Sign Up on MEXC
Highlights
- Ripple donated $1 million to Commonwealth Unity Fund super PAC
- The super PAC by James Murphy was set up to unseat anti-crypto Senator Warren and elect John Deaton.
- XRP price continues to rally ahead decision in Ripple vs SEC.
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%
- Traders Brace for Hot US PPI amid Sticky Inflation, Risks BTC, ETH, XRP Liquidations
- Shiba Inu Releases Update On LEASH V2 Migration, Here Is What To Know
- GameStop’s Revenue Boosted by $528M Bitcoin Stash, Reports Minimal Q2 Loss
- Metaplanet Stock Shoots 17% After $30M Investment from Bitcoin Treasury Firm
- SUI Developer, Law Firm Met US SEC Ahead of ETF Decision, Here’s Why
- Meme Coin Price Prediction: Shiba Inu, Pepe Coin, Dogecoin, TRUMP
- HYPE Price Eye $88 the Next as Lion Group’s Treasury Shifts to Hyperliquid
- XRP Price Prediction as Ripple Ecosystem Growth Meets Technical Strength—Is $10 Next?
- Cardano Price Prediction as Sept Fed 50bps Cut Odds Surge – Is $1.65 Next?
- Chainlink Price Prediction: Analyst Sees 48% Rally as Grayscale ETF Filing Ignites Hype
