Ripple’s Chris Larsen to fund police surveillance, drones in San Francisco
Ripple Labs’ Chris Larsen wants to give the San Francisco Police Department $9.4 million to fund its police surveillance unit and become the sublandlord of its new base of operations. The reported multi-million dollar gift, which requires approval from the city’s board of supervisors, is to be given to the police department’s “Real-Time Investigations Center.” Ripple Labs will retroactively fund the surveillance-focused unit’s relocation from the reportedly “decrepit” San Francisco Hall of Justice to a lavish high-rise on 315 Montgomery Street, which the cryptocurrency firm will sublet for free. The interior of 315 Montgomery Street sourced from Vornado Realty Trust. Read more: Ripple to stop XRP reports after SEC ‘used transparency against it’ According to an ordinance document shared by local news outlet Mission Local, Larsen’s non-profit, the San Francisco Police Community Foundation, is gifting $7.25 million that will be used to purcha...