Ripple continues to solidify its position as a leader in crypto advocacy with another $25M into Fairshake, the bipartisan Super PAC that backs candidates who support crypto and innovation. This makes a total of $75M from The blockchain giant, one of the largest investments into the future of cryptocurrency regulations in the US.
Fairshake: Crypto’s Catalyst
Fairshake has positioned itself as a major player in the political scene, pushing for crypto-friendly regulations. Ripple CEO Brad Garlinghouse highlighted the importance of the mission that Fairshake carries out:
“Fairshake is the most successful multi-candidate, bipartisan Super PAC in American history. Supporting pro-crypto, pro-growth, pro-innovation candidates is a no-brainer.”
Fairshake has gotten stronger since its inception and The blockchain giant’s support has been a big part of that. Its ability to advocate for policy that allows digital assets to innovate is proof of its relevance in a digital economy.
The Bigger Purpose: Advocacy and Regulation
Ripple’s support for Fairshake fits into its overall strategy to level the regulatory playing field. According to Stuart Alderoty, General Counsel for The blockchain giant, Ripple supported Fairshake from the beginning.
“When Fairshake started, Ripple committed to be a top-tier supporter before anyone knew what would happen. Now we’re making our third $25M contribution in three years to the most successful PAC in U.S. history.”
The blockchain giant not only writes the checks but also fights the regulatory fights. Recently, Alderoty slammed the SEC for overreaching. This comes after a federal court shot down the SEC’s dealer rule and Treasury’s sanctions on Tornado Cash, more signs of growing pushback against overreach.
“This week’s federal court decisions have a theme: Regulators don’t make law; they enforce it as written,” Alderoty said.
Ripple’s two-pronged approach-funding advocacy through Fairshake and challenging overreach in the courts-puts it at the center of the fight for a fair, innovation-friendly regulatory framework.
Role in Shaping a Changing Landscape
The crypto industry is in a time of great change, but most of all, with the change of leadership at the SEC: both Chair Gary Gensler and Commissioner Jaime Lizárraga have announced their departures, effective January 2025. During Gensler’s tenure, he reportedly used his regulatory approach to sue major crypto platforms like Binance and Coinbase.
The departures come as a new administration will name new leadership, perhaps a change in the SEC’s stance on crypto regulations. Ripple’s early investment in advocacy through Fairshake means it will have a seat at the table when the new leadership comes in.
Continued Commitment to Innovation
The financial support from he blockchain giant is part of the company’s overall mission to support innovation in the digital asset space. Fairshake’s ability to make an impact already has delivered results, that’s why Ripple is committed and long-term.
Beyond Fairshake, The blockchain giant is driving technological innovation in the crypto space. Its fights against overreach and support for innovation candidates speaks volumes about its commitment to a digital economy that works and is sustainable.
Conclusion
While Ripple ramps up with Fairshake, the company is still squarely behind policies that support digital currencies and innovation-friendly rules and regulations. With changes coming, the blockchain giant’s continued investment in advocacy and challenging overreach puts it in the driver’s seat for the future of U.S. crypto.
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