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Ripple, Coinbase, A16z Pledge $78 Million to Support Pro-Crypto Candidates in 2024 US Elections
Ripple, Coinbase, a16z Pledge $78 Million to Support Pro-Crypto Candidates in 2024 US Elections
The Fairshake political action committee (PAC) announced that major industry firms and individuals, including Coinbase CEO Brian Armstrong, Tyler and Cameron Winklevoss, Circle, Coinbase, Kraken, Messari, and Andreessen Horowitz (a16z), have contributed $78 million to a substantial "war chest" to back candidates who advocate for American crypto and blockchain innovation, as well as responsible regulation, in the upcoming 2024 elections.
This comes as Ripple CEO Brad Garlinghouse took to X to express his disapproval of regulatory overreach in the United States and emphasized that Ripple, along with other industry leaders, will "lead the charge" in supporting "pro-crypto" candidates during the 2024 United States election season.
"Regulatory overreach (esp from the SEC) is actively moving the U.S. in the wrong direction, and other countries are taking full advantage of the lack of US leadership. We need to advance leaders who will champion innovation and spearhead paths towards responsible regulation," Garlinghouse wrote. The Ripple CEO further stressed the need to promote initiatives that foster "transparency, innovation, and a compliance-first approach."
Andreessen Horowitz (a16z) founder and managing director Chris Dixon also announced the firm's contribution to the Fairshake PAC in 2024. Dixon said:
“There is a battle in Washington about the future of blockchain technologies: Certain policymakers believe it should be banned, while other people think it should have no guardrails. Neither of those options will allow the technology to reach its full potential and realign the future of the Internet away from Big Tech to the people who use it.”
Cryptocurrency firms operating in the U.S. have faced challenges in dealing with regulators in recent years. The Securities and Exchange Commission (SEC), in particular, has drawn criticism from industry players for its "regulate-by-enforcement" approach.
Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form.
The Fairshake political action committee (PAC) announced that major industry firms and individuals, including Coinbase CEO Brian Armstrong, Tyler and Cameron Winklevoss, Circle, Coinbase, Kraken, Messari, and Andreessen Horowitz (a16z), have contributed $78 million to a substantial "war chest" to back candidates who advocate for American crypto and blockchain innovation, as well as responsible regulation, in the upcoming 2024 elections.
This comes as Ripple CEO Brad Garlinghouse took to X to express his disapproval of regulatory overreach in the United States and emphasized that Ripple, along with other industry leaders, will "lead the charge" in supporting "pro-crypto" candidates during the 2024 United States election season.
"Regulatory overreach (esp from the SEC) is actively moving the U.S. in the wrong direction, and other countries are taking full advantage of the lack of US leadership. We need to advance leaders who will champion innovation and spearhead paths towards responsible regulation," Garlinghouse wrote. The Ripple CEO further stressed the need to promote initiatives that foster "transparency, innovation, and a compliance-first approach."
Andreessen Horowitz (a16z) founder and managing director Chris Dixon also announced the firm's contribution to the Fairshake PAC in 2024. Dixon said:
“There is a battle in Washington about the future of blockchain technologies: Certain policymakers believe it should be banned, while other people think it should have no guardrails. Neither of those options will allow the technology to reach its full potential and realign the future of the Internet away from Big Tech to the people who use it.”
Cryptocurrency firms operating in the U.S. have faced challenges in dealing with regulators in recent years. The Securities and Exchange Commission (SEC), in particular, has drawn criticism from industry players for its "regulate-by-enforcement" approach.
Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form.
a16z led a $5 million seed round into Setter, a consumer app that allows brands to explore Web3-powered commerce. "It looks and feels like a Web2 app, but it is a full-blown smart contract wallet under the hood".
BitCraft Prelaunch Alpha Hub airdrop
Copy and paste this link your web browser
https://hub.bitcraftonline.com/ref/5UBMT6YX
- Enter Email
- Verify Email
- Complete 6 Quests & Claim Reward
- Click "Collection"
- Use your XP to claim "Alpha Supporter" and "Community Paragon" role
📌 Backed by a16z, Supercell (Clash of Clans)
#a16z #HotTrends #ETHFI $ETHFI
Copy and paste this link your web browser
https://hub.bitcraftonline.com/ref/5UBMT6YX
- Enter Email
- Verify Email
- Complete 6 Quests & Claim Reward
- Click "Collection"
- Use your XP to claim "Alpha Supporter" and "Community Paragon" role
📌 Backed by a16z, Supercell (Clash of Clans)
#a16z #HotTrends #ETHFI $ETHFI
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@ArkhamIntel
a16z just transferred $28 million worth of UNI tokens from their “UNI Voting” address to a new address.
This is their first known transfer of tokens worth over $10,000 since July.
This move comes on the heels of the Uniswap Foundation moving approximately $40 million in UNI tokens to Kraken, OKX, and FalconX over the past week.
#uniswap #UNI #a16z
a16z just transferred $28 million worth of UNI tokens from their “UNI Voting” address to a new address.
