News - XRP in bull mode: how Ripple CEO wants to achieve pro-crypto policies
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Ripple CEO Brad Garlinghouse has donated $25 million to the "Super PAC" Fairshake, reinforcing his strategy and further boosting the XRP stock price.
Ripple benefited significantly from the Republican election victory: the price of XRP rose by as much as 180% since Trump's victory. However, in the U.S., after the election, it is time to look forward. To keep the momentum going, Ripple Labs donated $25 million to the Super PAC Fairshake, a lobby group (PAC stands for "Political Action Committee") that represents the interests of the crypto industry in Washington, D.C.
Although the announcement of the resignation of SEC chief Gary Gensler - a known opponent of crypto - was met with enthusiasm by the crypto community, Ripple's CEO is taking additional steps. For many crypto companies, Gensler's departure marks a turning point, and Ripple is at the forefront of efforts to achieve lasting pro-crypto change.
In a recent post on X, Brad Garlinghouse wrote:
"Fairshake is the most successful bipartisan Super PAC in U.S. history. Electing candidates who support crypto, growth and innovation is a logical step."
Fairshake is the most successful multi-candidate, bipartisan Super PAC in American history.
— Brad Garlinghouse (@bgarlinghouse) November 26, 2024
Electing pro-crypto, pro-growth and pro-innovation candidates is a no-brainer, and to continue that momentum, Ripple is contributing another $25M to Fairshake. Onwards!
Ripple's renewed multi-million donation reflects its intention to capitalize on the current positive momentum for crypto.
Super PACs are special U.S. lobbying organizations that can raise unlimited funds and use them openly to support or oppose political candidates. For the last presidential election, Fairshake collected $204 million in donations, nearly half of which came from major corporations such as Ripple and Coinbase. For the 2026 Congressional elections, the Super PAC already has $103 million in its coffers, intended to ensure a long-term pro-crypto rate with both parties.