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