Ripple, a payments platform, is once again demonstrating its commitment to the crypto industry by donating millions of dollars to Fairshake, a federal super PAC that supports pro-crypto candidates in the upcoming 2024 US election. This contribution of $25 million doubles Ripple’s previous donation to Fairshake in 2023. Ripple’s investment, along with contributions from other crypto firms and leaders, forms part of a larger industry-wide initiative to promote policies that foster the next generation of financial innovation in the United States.
Ripple argues that while the US is currently working on crypto regulatory action, it is lagging behind other nations in terms of crypto innovation. The company believes that the time for the US to take action is now, as responsible countries have already embraced crypto and the innovative technology that accompanies it. Ripple is proud to invest in this effort and hopes to shape a positive regulatory landscape in the US.
By supporting Fairshake, Ripple aims to play a significant role in shaping the future of digital assets and blockchain technology. Ripple’s CEO, Brad Garlinghouse, affirms that the crypto industry should not stay silent while unelected regulators hinder innovation and economic growth that millions of Americans rely on. He emphasizes that the industry will continue to invest heavily in this endeavor until meaningful change is achieved.
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