The Block Crypto News14 minutes ago

Published on May 29, 2024 09:01 GMT+00:00edited on May 29, 2024 09:04 GMT+00:00

Ripple announced today its $25 million contribution to federal super political action committee (PAC) Fairshake, in support of pro-crypto political candidates during the 2024 U.S. elections. The donation comes in addition to the $25 million contribution Ripple made to Fairshake last year.

“The Securities and Exchange Commission’s approach of trying to regulate crypto by enforcement has failed,” Ripple said in a Wednesday statement. “The time for the U.S. to act is now. Ripple is proud to invest in this effort and contribute to shaping a positive regulatory landscape in the U.S.”

The blockchain solutions company added that the 2024 elections will be the “most consequential” in the history of crypto that will impact the forthcoming financial and technological innovation. 

"Ripple …