{"id":31530,"date":"2024-05-29T11:59:08","date_gmt":"2024-05-29T11:59:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ripple-boosts-fairshake-pac-with-an-additional-25m-donation\/"},"modified":"2024-05-29T11:59:08","modified_gmt":"2024-05-29T11:59:08","slug":"ripple-boosts-fairshake-pac-with-an-additional-25m-donation","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ripple-boosts-fairshake-pac-with-an-additional-25m-donation\/","title":{"rendered":"Ripple Boosts Fairshake PAC with an Additional $25M Donation"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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With an extra $25 million, Ripple has strengthened Fairshake, a federal crypto super political action committee (PAC). The purpose of this substantial donation is to aid candidates for Congress who embrace cryptocurrencies in the next elections.<\/p>\n

Ripple gave $25 million to Fairshake in 2023 as well, bringing its total donations to the political action committee to a significant $50 million. Almost half of Fairshake\u2019s $100 million in investment, which also comes from significant cryptocurrency contributors including Coinbase, Gemini, Andreessen Horowitz, and ARK Invest, comes from contributions made by Ripple.<\/p>\n

The cryptocurrency sector sees the 2024 elections as a critical opportunity to elect pro-crypto politicians and defeat opponents like California Congresswoman Katie Porter. Sen. Elizabeth Warren (D-Mass.)\u2019s ally Porter was up against a $10 million campaign from Fairshake, which affected her chances of winning the Senate.<\/p>\n

Ripple\u2019s Vision for Crypto Regulation<\/strong><\/h2>\n

Ripple\u2019s latest donation is part of a broader industry initiative to promote favorable crypto policies. Ripple criticized the U.S. Securities and Exchange Commission (SEC) for its enforcement-based regulatory approach, calling for a proactive regulatory framework to nurture innovation in the U.S.<\/p>\n

In a statement, Ripple CEO Brad Garlinghouse emphasized the company\u2019s commitment to educating voters on crypto\u2019s potential and countering anti-crypto policies in Washington. He stated, \u201cRipple will not \u2013 and the crypto industry should not \u2013 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.\u201d<\/em><\/p>\n

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177% up to 5BTC + 77 Free Spins<\/strong>!<\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Ripple\u2019s legal battle with the SEC, which began in 2020 over alleged violations of federal securities laws, continues to underscore the industry\u2019s regulatory challenges.<\/p>\n

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Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) With an extra $25 million, Ripple has strengthened Fairshake, a federal crypto super political action committee (PAC). The purpose of this substantial donation is to aid candidates for Congress who embrace cryptocurrencies in the next elections. Ripple gave $25 million to Fairshake in 2023 as well, […]<\/p>\n","protected":false},"author":34,"featured_media":31531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31530"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31530"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31531"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}