Posted 12/18/2023, 2:12:54 PM
Crypto Firms Launch PAC to Support Pro-Crypto Candidates
- Ripple, Coinbase, a16z pledge $78M to Fairshake PAC to support pro-crypto candidates in 2024 US elections
- Ripple CEO Brad Garlinghouse condemns regulatory overreach, says US taking back seat on global crypto stage
- Coinbase, Kraken, Circle, Tyler and Cameron Winklevoss also contribute to PAC's "war chest"
- PAC aims to elect leaders supporting thoughtful crypto regulation, consumer protection
- Comes amid SEC crackdown on crypto firms; a16z founder says PAC will advance "clear rules of the road"