XRP News: Ripple Donates Million To Unseat Senator Warren And Elect John Deaton

In significant news for the XRP community, Ripple donated $1 million to the newly super political action committee (PAC) Commonwealth Unity Fund set up by pro-crypto lawyer James Murphy, known as MetaLawMan in the crypto community.

Ripple Contributes To Directly Support Pro-XRP John Deaton

The super PAC established by James Murphy, Commonwealth Unity Fund, received a $1 million donation from Ripple Labs. This super political action committee was set up this year to unseat anti-crypto Senator Elizabeth Warren and elect John Deaton in the Senate race.

James Murphy, known as MetaLawMan, reacted to Fox Business journalist Eleanor Terrett’s post on X revealing the donation by Ripple Labs in this new PAC. “For me and my family, this election is simply too important to just stand on the side lines. We desperately need a unite like John Deaton in the Senate,” he added.

He also requested the crypto community, especially XRP army, to contribute to the Commonwealth Unity Fund and support Deaton in the Massachusetts Senate election. Murphy donated $50,000 to the PAC.

According to the Federal Election Commission, the total donation to Commonwealth Unity Fund was $1050020. Moreover, the cash on hand until June 30 is at $909,405.

Also Read: Ripple Exits Investments in Crypto Firms Bitstamp And Tranglo

XRP Price Outlook Amid ETF Prospects

Ripple has donated millions to crypto-focused non-authorized PAC such as Fairshake to support technological and crypto innovation in the U.S. by contributing to political candidates. The company has donated $50 million to Fairshake. However, the PAC faced heavy scrutiny from crypto enthusiasts for not supporting John Deaton in his electoral campaign.

XRP price extends rally with 3% jump in the past 24 hours amid ETF news. The price is currently trading at $0.54, with the 24-hour low and high of $0.5241 and $0.5682, respectively. Furthermore, the trading volume has increased by 56% in the last 24 hours, indicating a rise in interest among traders.

The rally came as the Chicago Mercantile Exchange (CME) and CF Benchmarks announced the launch of the new reference rates and real-time indices for XRP. This sparked speculation of XRP ETF, with CEO Brad Garlinghouse also notifying the community of positive developments towards spot ETF.

Also Read: Metaplanet’s Fresh Bitcoin Purchase Sends Stock Soaring By 25%