In the 2024 presidential election, the crypto industry spent around $200 million to support both Trump and Kamala Harris. Trump was backed by several crypto investors and executives, including Ripple CEO Brad Garlinghouse and Ripple CLO Stuart Alderoty, who donated $25 million to a super PAC supporting pro-crypto candidate Fairshake.
However, Ripple co-founder Chris Larsen supported Kamala Harris, donating $11.7 million in XRP tokens to her campaign. Some speculate that Ripple’s bipartisan support may have been a strategic move to balance political influence and secure favorable policies, but the true motivation behind the financial contributions remains unclear.
