CandleFocus Was the Ripple Leaders Political Discord a Planned Strategy?
2024-11-07
Author: Content Editor
In the 2024 presidential election, the crypto community made significant financial contributions and strategic endorsements that influenced the race. The Federal Election Commission revealed that the cryptocurrency industry invested over $200 million into the election races. President Trump expressed a pro-crypto stance and received support from prominent figures in the industry such as Howard Lutnick, Tyler and Cameron Winklevoss, and Jesse Powell. Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty also supported Trump, while co-founder Chris Larsen supported Democrat candidate Kamala Harris with a donation of $11.7 million in XRP tokens. Some speculate that Larsen's support for Harris may have been a strategic move by Ripple, given the company's legal challenges with the SEC. Others believe it reflects Larsen's genuine belief in Harris's potential to promote innovation in the crypto industry. The real reason behind Ripple's political contributions and Larsen's support remains a subject of speculation.
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