A crypto billionaire is spending millions of dollars to reshape California politics and is ready to use his considerable clout and bank account to get embattled Democratic San Francisco Mayor London Breed reelected.
Chris Larsen — a self-made businessman and angel investor best known for co-founding Silicon Valley startup Ripple Labs, which facilitates international payments for banks using blockchain technology, and online mortgage lender E-Loan — has become a huge player in city politics.
E-Loans chief executive Chris Larsen smiles outside of company headquarters in Dublin, California, on Friday, Aug. 22, 2003. (AP Photo/Paul Sakuma)
The San Francisco native has been wielding the power of his checkbook to support initiatives he endorses, including two of Breed’s ballot measures that give law enforcement easy access to surveillance
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