Key Takeaways:
- Ripple has added another $25 million to Fairshake, bringing its total contribution to $50 million.
- Fairshake’s over $100 million fund includes donations from major players like Coinbase, Gemini, Andreessen Horowitz, and ARK Invest.
- The crypto industry views the 2024 elections as crucial for promoting pro-crypto candidates and opposing anti-crypto policies.
Ripple has added another $25 million to Fairshake, a federal crypto super PAC, matching its previous donation in 2023.
This brings Ripple’s total contribution to $50 million, accounting for half of Fairshake’s over $100 million in funds.
🚨NEW from me: Ripple Leads Political Push with Second $25M Donation to Crypto Super PAC
— Eleanor Terrett (@EleanorTerrett) May 29, 2024
This is @Ripple’s second $25M installment to Fairshake, making it the super PAC’s largest donor and swelling the crypto industry’s war chest to over $110M. https://t.co/HtnfyAvzOl
Other major donors include Coinbase, Gemini, Andreessen Horowitz, and ARK Invest.
The crypto industry sees the 2024 elections as critical for electing pro-crypto candidates and defeating opponents like Congresswoman Katie Porter, who faced a failed Senate bid partly due to a $10 million campaign from Fairshake.
Ripple donates additional $25 million to pro-crypto political committee Fairshake https://t.co/C43CoZwtj6
— The Block (@TheBlock__) May 29, 2024
Ripple’s latest contribution aims to promote supportive financial policies and counter the SEC’s enforcement actions, which Ripple criticizes as stifling innovation.
Ripple CEO Brad Garlinghouse emphasized the need for positive regulatory frameworks and stated that the company’s contributions are part of a broader effort to educate voters on the role of crypto and the dangers of anti-crypto policies.
🚨JUST IN: RIPPLE DONATED ADDITIONAL $25M TO FEDERAL SUPER PAC FAIRSHAKE, SUPPORTING PRO-CRYPTO POLITICAL CANDIDATES FOR THE 2024 U.S. ELECTIONS
— BSCN Headlines (@BSCNheadlines) May 29, 2024
Ripple remains committed to advocating for meaningful regulatory change.
About The Author
Victor Fawole, a seasoned Web3 content creator and social media influencer, excels in bringing the pulse of the crypto world to our readers.
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