This is their first known transfer of tokens worth over $10,000 since July.
This move comes on the heels of the Uniswap Foundation moving approximately $40 million in UNI tokens to Kraken, OKX, and FalconX over the past week.
#uniswap #UNI #a16z
A16z Crypto Summer Research Internship Program Now Open for Applications
According to Foresight News, the a16z crypto summer research internship program is now open for applications, with a deadline of November 15th. The program offers an opportunity for students and researchers to gain experience in the field of cryptocurrency and blockchain technology.
Account abstraction developer Pimlico has announced the completion of a $4.2 million seed round led by a16z. Pimlico offers features including ERC-20 token gas payments, multi-signature schemes, social recovery and spending limits. Previously, Pimlico announced the completion of a $1.6 million Pre-Seed round of financing, led by 1confirmation, with participation from Safe, Consensys and others.
Dynamic Labs Raises $13.5 Million in Funding Led by A16z and Founders Fund
According to Foresight News, Dynamic Labs, a Web3 identity verification and authorization platform, has completed a $13.5 million financing round led by a16z and Founders Fund. The company was founded by MIT graduates Itai Turbahn and Yoni Goldberg, who serve as CEO and CTO respectively. Dynamic Labs provides technology for cryptocurrency and non-cryptocurrency companies to create seamless login experiences supported by digital wallets. Their clients include NFT company Doodles and blockchain analytics platform Flooz.
Previously, Dynamic Labs completed a $7.5 million seed funding round in 2022, also led by a16z.
Previously, Dynamic Labs completed a $7.5 million seed funding round in 2022, also led by a16z.
CCP Games raised $40M led by #a16z ,with participation from Makers Fund, BITKRAFT, Kingsway Capital, HASHED, and Nexon. CCP is an Iceland game developer founded in 1997. The funding will allow CCP to enable the development of new games title utilizing blockchain technology.
⚡️ Biggest #Crypto #fundraising Events in February 2023
Investors: #a16z , Dragonfly Capital, Coinbase Ventures, Galaxy Digital, #AnimocaBrands , Framework, Paypal Ventures, Jump Crypto, Avalanche Foundation, Signum Capital, #Uniswap , Hashkey, Shima Capital, and others.
Investors: #a16z , Dragonfly Capital, Coinbase Ventures, Galaxy Digital, #AnimocaBrands , Framework, Paypal Ventures, Jump Crypto, Avalanche Foundation, Signum Capital, #Uniswap , Hashkey, Shima Capital, and others.
🚀Towns raised a $25.5M fund led by #a16z . Towns is a #Web3 #communication platform for online communities that offers a complete system for community builders. #fundrasing
⚡️ Top Recent #Crypto #fundraising Events (24 February 2023)
Investors: #a16z , Pantera Capital, CoinFund, #Blockchain Capital, Shima Capital, Framework Ventures, #Fantom Foundation $FTM , Gnosis, Magic Eden, and others.
Investors: #a16z , Pantera Capital, CoinFund, #Blockchain Capital, Shima Capital, Framework Ventures, #Fantom Foundation $FTM , Gnosis, Magic Eden, and others.
⚡ #CCPGames has raised $40M led by #a16z for its new AAA game #EveOnline
Additional round participants included #HashedCapital , #BitkraftVentures , Makers Fund, Kingsway, and Nexon.
Additional round participants included #HashedCapital , #BitkraftVentures , Makers Fund, Kingsway, and Nexon.
💰Staging Labs announced that it has raised $1.1 million in an oversubscribed pre-seed round. It builds software to secure the future of crypto, starting with Saferoot. #fundraising #funding #a16z #DeFi #coincarp
⚡️Biggest #crypto #fundraising Events of the Winter
Investors: #a16z , #Coinbase Ventures, Polychain Capital, Framework Ventures, Hashkey, Blockchain Capital, Bitkraft, GSR, Fenbushi Capital. Variant Fund, #Mina , Starkware, and others.
Investors: #a16z , #Coinbase Ventures, Polychain Capital, Framework Ventures, Hashkey, Blockchain Capital, Bitkraft, GSR, Fenbushi Capital. Variant Fund, #Mina , Starkware, and others.
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#a16z Calling for a $7.5 billion fund. a16z is pure in crypto investments and has a profit rate that is always in the top 1 of all funds. There is no reason why Bitcoin and the Market will not grow strongly in the long term. After the storm, the sky is bright again.
#bitcoinhalving
#bitcoinhalving
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The project is about to be listed on major CEX exchanges:
Our research project is set to deliver an impressive release this weekend, with a series of projects funded by leading funds in both the Crypto and traditional finance markets. Some of these projects have been listed on major exchanges such as Okex, Bitget, Kucoin, Gate, Binance and many others. We also predict that many other projects will be listed on these exchanges in the near future. Please look forward to experiencing our impressive releases!
Pimlico Raises $4.2 Million in Seed Funding Led by A16z
According to Foresight News, account abstraction infrastructure Pimlico has announced the completion of a $4.2 million seed funding round, led by venture capital firm a16z.