CoinVoice has recently learned that, according to CoinDesk, Coinbase CEO Brian Armstrong and other leaders in the cryptocurrency industry saw their wealth increase by billions of dollars following the political activities of 2024, despite investing heavily in supporting crypto-friendly candidates. Coinbase's political action committee Fairshake invested about $74 million in the elections, helping several candidates win. After the election, Armstrong made an additional $129 million through stock sales, with the value of his shares in the company increasing by more than $2 billion.
Ripple Labs CEO Brad Garlinghouse and Andreessen Horowitz each invested $73 million and $70 million, respectively, to push for reforms in crypto policy. It is reported that Garlinghouse owns over 6% of Ripple and a significant amount of undisclosed XRP tokens. This election has tripled the value of Garlinghouse's XRP holdings, so his personal wealth is also expected to increase significantly. On the other hand, a16z co-founders Mark Andreessen and Ben Horowitz hold significant stakes in various cryptocurrency companies, with their holdings likely exceeding the funds they have invested in American politics since election day. [Original link]
