Net worth as of August 6th, 2025: $26 Million (Quiver Quantitative).
- Richardson founded crypto company Exodus in 2015 with Daniel Castagnoli.
- In April 2025, Exodus was the target of a malware attack.
- The cryptocurrency industry is notorious for its susceptibility to malware attacks. Since crypto is built on blockchain technology, if a blockchain is attacked, transactions can be altered and changed.
- In May 2024, the New York Stock Exchange paused Exodus’s listing while the Securities and Exchange Commission completed the review of its registration statement. The company announced that the review was completed in December.
- Exodus chief legal officer, Veronica McGregor, originally supported Kamala Harris’ run for president via the group Crypto4Harris. McGregor quickly shifted gears after Trump’s win, saying the company’s “top priority” was ensuring a shift in the approach regulators take to crypto oversight.
- When asked about the new Trump administration, JP Richardson said, “I’d expect his administration to start laying the groundwork within the first year, bringing in the right experts and setting a regulatory foundation that aligns with his campaign promises.”
- After the election, Exodus went all in on supporting Trump: JP Richardson co-hosted an exclusive crypto inaugural ball with attendees including Rick Ross, Soulja Boy, and Snoop Dogg. The tickets for the event cost $2,500 per person.
- The $100,000 VIP package for the event gave the purchaser face time with David Sacks.
- According to The New York Times, Richardson donated $1 million to Trump’s Super PAC, MAGA Inc. According to the most recent filings, MAGA inc, has $200 million cash on hand.
- The Super PAC raised a sum total of $18 million from crypto interests.
- In February 2025, Richardson opposed a strategic crypto reserve, claiming “the US should only hold Bitcoin.”
- The strategic crypto reserve is a government owned stockpile of crypto, primarily Bitcoin, held for strategic purposes.
- Richardson supported the GENIUS Act, exclaiming on X, “Today I’m at the White House as President Trump signs the GENIUS Act into law-a watershed moment for crypto and the US dollar. People have no idea what’s coming. Every bank in America will adopt stablecoins. Blockchain rails will become the foundation of modern finance. A new era of open, programmable money is here.”
- Americans for Financial Reform released a fact sheet detailing the GENIUS Act’s many “flaws and failures.” Their concerns include the conflicts of interest the bill poses with the Trump family’s holdings in crypto platform World Liberty Financial, how crypto titans who back the bill are also cheering on Trump and Musk’s dismantling of consumer watchdog agencies, and how the bill “strictly limits federal regulators’ ability to prevent stablecoin collapses from spreading.” Read more here.
For more information, see the Revolving Door Project’s Oligarchs in Trump World tracker.