Ripple Invests Another $25 Million in Crypto-Friendly PAC Fairshake

Ripple, the blockchain and payments company, has donated an additional $25 million to Fairshake, a crypto-focused super political action committee (PAC) that supports pro-crypto Congressional candidates. This brings Ripple's total contribution to Fairshake to $50 million. The move is part of the crypto industry's effort to influence the upcoming 2024 elections and elect crypto-friendly candidates. Ripple's donation comes amidst its ongoing legal battle with the SEC over alleged securities violations. Ripple believes that regulation by enforcement has failed and calls for a positive regulatory landscape for crypto innovation.