While the industry’s combined effort has tried to walk a tightrope between the two major political parties, Ripple’s giving has leaned into the Republican side in one key situation: trying to defeat crypto critic Sen. Elizabeth Warren (D-Mass.) Garlinghouse, the company’s CEO, has also personally given $50,000 to a super-PAC aimed at building a Republican majority in the Senate, according to disclosures to the Federal Elections Commission. So his political sympathies may be at odds with the letter Larsen signed, which favors a Democratic administration under Harris.