Despite the cryptocurrency industry’s attempts to remain politically neutral, Ripple has shown a preference for supporting Republican causes. This was evident in their efforts to defeat crypto critic Sen. Elizabeth Warren (D-Mass.). Ripple’s CEO, Brad Garlinghouse, went a step further by personally donating $50,000 to a super-PAC focused on securing a Republican majority in the Senate. These donations highlight a potential misalignment with the public stance taken by Chris Larsen, Ripple’s co-founder, who has expressed support for a Democratic administration led by Kamala Harris.
While the cryptocurrency sector as a whole has tried to navigate the complex political landscape, Ripple’s contributions have leaned towards the Republican party in key instances. Garlinghouse’s support for GOP causes underscores the diverse political affiliations within the industry, with individuals and companies aligning themselves with different parties based on their priorities and beliefs.
