Recent developments have triggered unease among XRP holders, not because of any court ruling or regulatory announcement, but due to concerns about Ripple’s political affiliations. Questions about whether Ripple’s actions serve the interests of XRP holders are now gaining traction, as political donations by Ripple’s leadership come under public scrutiny once again. Community Reactions to Ripple’s Political Support Some community members recently drew attention to donations made by Ripple executives to Kamala Harris’ campaign during the 2024 presidential race. Chris Larsen contributed over $11 million to the campaign , making him the top donor from the crypto industry. This news provoked frustrations among community members at the time, and those tensions have reemerged. Donald Trump has consistently shown support for cryptocurrencies, promising to make the U.S. the crypto capital of the world. He accepted crypto donations during his campaign and actively engaged with crypto holders. Larsen’s decision to support Harris did not sit well with many community members who saw Trump as the better candidate for the crypto industry. Some now re-evaluate their long-term support for Ripple, viewing the donations as a sign that the company may not represent their values or financial interests. One crypto user recently highlighted these frustrations, suggesting that XRP holders should dump their tokens if XRP reaches $3.5 again and buy Bitcoin if it crosses $125,000. Former SEC Lawyer Weighs In He also drew attention to the XRP lawsuit, arguing that Joe Biden’s administration held XRP down while Gary Gensler aggressively pursued the crypto market. He called Ripple two-faced for cozying up to Trump after the election despite the support its executives accorded Harris, who shared Biden’s views. Marc Fagel, a former SEC attorney, intervened to address the issue. He clarified that the enforcement action against Ripple was filed under the Trump administration, during Jay Clayton’s tenure as SEC Chair. Fagel explained that Gary Gensler, who took over as SEC Chair months later, had no role in initiating the case. Ripple was sued under the Trump/Clayton administration, long before Gensler was appointed. Basic facts, sorry. — Marc Fagel (@Marc_Fagel) July 24, 2025 Fagel previously noted that it was irrelevant that Clayton signed off on the lawsuit on his final day in office, as the investigation began long before then. Gensler only inherited the lawsuit, and the vote under Clayton to proceed aimed to avoid delays during the leadership transition. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Despite that, the Trump administration has dismissed most crypto-related lawsuits, and Ripple CEO Brad Garlinghouse recently revealed that the company is closing the chapter on the lawsuit , an outcome that may not have materialized under a Harris presidency, and this has reinforced the concern shared by many community members about the company’s support for Harris. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple vs SEC or XRP Holders? Ex-SEC Answers Buzzing Question As Case Awaits Final Whistle appeared first on Times Tabloid .
