Ripple Labs' announcement follows a surprising month of Washington wins for crypto firms and investors.
Ripple Labs’ announcement follows a surprising month of Washington wins for crypto firms and investors.
Ripple, which has become a key crypto policy player because of litigation against the SEC, is now the super PAC network’s largest contributor. Other major backers include the crypto exchange Coinbase and the venture capital firm Andreessen Horowitz. The super PAC network — which includes Fairshake, Defend American Jobs and Protect Progress — is among the top-raising outside groups this cycle. It now has more than $75 million in the bank, according to spokesperson Josh Vlasto.for crypto firms and investors. Votes on industry-backed bills revealed stronger-than-expected levels of bipartisan support, including from Senate Majority Leaderand attacking President Joe Biden on the issue.
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