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Ripple Commits $25 Million Every Year To Pro-Crypto Political Action Committee

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Source: UnspalshLeading blockchain and crypto solutions provider, Ripple, has announced a commitment of $25 million annually to FairShake, a political action committee (PAC) dedicated to promoting crypto-friendly policies. 

According to Ripple’s CEO, Brad Garlinghouse, this investment is part of a broader strategy to ensure that the regulatory environment keeps pace with the rapid advancements in the crypto space. 

“We believe that by supporting FairShake, we can help create a more balanced and informed dialogue around cryptocurrency regulation,” Garlinghouse stated. “Our goal is to work collaboratively with policymakers to develop frameworks that protect consumers while fostering innovation.”

Ripple’ Proactive Stance In Shaping The Future Of Crypto Regulation

The substantial financial pledge by Ripple to FairShake is a clear indication of the company’s proactive stance in shaping the future of cryptocurrency regulation. 

FairShake, established to advocate for policies that support the growth and adoption of digital assets, will apparently utilize these funds to engage with lawmakers, support pro-crypto candidates, and educate the public on the benefits of blockchain technology.

FairShake’s mission is to advocate for a regulatory environment that encourages innovation and growth in the cryptocurrency sector. The PAC aims to achieve this by engaging with lawmakers, supporting pro-crypto candidates and public education. 

Impact of Ripple’s Commitment

Ripple’s $25 million annual commitment to FairShake is expected to have a significant impact on the cryptocurrency regulatory landscape. This funding will enable FairShake to expand its operations and increase its influence in key legislative areas. 

By supporting a PAC dedicated to promoting crypto-friendly policies, Ripple is taking a proactive approach to shaping the legislative landscape and fostering a more favorable environment for the digital asset industry. 

With Ripple’s backing, FairShake is well-positioned to make a meaningful impact on the future of cryptocurrency regulation.

EXPLORE: How to Buy Ripple (XRP) – A Beginner’s Guide

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Akriti Seth is a Zurich-based Business Journalist and Crypto Editor. Her passion for journalism has taken her across the globe – from thriving as an on-television correspondent to writing engaging articles, she has worked for companies like Informa UK, Bloomberg TV India, CNA Singapore. Akriti’s interest in the cryptocurrency space stems from her writing for Crypto Council for Innovation and Daily Coin. She believes that decentralisation technology has the potential to empower marginalised communities across the world. Entrepreneur Magazine, Hindustan Times, Tech Panda, Hackernoon and other publications have featured Akriti’s writings.

View all Posts by Akriti Seth

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