BIZINSIDER · 2026-11-02 10:00 UTC

This crypto billionaire is spending tens of millions in the midterms to take on AI companies and the GOP

Chris Larsen, Ripple co-founder and billionaire, has spent at least $22.5 million in the 2026 midterm elections supporting clean energy, AI regulation, and opposing the GOP. Larsen acknowledges the contradiction of using his wealth to influence politics while criticizing Citizens United, arguing he must spend heavily to counter oil companies and other opposition. He has donated to renewable energy PACs and candidates focused on AI regulation, stating the AI arms race is 'completely out of control' and calling for halting new AI infrastructure until regulations are in place.

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