Crypto Super PAC Network Raises $78 Million to Influence 2024 Election

Ripple CEO Brad Garlinghouse, the Winklevoss twins, and Coinbase CEO Brian Armstrong have joined forces to support pro-crypto presidential candidates in the 2024 elections. They have pledged $78 million to the Fairshake political action committee (PAC), aiming to shape a political environment favorable to the crypto industry amidst growing regulatory challenges. The PAC has already spent over $1.2 million on television advertising and seeks to elect leaders who foster a balanced regulatory environment, encouraging innovation while ensuring consumer protection. This united front of industry heavyweights aims to counterbalance the influence of traditional financial institutions and big tech companies and unleash the full potential of blockchain technology.