Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BITCOIN NEWS»Ripple CEO reveals why the company invested $25 million in a cryptocurrency-focused political committee.
BITCOIN NEWS

Ripple CEO reveals why the company invested $25 million in a cryptocurrency-focused political committee.

By Crypto FlexsMay 31, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ripple CEO reveals why the company invested  million in a cryptocurrency-focused political committee.
Share
Facebook Twitter LinkedIn Pinterest Email

Ripple Labs, Inc., an American technology and cryptocurrency payments company, announced plans to donate a whopping $25 million to a cryptocurrency-focused political committee. Brad Garlinghouse, Ripple’s CEO provided insight into the company’s strategic reasons behind the high contribution.

Ripple donates $25 million to cryptocurrency

In a May 29 post on X (formerly Twitter), Garlinghouse used clarify The company’s new support for FairShake, a federally independent cryptocurrency-focused political committee.

Ripple CEO revealed that the cryptocurrency payments company has donated a generous $25 million to FairShake. Development of the cryptocurrency industry Strengthening “the development and adoption of cryptocurrency and blockchain technology.”

FairShake is a Federal Election Commission registered committee that empowers blockchain innovators to create networks under a more transparent and favorable regulatory and legal framework.

Garlinghouse said the continued growth and development of the cryptocurrency industry is very important in the United States. He emphasized that the country must catch up with other countries. major economy A cryptocurrency-friendly country that has already been developed in a practical and concise way. Cryptocurrency Industry Regulations And that community.

Ripple’s donation to FairShake is also expected soon. us presidential election It is scheduled for November 5, 2024. Garlinghouse said the company’s $25 million donation sends a message to: Against Cryptocurrency and “backward” politicians who have failed to enact policies that support the cryptocurrency industry.

Ripple CEO’s statement may suggest: Ongoing Enforcement Action The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against a cryptocurrency company.

Over the years, the US SEC has filed lawsuits and imposed sanctions on numerous cryptocurrency companies, with Ripple being one of its longest-standing targets. Litigation spanning nearly four years. Additionally, in 2023 Senator Elizabeth Warren He began his re-election campaign and announced his intention to be re-elected. anti-cryptocurrency concentrated About undermining the cryptocurrency industry.

These ongoing efforts to potentially harm the cryptocurrency industry Ripple’s Efforts We fully support the sector by funding initiatives to help it grow amid political turmoil and regulatory uncertainty.

Ripple is committed to continued support for US-centric policies.

Stuart Alderoty, Ripple’s Chief Legal Officer, responded to Garlinghouse’s statement that Ripple donated $25 million to FairShake. published The cryptocurrency payments company plans to continue supporting policymakers and policies aimed at advancing and improving the United States.

This support includes cryptocurrency-friendly initiatives and A better regulatory framework for the industry. U.S. Representative Patrick McHenry echoed similar sentiments: united states congressHe emphasized that it is time for the legislature to provide clearer rules for the digital asset ecosystem.

“The American people deserve legislation that ensures consumer protections and allows innovation to thrive in this country,” McHenry said. decided.

XRP price is $0.5 | Source: XRPUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The strategy has hit the highest market cap since the Rally Bitcoin rally.

July 17, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025

As Nano Labs begins to accumulate $ 1 billion, BNB gets a big supporter.

July 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025

XRP Breaks Through $3.5! DL Mining Launches AI Cloud Mining Contracts, Earning Steady Profits Every Day

July 20, 2025

AAVE gains strength as AAVE dominates defect loans with net deposits of $ 50B or more.

July 19, 2025

As XRP Surges, DLMining Platform Opens New High-yield Cloud Mining Opportunities For Holders

July 19, 2025

Missed Out On Bitcoin At $9999? SIM Mining Cloud Mining Brings You New Opportunities For Wealth!

July 19, 2025

NFT is a rebound -there is a teenage NFTS this week.

July 19, 2025

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025
Most Popular

XRP Price Sets Stage for More Profits: Bulls Maintain Momentum

January 22, 2025

DOGE vs. SpongeV2: Meme Coin Showdown 2024

January 10, 2024

OpenAI Launches GPT-4o Mini, a Breakthrough in Cost-Effective AI

July 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.