Ripple, a payments platform, is once again making a generous donation to a crypto super PAC as the 2024 US election draws near. In a recent press release, Ripple announced that it is doubling its previous $25 million contribution to Fairshake, a federal super PAC that aims to support pro-crypto candidates during the election. This contribution from Ripple, along with donations from other crypto firms and leaders, is part of a collective effort within the industry to promote policies that foster the next generation of financial innovation in the United States.

Ripple argues that while regulatory action regarding cryptocurrencies is currently being discussed in Congress, the US is lagging behind other countries when it comes to crypto innovation. They believe that it is crucial for the US to take action now in order to keep up with responsible nations that have embraced crypto and the innovative technology behind it. Ripple is proud to invest in this endeavor and hopes to contribute to the development of a positive regulatory landscape in the US.

By supporting Fairshake, Ripple aims to shape the future of digital assets and blockchain technology. Ripple’s CEO, Brad Garlinghouse, emphasizes in the press release that the crypto industry should not stay silent while unelected regulators attempt to hinder innovation and economic growth that millions of Americans rely on. He states that the industry is fully committed to this cause and will continue to be heavily involved until meaningful change is achieved.

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