Ripple Donates $25 Million to Fairshake Ahead of 2024 US Election
Ripple has emphasized the significance of the 2024 US election for the crypto industry and has donated $25 million to Fairshake, a federal super PAC supporting pro-crypto candidates. This brings Ripple’s total donation to the committee to $50 million.
Fairshake has received funding from major players in the crypto industry, including Coinbase, Gemini, and venture capital firm Andreessen Horowitz.
Crypto Education and Advocacy
Ripple has criticized the SEC’s enforcement-focused approach to the industry and highlighted the need for more supportive regulatory frameworks in the US. CEO Brad Garlinghouse emphasized the importance of educating voters about the role of crypto and the risks posed by anti-crypto policymakers.
“Ripple will not – and the crypto industry should not – keep quiet while unelected regulators actively seek to impede innovation and economic growth that millions of Americans utilize. The crypto industry intends to remain heavily invested in this effort until we see meaningful change.”
Americans Embrace Crypto
A recent Grayscale survey shows a growing pro-crypto sentiment among American voters, with nearly half planning to include crypto in their investment portfolios. The survey indicates an increased interest in learning about crypto investments, especially in Bitcoin, following key events like the Bitcoin ETF approval and halving event.
Grayscale suggests that policymakers and candidates in the 2024 election must address crypto in their policies to reflect its growing importance.
