Fairshake Raises $78 Million to Support “Pro-Crypto” Candidates in 2024 US Elections
Fairshake, a political action committee (PAC), has announced that it has raised $78 million to support candidates who are favorable towards cryptocurrencies in the upcoming 2024 US elections. The PAC has received donations from prominent crypto companies and individuals, including Coinbase, Ripple, and Circle, among others. Fairshake aims to promote leaders who can champion innovation and navigate responsible regulation in the digital age.
Ripple CEO Supports Balanced Crypto Regulations
Ripple CEO Brad Garlinghouse expressed his criticism of regulatory overreach in the US and stated that Ripple intends to support candidates advocating for balanced and supportive regulations within the crypto industry. Garlinghouse emphasized the need for leaders who will champion innovation and responsible regulation while endorsing transparency, compliance, and innovation within the industry.
A16z Plans Contributions to Fairshake PAC
Chris Dixon, founder of Andreessen Horowitz (a16z), revealed that the firm plans to make contributions to the Fairshake PAC in 2024. Dixon highlighted the importance of clear rules that support technological innovation while addressing and eliminating bad actors within the industry.
TV Advertising Campaigns Allocated $1.2 Million
The Fairshake PAC has already allocated $1.2 million towards television advertising campaigns in the United States to further their objectives.
Hot Take: Pro-Crypto Super PAC Gains Momentum Ahead of US Elections
Fairshake’s successful fundraising efforts demonstrate growing support for pro-crypto candidates in the forthcoming 2024 US elections. With significant contributions from prominent crypto companies and individuals, including Coinbase, Ripple, and Circle, Fairshake aims to advance leaders who can navigate responsible regulation and promote innovation in the digital age. Ripple CEO Brad Garlinghouse and a16z founder Chris Dixon have both expressed their support for the PAC’s objectives. As the crypto industry continues to gain traction, it is crucial to have leaders who understand its potential and can advocate for balanced regulations that foster transparency, compliance, and technological advancement. Fairshake’s fundraising success sets the stage for a more crypto-friendly political landscape in the future.
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