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COINTURK NEWS > Ripple (XRP) > Ripple CEO Brad Garlinghouse Announces Additional Donation to Fairshake PAC
Ripple (XRP)

Ripple CEO Brad Garlinghouse Announces Additional Donation to Fairshake PAC

In Brief

  • Ripple CEO announces a $25 million donation to Fairshake PAC.

  • The PAC supports crypto-friendly candidates ahead of the 2026 elections.

  • Ripple emphasizes its commitment to financial innovation and political advocacy.

Fatih Uçar
Fatih Uçar 7 months ago
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Ripple $2 CEO Brad Garlinghouse recently announced that his company made an additional donation to the pro-crypto political action committee (PAC) Fairshake as part of its preparations for the 2026 midterm elections. This donation highlights Ripple’s commitment to supporting candidates who favor the growth and innovation of the cryptocurrency sector.

Contents
Ripple Contributes $25 Million to FairshakeSignificant Congressional Elections and Ripple’s Role

Ripple Contributes $25 Million to Fairshake

In a statement on the X platform, Garlinghouse revealed that Ripple donated an additional $25 million to the Fairshake PAC. He described Fairshake as “the most successful multi-candidate, bipartisan Super PAC in American history.” This contribution aims to maintain the momentum created by Fairshake, which has gained significant traction following recent U.S. elections.

“Selecting crypto-friendly, growth-oriented, and innovation-friendly candidates is a clear preference. We are making this contribution to continue the momentum created by Fairshake.” – Garlinghouse

The pro-crypto PAC has indeed gained substantial momentum, contributing to what is now considered the most crypto-friendly Congress in U.S. history through over $130 million spent in more than 50 congressional races.

Significant Congressional Elections and Ripple’s Role

One of the most notable congressional races involving Fairshake was between pro-crypto candidate Bernie Moreno and anti-crypto Sherrod Brown for the Ohio Senate seat, where Moreno made a comeback to secure victory.

Furthermore, Ripple’s influence in this process is emphasized, having initially donated $25 million to Fairshake earlier this year. At that time, Ripple noted that this contribution was part of a broader effort to advance policies supporting the next generation of financial innovation in the U.S.

Ripple’s Chief Legal Officer Stuart Alderoty commented on Garlinghouse’s announcement regarding the latest donation to Fairshake. He noted that Ripple has been one of Fairshake’s top supporters since its inception and emphasized that making three donations over the past three years demonstrates sustainable support.

“Innovation is here to stay, and crypto will remain a strong force in DC for years to come. This process, starting with the Trump administration, aims to create the first White House role for crypto.”

By continuing its political support for the crypto sector, Ripple is making strategic moves to foster further growth in the industry in the coming years.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 26 November, 2024 - 9:13 pm 26 November, 2024 - 9:13 pm
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