Billionaire Chris Larsen is spending millions of dollars to get San Francisco Mayor London Breed reelected in a November race.
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.
Ahead of the March 5 election, Larsen spent $750,000 to support both measures, which quickly passed, and said he’s all-in on Breed in November. referencing Breed’s handling of the pandemic and fallout from the police killing of George Floyd in 2020, which led to three months of protests in the city. “The social justice protests, riots — whatever you want to call them — she held the city together.
Despite the challenges, Larsen remains committed and has not been shy about using his power to get Breed even more power. It’s unknown how much he will spend on Breed’s reelection campaign, but he has been invested in her success for a while.and attorneys fees connected to gifts she received from people involved in a very public city-hall corruption scandal. Federal prosecutors claimed a handful of San Francisco officials accepted bribes and kickbacks from people looking for lucrative contracts with the city.
Larsen has said that any shortcoming of Breed’s administration should be blamed on the board of supervisors he said is trying to blunt her tough-on-crime campaign. He also blamed the “far Left” for the toxicity in city politics but said tech titans and business owners like himself are starting to push for change and will “no longer be cowed into submission by progressive activists.
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