2024

President Donald Trump

Donald Trump

<div class="finbold">
 <p class="paragraph">Ripple has taken a significant step to enhance the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> sector’s political influence by donating an additional $25 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> to Fairshake, a federal <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> super political action committee (PAC) dedicated to supporting <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>-friendly Congressional candidates in this <a rel="noopener noreferrer nofollow" title="election" href="https://thebittimes.com/tag/election.html">election</a> year.</p>
 <p class="paragraph">This latest donation, announced on May 28, 2024, brings Ripple’s total contributions to Fairshake to $50 million over the past two years.</p>
 <p class="paragraph">Fairshake, which supports crypto-friendly congressional candidates, has raised over $100 million from major industry players, including Coinbase, Gemini, Andreessen Horowitz, and ARK Invest. Ripple’s contributions alone account for nearly half of this total.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Trader nets 419x profit by selling SHIB after 3-year hold <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Crypto trader turns $800 into $657,000 in 5 hours <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Trader who lost $2M with SHIB last cycle now buys $1M of PEPE <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    U.S. debt per capita grows 10x faster than the population since 2008 <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Ripple CEO Brad Garlinghouse emphasized that these donations are part of a larger effort to educate voters on crypto’s future role and counteract the anti-crypto stance of some policymakers in Washington.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Our contributions to Fairshake are just one of the many ways Ripple will actively invest in educating voters on the role crypto will play in the future and the dangers of the anti-crypto stance some policymakers are clinging to in Washington,” Garlinghouse said.</p>
 </blockquote>
 <p class="paragraph">The announcement specifically discussed the role of federal regulators, criticizing the U.S. Securities and Exchange Commission’s (SEC) enforcement-based approach to regulating crypto as a failure.”</p>
 <p class="paragraph">Ripple stated :</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">&nbsp;“The time for the U.S. to act is now, We are proud to invest in this effort and contribute to shaping a positive regulatory landscape in the U.S.”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-recent-wins-and-strategic-influence">Recent wins and strategic influence</h2>
 <p class="paragraph">Ripple’s announcement follows a surprising month of victories for crypto firms and investors in Washington. The U.S. House of Representatives passed its first comprehensive crypto market structure bill, which aims to regulate the industry broadly, and now heads to the Senate.</p>
 <p class="paragraph">Additionally, the SEC approved key regulatory filings for ether exchange-traded funds (ETFs), marking significant progress towards their availability in the U.S.</p>
 <p class="paragraph">Crypto has also emerged as a topic in the presidential race. Former President Donald Trump is now officially accepting donations for his campaign in the form of crypto assets, creating concerns for his opponent’s team.&nbsp;</p>
 <p class="paragraph">In a historic decision, the Trump campaign announced it would start accepting digital asset donations, launching a fundraising page to facilitate this. This move makes Trump the first major party nominee in the U.S. to embrace cryptocurrency donations, as noted in a press release on May 21.</p>
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> super PAC network, which includes Fairshake, Defend American Jobs, and Protect Progress, is among the top-raising outside groups this cycle, now holding over $75 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>, according to spokesperson Josh Vlasto.</p>
 <p class="paragraph">Ripple’s substantial financial backing of Fairshake highlights its strategic push to influence the future of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> regulation in the U.S.</p>
 <p class="paragraph">With the 2024 elections approaching, the crypto industry remains deeply involved in the political scene, aiming to secure favorable legislation for its continued success.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-makes-25-million-contribution-to-spotlight-crypto-in-2024-elections-tbt90325.html">https://thebittimes.com/ripple-makes-25-million-contribution-to-spotlight-crypto-in-2024-elections-tbt90325.html</a></p>

Ripple makes $25 million contribution to spotlight crypto in 2024 elections

Table of Contents

TheBitTimes

Other articles published on May 29, 2024

Celestia Price Analysis: Can TIA Coin Hit $18 Amid Rising Futures Open Interest?

‘Solana Is For Baddies’: Rapper Iggy Azalea Joins The Controversial Celebrity Token Frenzy

Beacon Chain Closing in June: Will This Lead to Hot Month for BNB Coin (BNB)?

2 Billion Dollar Earthquake in Bitcoin and Cryptocurrencies: Finally Resolved

$500 Million In Liquidity To Flow Into ETFSwap (ETFS): Why You Should Buy Now Before The Crypto P...

MoonBag Presale: The Supreme Crypto Opportunity In 2024 With Huge 15000% ROI As DOGEVERSE & SLOTH...

Join our free newsletter for daily crypto updates!