Ripple Donates Additional $25,000,000 to Crypto Super PAC Fairshake Ahead of 2024 Elections

Payments platform Ripple is again donating millions of dollars to a cryptocurrency super PAC as the 2024 US presidential election approaches.

new press releaseRipple is doubling its $25 million donation to FairShake, a federal super PAC that supports pro-crypto candidates during election season.

“This investment is in addition to the $25 million Ripple has donated to FairShake in 2023. Ripple’s donation, along with contributions from 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 United States.”

Ripple says that while cryptocurrency regulatory measures are currently working their way through the legislative process, the U.S. is lagging behind other countries when it comes to cryptocurrency innovation.

“While Congress is currently moving forward with comprehensive cryptocurrency industry legislation to ensure a bright future for American innovation, competitiveness, and growth, the United States continues to lag behind other responsible countries that have embraced cryptocurrencies and the innovative technology that underpins them.

The time for the United States to act is now, and Ripple is proud to invest in this effort and help shape a positive regulatory environment in the United States.”

Through its contribution to FairShake, Ripple hopes to pave the way for the future of digital assets and blockchain technology. Ripple CEO Brad Garlinghouse said in a press release:

“Ripple, and the cryptocurrency industry, will not sit back and watch while unelected regulators actively attempt to thwart the innovation and economic growth that millions of Americans rely on. The cryptocurrency industry will continue to invest heavily in this effort until we see meaningful change.”

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