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$78m Raised by Coinbase and Others to Support Pro-Crypto Super PAC

$78m Raised by Coinbase and Others to Support Pro-Crypto Super PAC

Fairshake Launches Fundraising Campaign to Support Pro-Crypto Leaders

Federal registered super PAC, Fairshake, and its affiliated network have launched an initial fundraising campaign to promote leaders who embrace the transformative potential of the American crypto community. Industry players such as Andreessen Horowitz, ARK, Brian Armstrong, Blockchain Capital, Wences Casares, Circle, Coinbase, and Cameron and Tyler Winklevoss have expressed their support for Fairshake.

Ripple CEO Voices Concerns about Regulatory Overreach

On the same day, Ripple CEO Brad Garlinghouse shared his concerns about regulatory overreach in the US. He stated that Ripple intends to lead the charge with other industry leaders in supporting candidates who advocate for complementary regulation of the crypto industry in the 2024 US election cycle. Garlinghouse emphasized the need for responsible regulation and highlighted how other countries are taking advantage of perceived lack of US leadership.

Advancing Innovation with Responsible Regulation

Garlinghouse stressed the importance of advancing leaders who can champion innovation while navigating responsible regulation. He called for industry initiatives that promote transparency, innovation, and a compliance-first approach. This aligns with a previous message from Ben Horowitz on Dec. 14, stating that all donations will exclusively support candidates aligned with their views and oppose those hindering America’s technological progress.

Hot Take: Fairshake’s Fundraising Campaign Supports Pro-Crypto Leaders

Fairshake, a federally registered super PAC, has launched a fundraising campaign to support leaders who embrace the potential of the American crypto community. Backed by prominent industry players such as Andreessen Horowitz and Coinbase, Fairshake aims to promote complementary regulation of the crypto industry. Ripple CEO Brad Garlinghouse also expressed his concerns about regulatory overreach and vowed to support candidates advocating for responsible regulation in the 2024 US election cycle. Garlinghouse emphasized the importance of US leadership in the global stage and the need to prevent other countries from taking advantage. Fairshake’s initiative aligns with their goal of advancing innovation while maintaining a compliance-first approach.

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$78m Raised by Coinbase and Others to Support Pro-Crypto Super PAC