Ripple CEO's prediction for the US elections: The cryptocurrency sector will open a new chapter.

The cryptocurrency world is preparing for the U.S. presidential elections. Leading companies like Ripple and Coinbase have donated $25 million to the Fairshake political action committee to support pro-industry candidates. This move strengthens the political influence of the cryptocurrency world.

The Cryptocurrency Sector is Preparing for Post-Election Change

Ripple CEO Brad Garlinghouse drew attention at the DC Fintech Week event with his purple tie symbolizing bipartisanship. Garlinghouse, who described the current Biden administration as "hostile," stated that the elections would represent a new beginning for the sector.

Trump, defining himself as the "crypto president," promised to end the "illegal and anti-American pressure" on the sector. Vice President Harris stands out with her Silicon Valley background and promises to support innovative technologies like Blockchain.

Ripple co-founder Chris Larsen donated $1 million worth of XRP to a political action committee supporting Harris in August. Garlinghouse also announced his support for John Deaton, the opponent of Massachusetts Senator Elizabeth Warren.

The anti-money laundering law supported by Warren aims to expand customer identification rules for miners, validators, and wallet providers. This regulation is causing debates in the cryptocurrency sector.