Chris Larsen’s Political Bets Paid Off as Tech Money Reshaped California RacesTech Billionaires Turned California Races Into a Spending ContestPragmatic Democrats Beat the Sacramento Left With Tech Support
After the election, Ripple chairman Chris Larsen emerged as a major donor whose candidates and causes often prevailed, while tech-backed groups helped elect moderate Democrats in California legislative races.After the election, tech-backed groups helped elect moderate California Democrats by spending tens of millions against more progressive, labor-backed rivals.After the election, business-backed groups helped moderate Democrats win California legislative races, while Chris Larsen’s broader political bets also delivered major victories.