NewsletterRipple, Coinbase, Kraken Raises $78M To Elect Pro-Crypto Candidates
Crypto firms including Ripple, Coinbase, Kraken and individuals Brian Armstrong, Fred Wilson, and Winklevoss twins are donating millions to elect pro-innovation and pro-crypto political candidates going into 2024 congressional elections.
The crypto industry will be making an effort to elect a pro-crypto president who will help bring regulatory clarity and prevent irrational SEC complaints.
Crypto Leaders Such as Ripple & Coinbase Raise Over $78 Million
Crypto and blockchain leaders have raised over $78 million to support the election of pro-crypto candidates and the enactment of policies that support responsible and fair rules.
According to a Coinbase blog, merely 9% of Americans are satisfied with the current system and the donation ensures support to the 52 million Americans holding digital assets and want a fair shake at the American Dream.
Fairshake Super PAC announced their fundraising efforts for political candidates in the forthcoming congressional 2024 elections.
The list of supporters includes Andreessen Horowitz, Ark, Brian Armstrong, Blockchain Capital, Wences Casares, Circle, Coinbase, Ron Conway, Cumberland, Framework Ventures, Hunter Horsley, Jump Crypto, Kraken, Lightspark, Messari, Multicoin Capital, Paradigm, Potter Ventures, Ripple, Fred Wilson, Cameron Winklevoss, and Tyler Winklevoss.
Ripple CEO Brad Garlinghouse took to X to announce that the company is leading the charge with other industry leaders to support pro-innovation and pro-crypto candidates. He added that the U.S. can not afford to lose in global innovation race.
He blamed the U.S. government and regulators, especially the SEC, for regulatory overreach pushing the crypt industry out of the U.S., with other countries taking benefit of it.
“We need to advance leaders who will champion innovation and spearhead paths towards responsible regulation. 2024 is the time to go back to first principles by encouraging initiatives to promote transparency, innovation and a compliance-first approach. Team Ripple and I won’t squander it,” he said.
Also Read: Athur Hayes Predicts Bonk Flipping Shiba Inu; Shibarium Burns Another 8 Bln SHIB
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: Canary XRP ETF Gets Approval with 8-A Filing to List on Nasdaq
- Everything You Need to Know About the New Draft Crypto Market Structure Bill
- Uniswap Launches UNIfication to Overhaul Governance Model: Report
- Vivek Ramaswamy’s Strive Acquires $162M in Bitcoin, Surpasses Galaxy Digital in BTC Holdings
- Bitcoin News: BTC Exchange Reserves Fall as Tether Mints $1B USDT
- HBAR Price Prediction: Analyst Eyes 90% Surge Amid Taker Buy Dominance
- Expert Predicts 200% Shiba Inu Price Surge as Open Interest, Burn Rate Spikes
- Solana Price Eyes $200 This Week as Spot ETFs Lead $137M Inflows
- Pi Network: What’s Keeping Pi Coin Price $0.30 Below?
- What to Expect from Dogecoin, Shiba Inu, Bitfrac and Cardano Prices Now?
- After a 7% Pump, Will FUNToken Continue to Keep the Momentum?
