Coinbase, Ripple CEOs Gain Profits With Pro-Crypto Election Victory

Brian Armstrong and Brad Garlinghouse saw major financial gains post-2024 elections. Armstrong sold $437 million in Coinbase stock, benefiting from a market surge. Pro-crypto PACs backed by crypto leaders helped elect 53 Congress members. Crypto executives, including Coinbase CEO Brian Armstrong and Ripple’s Brad Garlinghouse, saw significant growth in their fortunes following the 2024 U.S. elections. Their political contributions helped secure victories for pro-crypto victories candidates, leading to a surge in the crypto market and thus increasing their personal wealth. Crypto Executives Profit After Election Surge Following a sharp increase in share prices, Armstrong sold over $437 million in Coinbase stock. The value climbed from $186 per share to $276 in the days following the elections. Meanwhile, his 10% stake in the company, amounting to 24 million shares, is now above $6.4 billion, up by nearly $2 billion in November. This growth is driven by optimism about pro-crypto legislative outcomes. These sales were part of Armstrong’s pre-scheduled stock disposal plan, but they were significantly impacted by the election’s favorable results for… The post Coinbase, Ripple CEOs Gain Profits With Pro-Crypto Election Victory appeared first on Coin Edition .