Crypto Billionaire Donates $500,000 to San Francisco Candidate Theo Ellington
Crypto billionaire Chris Larsen made a significant $500,000 donation to support District 10 candidate Theo Ellington in a San Francisco race.
San Francisco Oakland San Jose, CA, September 3, 2026 —
Chris Larsen, a prominent figure in the cryptocurrency industry, has contributed $500,000 to the campaign of Theo Ellington, a candidate for District 10 in San Francisco. The substantial donation marks a significant influx of funding for Ellington’s race.
Larsen, co-founder of Ripple, is recognized as a notable investor and entrepreneur within the digital currency sector. His involvement through financial contribution highlights a notable engagement in local San Francisco politics.
The specific details surrounding the timing and purpose of the donation beyond general campaign support were not immediately available. The recipient of the donation, Theo Ellington, is running in the District 10 race, which encompasses various neighborhoods in San Francisco.
Campaign finance regulations often require disclosure of significant contributions, providing transparency regarding funding sources in political races. The $500,000 amount is considered a major contribution in local election cycles.
Information regarding other contributors or the total fundraising figures for Theo Ellington’s campaign was not provided in the summary. Similarly, details about the specific platform or policy initiatives that this donation is intended to support were not specified.
The San Francisco election landscape often sees substantial financial backing for candidates. This contribution from Chris Larsen places Theo Ellington’s campaign among those receiving significant financial attention.
Story summarized from the original created by Omar Rashad,Joe Fitzgerald Rodriguez on sfstandard.com, see more information here.
