Ripple has highlighted the 2024 US election as a crucial juncture for the crypto industry, according to a May 29 statement.In response, the company has donated $25 million to Fairshake, a federal super PAC that backs pro-crypto and pro-innovation candidates. This contribution raises Ripple’s total donation to the committee to $50 million.Notably, Fairshake has attracted funding from prominent crypto industry players, including Coinbase, Gemini, and venture capital firm Andreessen Horowitz.Crypto educationRipple criticized the Securities and Exchange Commission’s (SEC) enforcement-focused approach to the emerging industry, arguing that it has been ineffective.The company highlighted that while Congress is making strides toward comprehensive crypto legislation, the US still trails behind other nations with more supportive regulatory frameworks.As a result, Ripple CEO Brad Garlinghouse said the company was donating to initiatives that educate voters about the future role of crypto and the risks posed by anti-crypto policymakers. He stated:“Ripple will not – and the crypto industry should not – keep quiet while unelected regulators actively seek to impede innovation and economic growth that millions of Americans utilize. The crypto industry intends to remain heavily invested in this effort until we see meaningful change.”Meanwhile, a recent Grayscale survey reveals a growing pro-crypto sentiment among Americans, driven by significant macroeconomic developments and the sector’s maturation.According to the survey, approximately 47% of American voters plan to include crypto in their investment portfolios. Additionally, about 32% of voters expressed increased interest in learning about crypto as an investment.The survey also noted a heightened focus on Bitcoin, spurred by critical events such as the spot Bitcoin ETF approval in January and the April Bitcoin halving event.Grayscale concluded that the survey showed that policymakers and candidates running in the 2024 election must address crypto in their policies due to its growing importance.Oluwapelumi values Bitcoin’s potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change. Stay ahead with crypto’s key news and insights. Delivered directly, every day.Courts dismissed the case without prejudice, leaving Musk an option to refile the case at a later date.The S-1 filing follows the SEC’s approval of NYSE Arca’s proposed rule change on behalf of ProShares.Rob Marrocco believes crypto ETFs beyond Bitcoin and Ethereum are unlikely without first establishing a futures market or changing regulation.Ripple said Standard Custody CEO Jack McDonald would help the firm achieve its USD-backed stablecoin plans.Ripple said Standard Custody CEO Jack McDonald would help the firm achieve its USD-backed stablecoin plans.Exploring the unique token standards of Ethereum, Solana, BNB, and XRP for digital asset innovation.The SEC argued that the information Ripple is looking to conceal ought to be made public.Ripple’s CLO Stuary Alderoty said the SEC filing was baseless.CryptoSlate’s latest market report dives deep into the effects corporate Bitcoin purchases have on the market.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
