Michaela
Ripple has pledged another $25 million to Fairshake, a bipartisan super Political Action Committee (PAC), following the results of the 2024 U.S. elections.
Ripple CEO Brad Garlinghouse announced on X that the company’s additional donation to Fairshake was in support of “pro-crypto, pro-growth, and pro-innovation” candidates.
Fairshake is the most successful multi-candidate, bipartisan Super PAC in American history.
— Brad Garlinghouse (@bgarlinghouse) November 26, 2024
Electing pro-crypto, pro-growth and pro-innovation candidates is a no-brainer, and to continue that momentum, Ripple is contributing another $25M to Fairshake. Onwards!
A super PAC is a type of political action committee that can raise and spend unlimited amounts of money to support or oppose political candidates. Unlike traditional PACs, which are subject to contribution limits, super PACs can collect funds from individuals, corporations, and unions, and use that money for activities like advertising, rallies, or other political advocacies.
Ripple’s latest donation to Fairshake came only weeks after the super PAC proved successful in garnering congressional support for the crypto industry in the 2024 U.S. election.
Related: Teachers Warn Crypto Legislation Could Put Retirement Funds at Serious Risk
“Fairshake is the most successful multi-candidate, bipartisan Super PAC in American history,” Garlinghouse said in his post.
The recent donation marked the company’s third contribution to Fairshake in the past year. Seeking to deepen relationships with the super PAC, Garlinghouse had pledged to donate $25 million annually.
Is Brad Garlinghouse Trump’s Pick for “Crypto Czar”?
The idea of a “Crypto Czar” emerged following reports that the U.S. President-elect Donald Trump’s incoming administration is considering creating a White House position focused solely on digital assets. Speculation had risen that Garlinghouse, an outspoken advocate for the crypto industry, could be a potential candidate for this role.
Related: UK FCA Unveils Big Post-Brexit Investment Reforms for Retailers
Reports suggest that the role would oversee a small team dedicated to facilitating communication between the White House, Congress, and major regulatory agencies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This role is expected to help streamline regulatory efforts and foster coordination on cryptocurrency policies.
Garlinghouse’s familiarity with these bodies could make him a strategic choice for fostering a clearer, more predictable regulatory environment for cryptocurrencies in the U.S.
Read More
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MICHAELA
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
