Ripple $25 million crypto education contribution amid rising importance in 2024 election


Ripple
has
highlighted
the
2024
US
election
as
a
crucial
juncture
for
the
crypto
industry,
according
to
a
May
29

statement.

In
response,
the
company
has
donated
$25
million
to
Fairshake,
a
federal
super
PAC
that
backs
pro-crypto
and
pro-innovation
candidates.
This
contribution
raises

How To Get Free Crypto  

Ripple’s
total
donation
to
the
committee
to
$50
million.

Notably,
Fairshake
has

attracted
funding
from
prominent
crypto
industry
players,
including

Coinbase,
Gemini,
and
venture
capital
firm

Andreessen
Horowitz.


Crypto
education

Ripple
criticized
the
Securities
and
Exchange
Commission’s
(SEC)

enforcement-focused
approach
to
the
emerging
industry,
arguing
that
it
has
been
ineffective.

The
company
highlighted
that
while
Congress
is
making
strides
toward
comprehensive
crypto
legislation,
the
US
still
trails
behind
other
nations
with
more
supportive
regulatory
frameworks.

As
a
result,
Ripple
CEO

Brad
Garlinghouse
said
the
company
was
donating
to
initiatives
that
educate
voters
about
the
future
role
of
crypto
and
the
risks
posed
by
anti-crypto
policymakers.
He
stated:

“Ripple
will
not

and
the
crypto
industry
should
not

keep
quiet
while
unelected
regulators
actively
seek
to
impede
innovation
and
economic
growth
that
millions
of
Americans
utilize.
The
crypto
industry
intends
to
remain
heavily
invested
in
this
effort
until
we
see
meaningful
change.”

American
voters
are
increasingly
pro-crypto

Meanwhile,
a
recent
Grayscale
survey reveals
a
growing
pro-crypto
sentiment
among
Americans,
driven
by
significant
macroeconomic
developments
and
the
sector’s
maturation.

According
to
the
survey,
approximately
47%
of
American
voters
plan
to
include
crypto
in
their
investment
portfolios.
Additionally,
about
32%
of
voters
expressed
increased
interest
in
learning
about
crypto
as
an
investment.

Coinbase Banner  

The
survey
also
noted
a
heightened
focus
on
Bitcoin,
spurred
by
critical
events
such
as
the
spot

Bitcoin
ETF
approval
in
January
and
the
April

Bitcoin
halving
event.

Grayscale
concluded
that
the
survey
showed
that
policymakers
and
candidates
running
in
the
2024
election
must
address
crypto
in
their
policies
due
to
its
growing
importance.

Mentioned
in
this
article

Go to Source
Author: Oluwapelumi Adejumo


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