Ripple Adds Another $25 Million Donation to Fairshake to Ensure Cryptos Voice in 2024 Elections

Blockchain giant Ripple has increased its donation to Fairshake, a federal crypto super political action committee (PAC), by adding another $25 million to its purse. This was done to ensure that the crypto community has a voice in the forthcoming 2024 elections in the United States.

Recall that in 2023, Ripple made a previous $25 million donation to the committee, which has now raised its total contribution to $50 million. Approximately half of the over $100 million that Fairshake has raised from prominent participants in the cryptocurrency field, such as asset manager ARK Invest, venture capital company Andreessen Horowitz, and cryptocurrency exchange Coinbase and Gemini, comes from donations made by Ripple.

The 2024 election is crucial to the crypto community. Industry participants see it as an opportunity to rally behind a candidate who supports cryptocurrency and the underlying blockchain technology.

Ripple Calls on the Crypto Community to Act Now

Meanwhile, in a recent statement, the blockchain and crypto solutions company rallied the crypto community and U.S. citizens to take their stance and act now while pointing to the failed and aggressive approach the SEC has taken to regulate cryptocurrency. “Ripple is proud to invest in this effort and contribute to shaping a positive regulatory landscape in the U.S,” the statement reads.

Ripple went on to say that the 2024 elections will be the “most consequential” in cryptocurrency history, having a significant impact on upcoming advancements in finance and technology. The CEO of the embattled blockchain company, Brad Garlinghouse, informed the public that Ripple’s contribution to the cause is one of the numerous ways it will “invest in educating voters on the role crypto will play in the future.”

Furthermore, he stated that the company will also educate voters on the dangers of the anti-crypto stance some policymakers are clinging to in Washington. “Ripple will not — and the crypto industry should not — keep quiet while unelected regulators actively seek to impede innovation and economic growth that millions of Americans utilize,” he stated.

He advised voters to vote for leaders who understand this potential and support policies that protect consumers and markets in ways that are fair and innovation-forward.