According to a report by CoinDesk on December 26, the CEO of Coinbase, Brian Armstrong, and other leaders in the crypto industry saw their wealth grow by billions during the political campaigns of 2024, despite investing heavily in supporting crypto-friendly candidates. Coinbase's political action committee, Fairshake, contributed about $74 million in the elections, helping several candidates to win. After the elections, Armstrong earned an additional $129 million through stock sales, and the value of his shares in the company increased by over $2 billion.
Ripple Labs CEO Brad Garlinghouse and Andreessen Horowitz also invested $73 million and $70 million, respectively, to promote reforms in crypto policy. It is reported that Garlinghouse owns over 6% of Ripple and has a significant amount of undisclosed XRP tokens. This election caused the value of Garlinghouse's XRP holdings to increase more than threefold, so it is expected that his personal wealth has also surged significantly. On the other hand, a16z co-founders Mark Andreessen and Ben Horowitz hold substantial stakes in cryptocurrency companies, and their holdings are expected to have exceeded the funds invested in American politics after the election.

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