{"id":2370,"date":"2024-06-02T22:10:51","date_gmt":"2024-06-02T22:10:51","guid":{"rendered":"https:\/\/cryptd.in\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\/"},"modified":"2024-06-02T22:10:51","modified_gmt":"2024-06-02T22:10:51","slug":"ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund","status":"publish","type":"post","link":"https:\/\/cryptd.in\/it\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\/","title":{"rendered":"Ripple Escalates Pro-Crypto Advocacy with $25M Fairshake Fund"},"content":{"rendered":"<p>Ripple has contributed $25 million to the Fairshake super PAC, aligning with an industry-wide effort to advocate for pro-crypto policies and politicians.<\/p>\n<p>Ripple\u2019s decision to boost Fairshake\u2019s efforts comes amid its own ongoing legal battle with regulatory bodies like the SEC. The agency\u2019s lawsuit prompted the company to take a more proactive stance in advocating for fair and balanced regulation within the industry.<\/p>\n<h2>Ripple Advancing Pro-Crypto Agenda<\/h2>\n<p>In a <a href=\"https:\/\/www.businesswire.com\/news\/home\/20240529567739\/en\/Ripple-Doubles-Contribution-to-Fairshake-PAC-Warchest-To-Ensure-Crypto-Is-Front-and-Center-During-2024-Elections\" target=\"_blank\" rel=\"noopener\">press release<\/a>, Ripple stated that the Securities and Exchange Commission\u2019s strategy of attempting to regulate the cryptocurrency industry through enforcement has proven ineffective.<\/p>\n<p>While Congress is presently progressing with comprehensive legislation for the sector to ensure a bright future for American innovation, competitiveness, and expansion, the United States lags behind other nations that have embraced the asset class and its underlying technology.<\/p>\n<p>Ripple highlighted the critical importance of the 2024 elections for the industry, emphasizing the choice between candidates supporting or hindering technological innovation. It also highlighted the need for leaders who understand and promote policies fostering innovation, consumer protection, and market fairness.<\/p>\n<p>While speaking about the contributing Ripple CEO Brad Garlinghouse said,<\/p>\n<p>\u201cOur 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.\u201d<\/p>\n<p>The exec also added\u00a0that the company as well as the rest of the industry should refuse to remain silent in the face of unelected regulators\u2019 attempts to stifle progress and economic advancement, which millions of Americans benefit from.<\/p>\n<p>The development comes almost six months after Ripple gave $20 million to Fairshake, which has already used $11.3 million for federal elections. This increase in contributions marks a significant rise in the company\u2019s political activity. According to FEC records, the San Francisco-based company had only donated $500,000 during the 2022 election cycle.<\/p>\n<p>Ripple\u2019s contributions make up nearly half of the $100 million-plus raised by Fairshake from major figures in the cryptocurrency sector, including industry giants like Coinbase and Gemini exchanges, venture capital leader Andreessen Horowitz, and asset management powerhouse ARK Invest.<\/p>\n<h2>Ripple-SEC: Legal Showdown<\/h2>\n<p>Ripple has been engaged in a prolonged legal dispute with the US Securities and Exchange Commission (SEC) for several years, following accusations by the regulatory watchdog that the company unlawfully raised $1.3 billion through the sale of XRP, which it deemed an unregistered security.<\/p>\n<p>The SEC recently <a href=\"https:\/\/cryptopotato.com\/important-ripple-v-sec-lawsuit-update-may-21st\/\" target=\"_blank\" rel=\"noopener\">archiviata<\/a> a remedies brief contesting Ripple\u2019s stance on penalties in their ongoing legal dispute. It essentially seeks fines against Ripple despite Judge Torres\u2019 ruling that XRP is not a security in programmatic sales. The blockchain company, on the other hand, argued that fines should not surpass $10 million, citing a lack of fraudulent intent. Both parties await a final ruling.<\/p>\n<p>Il post <a href=\"https:\/\/cryptopotato.com\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\/\">Ripple Escalates Pro-Crypto Advocacy with $25M Fairshake Fund<\/a> \u00e8 apparso per la prima volta su <a href=\"https:\/\/cryptopotato.com\/\">Criptopatate<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ripple has contributed $25 million to the Fairshake super PAC, aligning with an industry-wide effort to advocate for pro-crypto policies and politicians. Ripple\u2019s decision to boost Fairshake\u2019s efforts comes amid its own ongoing legal battle with regulatory bodies like the SEC. The agency\u2019s lawsuit prompted the company to take a more proactive stance in advocating [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2370","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ripple Escalates Pro-Crypto Advocacy with $25M Fairshake Fund - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/it\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Escalates Pro-Crypto Advocacy with $25M Fairshake Fund - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Ripple has contributed $25 million to the Fairshake super PAC, aligning with an industry-wide effort to advocate for pro-crypto policies and politicians. 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The agency\u2019s lawsuit prompted the company to take a more proactive stance in advocating [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/it\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-02T22:10:51+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minuti\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Ripple Escalates Pro-Crypto Advocacy with $25M Fairshake Fund\",\"datePublished\":\"2024-06-02T22:10:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\\\/\"},\"wordCount\":483,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"articleSection\":[\"Feeds\"],\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\\\/\",\"name\":\"Ripple Escalates Pro-Crypto Advocacy with $25M Fairshake Fund - cryptd.in\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\"},\"datePublished\":\"2024-06-02T22:10:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\\\/#breadcrumb\"},\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptd.in\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ripple Escalates Pro-Crypto Advocacy with $25M Fairshake Fund\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"name\":\"cryptd.in\",\"description\":\"Alternative LinkedIn for Crypto-friendly Talents\",\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptd.in\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"it-IT\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\",\"name\":\"cryptd.in\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"width\":900,\"height\":900,\"caption\":\"cryptd.in\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ripple Escalates Pro-Crypto Advocacy with $25M Fairshake Fund - cryptd.in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptd.in\/it\/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund\/","og_locale":"it_IT","og_type":"article","og_title":"Ripple Escalates Pro-Crypto Advocacy with $25M Fairshake Fund - cryptd.in","og_description":"Ripple has contributed $25 million to the Fairshake super PAC, aligning with an industry-wide effort to advocate for pro-crypto policies and politicians. 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