Ripple’s political push, donates $25M for pro-crypto candidates

Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ

Ripple Labs has been dealing with the legal challenges pushed by the US Securities and Exchange Commission (SEC).

Amid the long running legal battle, the blockchain firm is now intensifying its political efforts. It is contributing huge funds to support pro crypto politicians in the upcoming election cycle.

Ripple makes huge donation

According to reports, Ripple on Wednesday announced a $25 million donation to Fairshake. It made the donation to crypto focused Super Political Action Committee (Super PAC).

However, the group backs both Democrat and Republican Congressional candidates who favor crypto innovation in the country.

The major donation marks Ripple’s second such donative to Fairshake within a year.

#XRP #Ripple #Bitcoin #Ethereum #EtherETF $XRP $ETH $BTC

(Arkham)
#PurposeInvestments is a Canadian company that created the first non-derivative #BTCETF (BTCC) in February 2021.

They currently hold 28,903 #BTC ($1.98B) in BTCC, alongside 101K #ETH ($395.47M) in their #EtherETF (ETHH).

#Grayscale Investments, in a recent report, suggests that Ethereum's recent price surge is more attributable to anticipation surrounding the upcoming #Dencun upgrade, scheduled for March 13th, 2024, rather than optimism about the potential approval of a spot #EtherETF by the Securities and Exchange Commission (SEC). The Dencun upgrade is expected to enhance throughput and reduce transaction costs on the Ethereum network, making it more competitive in the Smart Contract Platforms Crypto Sector. Grayscale Research Analyst William Ogden Moore notes that the upgrade could position #Ethereum to compete with faster chains like Solana in terms of scalability. Grayscale, currently seeking SEC approval for converting its Ethereum trust into a spot Ether ETF, remains optimistic about Ethereum's potential, citing factors such as "net deflationary supply" and "network revenue generation." The report also emphasizes Ethereum's ability to capture more smart contract business by improving throughput and cost competitiveness. Ethereum's price has risen about 25% since the beginning of the year, and Grayscale holds the largest spot Bitcoin ETF by assets under management.
#ETH $ETH