๐Ripple is stepping up its pro-crypto game! The company has just donated a whopping $25 million to the Fairshake super PAC, aligning with the industry's push for pro-crypto policies and politicians. This move comes as Ripple continues its legal tussle with the SEC.๐ฅ
๐ฃRipple is calling out the SEC's strategy of trying to regulate the crypto industry through enforcement, labeling it as ineffective. The company is urging for fair and balanced regulation, especially as the US lags behind other nations in embracing crypto and its underlying technology.๐
๐ณ๏ธWith the 2024 elections looming, Ripple is emphasizing the need for leaders who understand and promote policies that foster innovation, consumer protection, and market fairness. CEO Brad Garlinghouse stated, "Our contributions to Fairshake are just one of the many ways Ripple will actively invest in educating voters on the role crypto will play in the future."๐ฎ
๐ฐThis $25 million donation follows a $20 million contribution made six months ago, marking a significant increase in Ripple's political activity. Ripple's contributions make up nearly half of the $100 million-plus raised by Fairshake from major figures in the crypto sector.๐ฆ
โ๏ธRipple's legal battle with the SEC continues, with the regulatory watchdog accusing the company of unlawfully raising $1.3 billion through the sale of XRP, which it deemed an unregistered security. The SEC is seeking fines against Ripple, while the company argues that fines should not surpass $10 million. The final ruling is awaited.๐