Ripple co-founder Chris Larsen has donated at least $22.5 million during this U.S. election cycle.

On October 9, Bloomberg reported that Ripple co-founder and crypto billionaire Chris Larsen is increasing his involvement in U.S. politics. Disclosed data shows that during this midterm election cycle, Larsen has already donated at least $22.5 million directly to federal candidates and super political action committees (super PACs), with plans to further increase his contributions.

Larsen has now become one of the prominent donors to U.S. federal politics, focusing on issues such as artificial intelligence, clean energy, cryptocurrency, and the wealth tax. He was previously an active political contributor in the U.S. technology and cryptocurrency sectors.