax? It’s worth noting that Biden’s proposed 25% tax on unrealized gains would solely affect individual taxpayers with over $100 million in net assets. Picks for you Top 3 AI cryptocurrencies to buy ahead of Nvidia earnings 44 mins ago Kei...