Ripple Injects $25 Million Dollar Donation to Support Crypto Advocacy Fairshake PAC in 2024

Bittime - Financial technology giant Ripple poured $25 million US dollars into Fairshake PAC, the richest pro-crypto political action committee in the US. This donation marks the crypto industry's intensive lobbying to influence crypto-related policies.

This time, Ripple injected a donation of $25 million US dollars to Fairshake PAC, a pro-crypto political action committee in the United States. 

Fairshake PAC Becomes Richest Super PAC in 2024 US Election

The donation makes Fairshake PAC the richest non-partisan Super PAC [Political Action Committee] in the 2024 election cycle, and third richest overall, with total fundraising between $102 million and $110 million, depending on the report.

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Crypto Industry Increasingly Lobbying for Crypto Policy in the US

Ripple CEO Brad Garlinghouse said in a statement that his company's contribution to Fairshake is just one of many ways Ripple is actively educating voters about the role of crypto in the future and the dangers of the anti-crypto stance still held by some policymakers in Washington.

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Fairshake itself stated that it "supports candidates who are committed to securing the United States as a home for innovators building the next generation of the internet." However, their focus leaning towards the crypto realm is clear. The list of Super PAC contributors is like a list of who is important in the crypto world.

Ripple's large donation indicates increasingly intensive lobbying efforts from the crypto industry to influence policies and regulations related to crypto in the United States.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.