Regulation
Ripple Adds Additional $25M Donation to Fairshake to Secure Cryptos’ Voice in 2024 Elections
Blockchain giant Ripple has increased its donation to Fairshake, a federal crypto super political action committee (PAC), adding another $25 million to its purse. This was done to ensure that the crypto community has a voice in the upcoming 2024 United States elections.
Recall that in 2023, Ripple had already donated $25 million to the committee, which has now increased its total contribution to $50 million. About half of the most 100 million dollars that Fairshake has collected from prominent players in the cryptocurrency space, such as asset manager ARK Invest, venture capital firm Andreessen Horowitz and cryptocurrency exchange Coinbase and Gemini come from donations made by Ripple.
The 2024 elections are crucial for crypto community. Industry players see this as an opportunity to rally behind a candidate who supports cryptocurrency and the underlying blockchain technology.
Meanwhile, in a recent statement, the blockchain and crypto solutions company rallied the crypto community and American citizens to take a stand and act now while highlighting failure and failure. aggressive approach the SEC has taken to regulate cryptocurrency. “Ripple is proud to invest in this effort and help shape a positive regulatory landscape in the United States,” the statement said.
Ripple went on to say that the 2024 elections will be the “most important” in the history of cryptocurrencies, having a significant impact on future advancements in finance and technology. The embattled blockchain company’s CEO, Brad Garlinghouse, informed the public that Ripple’s contribution to the cause is one of many ways it will “invest in educating voters about the role crypto will play in the future.” ‘future “.
Additionally, he said the company would also educate voters about the dangers of the anti-crypto stance that some policymakers in Washington are clinging to. “Ripple will not – and the crypto industry should not – remain silent while unelected regulators actively seek to hinder the innovation and economic growth that millions of Americans use,” he said. declared.
He advised voters to vote for leaders who understand this potential and support policies that protect consumers and markets in a fair and innovation-driven manner.