Ripple CEO donates $25m to pro-crypto PAC

A political action committee advertising for fairer crypto regulation has just got a major injection from Ripple CEO Brad Garlinghouse

Brad Garlinghouse, the boss of Ripple, has often found himself an outspoken critic of government policies in the United States which he has found high-handed or downright tyrannical.

To protect his views of the crypto industry, Garlinghouse often butted heads with the US Securities and Exchange Commission (SEC), including in court, facing a litany of charges brought on against the regulator.

After several major successes in court against the watchdog, and a general signaling from lawmakers that things may be finally cooling down in the sector, and government might just drop its antagonistic rhetoric towards the sector, Garlinghouse now donated $25m to the Fairshake super political action committee (PAC), which aims to promote broader awareness for crypto, its uses, and generally call for fairer and most importantly – clearer and unambiguous regulation.

“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 and the dangers of the anti-crypto stance some policymakers are clinging to in Washington,” Garlinghouse explained as part of his contribution.

Ripple is not a brand new supporter of the super PAC. Rather, it’s been consistently forwarding contributions to the organization’s cause, as previously, it contributed another $20 million. The super PAC has already been spending money to raise awareness as part of the upcoming elections.

In the meantime, politicians are cozying up to crypto. The presumptive Republican nominee for the US Presidency, Donald Trump, has already been making waves with cryptocurrency supporters, with Joe Biden’s campaign dropping it’s gung-ho language towards the sector, and seeking to collaborate close with industry insiders.

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Written by Barney

Co-founder

Barney is co-founder of CryptoGamblingNews.com. When not at work he can usually be found behind a Nikon. He's won numerous international competitions for his photography and volunteers as a content creator for aid organisations in Africa.

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