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<ul>
 <li>Crypto leaders pledge $78M to reshape the political landscape.</li>
 <li>Ripple, Coinbase, Andreessen Horowitz drive crypto’s ascent in political giving.</li>
 <li>Initiative aims to redefine crypto’s image, foster innovation-friendly policies in Washington.</li>
</ul>
<p>In a groundbreaking move, crypto leaders <a href="https://ripple.com/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a>, <a href="https://www.coinbase.com/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a>, and venture capital firm Andreessen Horowitz have joined forces to inject a formidable $78 million into reshaping the political narrative surrounding digital currencies.&nbsp;</p>
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   <p lang="en" dir="ltr">Team <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> is putting a stake in the ground, leading the charge with other industry leaders to support pro-innovation and pro-crypto candidates in the 2024 US election cycle. The US cannot afford to continue taking a back seat on the global stage.<br>Regulatory overreach (esp from… <a href="https://t.co/hpkqNf7Y99" rel="noopener noreferrer nofollow">https://t.co/hpkqNf7Y99</a></p>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1736724322654326843?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 18, 2023</a>
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<p>This strategic initiative aims to redefine the perception of crypto in political funding, prioritizing responsible regulation and fostering innovation-friendly policies. Reports from Axios indicate that this significant funding drive will play a pivotal role in transforming the industry’s image within the realm of campaign fundraising on Washington’s political stage.</p>
<p>A simultaneous statement reveals that <a href="https://cryptonewsland.com/xrp-is-the-next-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s CEO, Brad Garlinghouse</a>, is set to publicly endorse “pro-crypto” candidates in the upcoming 2024 United States election. Ripple is part of a powerful coalition that has pledged $78 million to support the Fairshake political action committee (PAC).</p>
<p>The roster of supporters includes heavyweight entities such as Andreessen Horowitz, Ark, Brian Armstrong, Blockchain Capital, Wences Casares, Circle, and Coinbase, among other influential names in the crypto sector.</p>
<p>Fairshake acknowledges contributions from additional key players, including Kraken, Lightspark, Messari, Paradigm, Potter Ventures, Fred Wilson, and the Winklevoss twins, Cameron and Tyler.</p>
<p>The crypto industry’s meteoric rise in political contributions, amassing an astounding $78 million in just three months, positions it as a formidable force alongside more established sectors. Andreessen Horowitz emphasizes its nonpartisan approach to political donations, identifying as single-issue voters advocating for candidates who champion a technologically enabled future.</p>
<p>Coinbase, known for spearheading <a href="https://cryptonewsland.com/coinbase-challenges-sec-with-lawsuit-on-crypto-regulation/" target="_blank" rel="noopener noreferrer nofollow">campaigns to mobilize crypto owners</a> as advocates for change, further reinforces the commitment to reshape cryptocurrency’s political perception. The move comes at a crucial juncture following the collapse of FTX and legal challenges faced by Sam Bankman-Fried, with Axios reporting that this initiative signifies a concerted effort to create a conducive environment for the crypto industry’s growth within the United States.</p>
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 <li><a href="https://cryptonewsland.com/andreessen-horowitz-hires-ex-sec-finance-director-for-2-2b-crypto-fund/" rel="noopener noreferrer nofollow">Andreessen Horowitz Hires Ex-SEC Finance Director for $2.2B Crypto Fund</a></li>
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</ul>
<p>The post <a href="https://cryptonewsland.com/ripple-coinbase-and-andreessen-horowitz-inject-78-million-into-political-landscape/" rel="noopener noreferrer nofollow">Ripple, Coinbase, and Andreessen Horowitz Inject $78 Million into Political Landscape</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ripple, Coinbase, and Andreessen Horowitz Inject $78 Million into Political Landscape

Crypto News Land

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