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Stripe Founding Engineer Chakrabarti Loses California Congressional Race to Wiener, Backed by Ripple Co-Founder Larsen

2026-06-03 16:56:55

According to NBC News, Stripe founding engineer Saikat Chakrabarti lost his bid for Congress in California on Tuesday, garnering only 15% of votes. Democratic candidates Scott Wiener and Connie Chan advanced from the all-party primary to compete for California's 11th Congressional District seat, succeeding Rep. Nancy Pelosi.

Wiener's campaign was significantly backed by Ripple co-founder and Executive Chairman Chris Larsen, who contributed $100,000 to Abundant Future, a PAC that spent roughly $65,200 opposing Chakrabarti, according to Federal Election Commission filings. Larsen also donated $7,000 directly to Wiener's official campaign.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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