Ripple co-founder Chris Larsen and crypto evangelist Tim Draper plan to spend millions this year on an effort to elect moderate California legislators (Theodore Schleifer/New York Times)

Theodore Schleifer / New York Times : Ripple co-founder Chris Larsen and crypto evangelist Tim Draper plan to spend millions this year on an effort to elect moderate California legislators —  Chris Larsen and Tim Draper, two outspoken Silicon Valley leaders, are planning to spend tens of millions of dollars to elect moderate state lawmakers this year.