Ripple’s CEO, Brad Garlinghouse, has publicly endorsed John Deaton, a Republican candidate, for the Senate seat in Massachusetts. This announcement follows closely behind Ripple co-founder Chris Larsen’s significant $10 million contribution to a Democratic Presidential candidate.
The contrasting endorsements from Ripple’s key leaders underline an increasing pro-crypto sentiment among the American voting populace.
Ripple and Elections
Today, Brad Garlinghouse, the CEO of Ripple (XRP), showed his support for the pro-crypto attorney John Deaton in the upcoming Massachusetts Senate race. Deaton, representing the Republican Party, is competing against Democratic contender Elizabeth Warren. Warren has made attempts to amend her reputation on crypto, although she has a lengthy record of opposing cryptocurrency regulations.
“John Deaton has been an unwavering supporter of the XRP Army… and the broader crypto space. In contrast, his opponent, Senator Warren, continues to disseminate misinformation regarding crypto. I wholeheartedly endorse John in his Senate campaign. I urge you to contribute to his campaign (as I have!)… and most crucially… VOTE FOR HIM,” he remarked.
Read More: Ripple (XRP) Price Prediction 2024/2025/2030
This endorsement from Garlinghouse illustrates the split within the US crypto community concerning the upcoming elections. While Ripple’s CEO backs a Republican for the Senate, co-founder Chris Larsen has emerged as a significant supporter of the Democratic Presidential nominee Kamala Harris.
Just ten days after contributing XRP tokens valued at around $1 million to Harris, Larsen followed up with a $10 million donation. Garlinghouse has spent nine years at Ripple, serving as CEO for eight, a position he once shared with Larsen. Despite their longstanding partnership and representation of the company, they are aligned with opposing parties.
Regarding this Senate race, Garlinghouse may have personal stakes. Earlier this year, he stated that the US Government was pursuing Tether, and Warren has frequently labeled cryptocurrency “a new threat” to national security. Current polls indicate that Warren is leading the race, suggesting that Garlinghouse’s opposition may be more to her personally than her party’s stance.
Read More: Crypto Regulation: What Are the Benefits and Drawbacks?
Nonetheless, the differing political affiliations among Ripple’s leadership underscore the growing bipartisan consensus for supporting cryptocurrency among US voters. Democrats, in particular, have been working to reshape their anti-crypto image, with Harris making several pro-crypto pledges. In parallel, Republican Presidential hopeful Donald Trump has also expressed support for the crypto sector.
Both party representatives are striving to position themselves as the most favorable candidates for the crypto industry during this electoral cycle. Ultimately, such a landscape could yield tangible advantages for the sector. The crypto community has made significant progress since its inception, and recent regulatory successes have been notably frequent.
Disclaimer
In accordance with the Trust Project guidelines, BeInCrypto is dedicated to delivering impartial, transparent reporting. This news article intends to offer accurate and timely information. However, readers are encouraged to verify facts independently and consult with a professional before making any decisions based on this information. Please be aware that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
