Ripple invests $25 million in pro-crypto campaign for 2024 US elections

Ripple announced today an additional $25 million donation to Fairshake, a super PAC championing pro-crypto candidates in the 2024 elections. This doubles Ripple’s previous $25 million contribution, reinforcing its commitment to a pro-innovation political climate in the US.

“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,” said Ripple CEO Brad Garlinghouse. “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.”

The company’s move aligns with broader industry efforts to foster a regulatory environment conducive to financial technology advancements. Ryan Selkis, founder and CEO of Messari, has been showing steady support for presidential candidate Donald Trump.

Recently, Selkis shared he had attended an event at Mar-a-Lago resort where Trump resides, and the presidential candidate “spoke very highly about crypto.” Messari’s co-founder is also engaging in crypto donations for Trump’s campaign.

In the announcement, Ripple claims that the upcoming elections “are pivotal for the crypto sector,” with the potential to elect officials who either support or obstruct technological progress.