Ripple's Second $25M Donation to Fairshake PAC Brings Total to Over $110M

May 29, 2024, 12:17 PM

Ripple, a prominent cryptocurrency company, has made a significant political move by donating an additional $25 million to the pro-crypto political action committee (PAC) Fairshake. This second $25 million donation brings the total contributions from Ripple to over $110 million, making it the largest donor to the Fairshake PAC. The funds are aimed at supporting political candidates in the upcoming 2024 U.S. elections who favor cryptocurrency policies. Ripple CEO Brad Garlinghouse emphasized the importance of this contribution in advancing the adoption and regulatory clarity of crypto and blockchain technologies in the U.S. The donation is part of Ripple's broader strategy to influence crypto-related legislation and counter regulatory challenges posed by entities like the SEC.