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Ripple Drops Another $25M Into Crypto PAC to Sway 2026 Congressional Races

Published

6 месяцев ago

27 ноября, 2024

Ripple Labs has kicked in another $25 million to the cryptocurrency industry’s Fairshake political action committee, one of the most aggressive and high-dollar campaign-finance operations in corporate history.

The super PAC has made an unprecedented head start on the 2026 election cycle. Between Ripple, crypto exchange Coinbase (COIN) and venture capital firm Andreessen Horowitz (a16z), Fairshake has amassed $73 million in fresh commitments. That’s on top of $30 million held over from the 2024 cycle.

The PAC is still awaiting the results in one U.S. congressional contest in the Nov. 5 elections, but Fairshake’s track record includes backing at least 53 members of next year’s Congress.

«Fairshake is the most successful multi-candidate, bipartisan super PAC in American history,» Ripple CEO Brad Garlinghouse posted Tuesday on X (formerly Twitter). «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.»

The $103 million war chest makes Fairshake an unmatched political force to influence the session beginning in 2027, more than two years and a whole congressional cycle from now.

Ripple, Coinbase and a16z made up the vast bulk of resources Fairshake devoted to congressional races in an attempt to ensure pro-digital assets candidates would pass legislation during the session beginning in January. The industry has waited for years for the U.S. government to clarify its rules for this sector, and the resulting uncertainty has left a lot of potential business on the sidelines.

None of the three companies will comment on how decisions are made in the operation of Fairshake, nor how they guide the super PAC’s strategy. But Fairshake’s spokesman, Josh Vlasto, has said the political strategy is a transparent support of crypto advocates from either party who are willing to work across the aisle on legislation.

Each of the three companies has now participated in three rounds of funding for the PAC, each at approximately the same level. The other two had already jumped into the post-election support, and Ripple is now joining them, bringing the company’s overall support to about $73 million.

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Justin Sun Emerges as Donald Trump Memecoin’s Top Holder With $21.9M Stake

Published

1 час ago

21 мая, 2025

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Tron founder Justin Sun said he’s the top holder of the TRUMP memecoin, entitling him to attend a private dinner and a VIP reception with U.S. President Donald Trump this week.

A Solana address apparently associated with Sun holds roughly $21.9 million worth of the TRUMP coin, placing him at the top of the leaderboard in a sweepstakes that rewards the biggest token holders with access to Trump at a golf club near Washington, D.C. The leaderboard appears on a website publicized by Trump on his X account.

Sun is also a backer of World Liberty Financial, the decentralized finance project backed by the Trump family, having invested invested $75 million. The project’s co-founder, Zak Folkman, has credited the Chinese-born crypto billionaire for its success.

The TRUMP token debuted just days before the president’s inauguration in January and was met with criticism from across the crypto industry and elsewhere. Critics pointed to its timing of the launch and its structure, which allocates a large portion of the supply to Trump-affiliated insiders.

Democratic lawmakers, including Sen. Elizabeth Warren and Sen. Richard Blumenthal, have argued that Trump’s crypto effort is eroding ethical norms. They’ve introduced bills to block public officials from launching or endorsing digital assets.

The White House responded to the scrutiny by downplaying it, rejecting allegations of conflicts of interest and framing the criticism as partisan disruption.

Trump’s memecoin, it’s worth noting, saw a major price rise over the event’s announcement. The dinner falls on Bitcoin Pizza Day, which commemorates one of the earliest bitcoin BTC transactions.

TRUMP is trading at $14.40, up 8.3% in the last 24 hours.

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Crypto.com Buys Allnew Investments to Secure MiFID License to Offer Derivatives in Europe

Published

2 часа ago

21 мая, 2025

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Crypto exchange Crypto.com said it bought AN Allnew Investments to gain a license allowing it to offer derivatives across the European Economic Area (EEA).

The Markets in Financial Instruments Directive (MiFID) license was issued to Allnew by the Cyprus Securities and Exchange Commission (CySEC), the exchange said in a website posting. It grants the exchange the right to offer a range of financial products in the 27 nations of the European Union alongside Iceland, Liechtenstein and Norway.

This acquisition bolsters Crypto.com’s presence in Europe. The exchange secured a Markets in Crypto Assets (MiCA) license in January so it could offer crypto custody and exchange services across the EEA. The company declined to say how much it paid for Allnews.

Crypto exchanges have been moving into derivatives to unlock new sources of profit. The company joins rivals including Gemini and Kraken in gaining MiFID licenses to offer derivatives in Europe. Kraken’s license was also obtained through acquisition of the holder. Earlier this month, Coinbase spent $2.9 billion to buy options platform Deribit to strengthen its position in the U.S. derivatives market.