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Ripple doubles contribution to Fairshake PAC Warchest to ensure cryptocurrencies are at the forefront during the 2024 elections
The company’s $25 million investment will support pro-Crypto leadership
SAN FRANCISCO, May 29, 2024–(COMMERCIAL WIRE)–Ripple, a leading provider of enterprise blockchain and cryptographic solutions, today announced a $25 million contribution to Fairshake, a federal super PAC committed to supporting pro-cryptocurrency and pro-innovation political candidates during the 2024 elections. This investment is in addition to the $25 million that Ripple contributed to Fairshake in 2023. Ripple’s contribution, along with that of other cryptocurrency companies and leaders, is part of an industry-wide effort to advance policies that support the next generation of financial innovation in the sector. WE
The Securities and Exchange Commission’s approach of trying to regulate cryptocurrencies through enforcement has failed. Although Congress is now advancing comprehensive legislation for the cryptocurrency industry to ensure a promising future for American innovation, competitiveness, and growth, the United States has lagged behind other responsible countries that have embraced cryptocurrencies and innovative technology that underpins it. The time for the United States to act is now. Ripple is proud to invest in this effort and help shape a positive regulatory landscape in the United States
“Our contributions to Fairshake are just one of the many ways Ripple will actively invest in educating voters about the role cryptocurrencies will play in the future and the dangers of the anti-cryptocurrency stance some politicians are clinging to in Washington,” he said. stated Brad Garlinghouse, CEO of Ripple. “Ripple will not – and the cryptocurrency industry should not – remain silent while unelected regulators actively seek to impede the innovation and economic growth enjoyed by millions of Americans. The cryptocurrency industry intends to remain heavily invested in this effort until we see significant changes.”
The 2024 elections will be the most important in the history of cryptocurrencies, forcing a choice between candidates who see cryptocurrency and blockchain as promising to foster financial innovation and candidates who stymie technological progress. We must elect leaders who understand this potential and support policies that protect consumers and markets in a fair and innovation-driven way. In this election, the crypto community intends to hold politicians accountable for their role in expanding or limiting US jobs and economic growth in the crypto economy.
About Ripple
Ripple is a leader in enterprise blockchain and crypto solutions, transforming the way the world moves, manages, tokenizes and stores value. Ripple’s business solutions are faster, more transparent, and more cost-effective, solving inefficiencies that have long defined the status quo. And together with partners and the broader developer community, we identify use cases where crypto technology will inspire new business models and create opportunities for more people. With each solution, we are building a more sustainable global economy and planet by increasing access to inclusive and scalable financial systems while leveraging zero-carbon blockchain technology and a green digital asset, XRP. This is how we achieve our mission of creating cryptographic solutions for a world without economic borders.
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Contacts
Susan Hendrick
press@ripple.com