• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
Ripple crypto news

Ripple Pledges $25 Million To Crypto-Focused Fairshake Ahead Of US Election

Jake Simmons
by Jake Simmons
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple Labs announced today a $25 million contribution to Fairshake, a federal super PAC committed to promoting pro-crypto political candidates with focus on the US presidential election. This contribution marks the second $25 million donation by Ripple to Fairshake, cumulatively making it the super PAC’s largest donor with a total of $50 million invested in the last two years. This financial commitment is part of an industry-wide push to ensure that cryptocurrency and blockchain innovation become central issues in the upcoming electoral cycle.

Ripple Champions Crypto-Friendly US Policy

Fairshake, which is funded by some of the biggest names in the cryptocurrency industry, plays a pivotal role in supporting Congressional candidates from both major political parties who advocate for laws that encourage crypto and technological innovation. According to Fairshake, Ripple’s contributions have significantly increased the super PAC’s financial arsenal, bringing its total funds to over $110 million.

Related Reading: Ripple Vs. SEC: Lawyer Predicts Impact Of Biden’s Crypto Softening

Ripple CEO Brad Garlinghouse emphasized the strategic importance of these contributions: “Our contributions to Fairshake are just one of the many ways Ripple will actively invest in educating voters on the role crypto will play in the future and the dangers of the anti-crypto stance some policymakers are clinging to in Washington.”

Garlinghouse highlighted that Ripple’s proactive funding approach aims to counteract the resistance from certain policymakers and regulators who have not yet aligned with the evolving digital currency landscape. He added, “Ripple will not – and the crypto industry should not – keep quiet while unelected regulators actively seek to impede innovation and economic growth that millions of Americans utilize. The crypto industry intends to remain heavily invested in this effort until we see meaningful change.”

This political contribution strategy by Ripple comes at a time when the regulatory environment for cryptocurrencies in the US remains complex and often contentious. Ripple itself has been embroiled in a legal battle with the Securities and Exchange Commission (SEC) since December 2020. The SEC has accused Ripple of conducting a $1.3 billion unregistered securities offering through its sale of XRP, a charge Ripple denies, arguing that XRP should not be classified as a security.

Related Reading: Coinbase Resumes XRP Trading In New York Amidst Ripple’s Clash With SEC

Under the leadership of SEC Chairman Gary Gensler, the Commission has maintained a strict regulatory stance, initiating numerous enforcement actions against other crypto businesses, which many in the crypto space view as an overreach. These actions have fostered a sense of urgency within the crypto industry to seek more favorable regulatory conditions through political channels.

The influence of cryptocurrency on US politics has grown significantly, as evidenced by recent legislative efforts and political endorsements. Just last week, bipartisan legislation aimed at creating a friendlier regulatory framework for digital assets gained traction in the House. Additionally, a controversial SEC rule that would have restricted crypto companies’ access to banking services was overturned by a Senate vote, demonstrating a potential shift in Congressional sentiment towards more supportive crypto regulations.

These political developments are occurring alongside endorsements from prominent figures such as GOP presidential front-runner Donald Trump, who recently expressed his support for the use of digital assets and announced his campaign’s acceptance of donations in cryptocurrencies. This political backing could signal a broader acceptance and integration of cryptocurrency technologies in governmental and financial systems.

The role of Fairshake and similar super PACs in influencing election outcomes has been stark. For instance, in a high-profile case earlier this year, Fairshake spent $10 million on a campaign that targeted anti-crypto Congresswoman Katie Porter (D-California) during her Senate campaign. The campaign was seen as a decisive factor in her loss to Adam Schiff (D-California), a candidate more favorable to the crypto industry.

At press time, XRP traded at $0.52951.

XRP price
XRP price remains below the trend line, 1-week chart | Source: XRPUSD on TradingView.com
Featured image created with DALL·E, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jake Simmons

Jake Simmons

Follow

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Full Profile

Related Posts

Bitcoin Hyper Presale Hits $14.4M as Fastest Bitcoin L2 Gains Traction

Bitcoin Hyper Presale Hits $14.4M as Fastest Bitcoin L2 Gains Traction

6 hours ago
Best Altcoins to Buy as Cardano Charts Turn Bullish

Best Altcoins to Buy as Cardano Charts Turn Bullish

8 hours ago
Grok AI’s Top 4 Crypto Presales Poised for Breakout in 2025

Grok AI’s Top 4 Crypto Presales Poised for Breakout in 2025

7 hours ago
WGC’s Digital Gold Move in the UK: $BEST Is the Key to a New Era

WGC’s Digital Gold Move in the UK: $BEST Is the Key to a New Era

8 hours ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 8)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 8)

4 hours ago
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 8)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 8)

4 hours ago

Premium Sponsors

Press Releases

  • Domain Scams

    Scam Coinomize Domains: How to Spot and Stop Domain Scams

    1 hour ago
  • miner

    New hope for XRP holders: Switch strategies and earn $7,481...

    3 hours ago
  • miner

    ETF fever sweeps the market, BAY Miner cloud mining allows...

    4 hours ago
  • miner

    Institutional capital pours into DOT Miners, pushing XRP...

    4 hours ago
  • miner

    Ripple (XRP) on-chain popularity surges: FindMining opens...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.