Ripple donates $1 million to unseat Warren; Winklevoss twins donate to pro-Trump super PAC | Headlines | News | CoinMarketCap
07/16/2024 17:48Ripple Labs donated $1 million to a new super political action committee, Commonwealth Unity Fund, set up by attorney James Murphy to help unseat …
Ripple Labs donated $1 million to a new super political action committee, Commonwealth Unity Fund, set up by attorney James Murphy to help unseat anti-crypto Sen. Elizabeth Warren and elect pro-crypto lawyer John Deaton.
The donation was made on May 15, according to a quarterly filing on Monday with the Federal Election Commission. Murphy also donated $50,000 on April 15. Fox Business journalist Eleanor Terrett first noted the donation on X.
Ripple is currently engaged in an ongoing legal battle with the U.S. Securities and Exchange Commission related to the sale of XRP, which the agency says is an unregistered security. In July 2023, Judge Analisa Torres of New York ruled that some of Ripple’s secondary sales of XRP did not violate securities laws due to the blind bid process in place …