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Ripple Pledges $25 Million to Support Campaigns of Pro-Crypto Leaders

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  • Brad Garlinghouse draws attention to Ripple’s choice to support political campaigns led by crypto-friendly politicians.
  • Senator Warren’s anti-crime bill receives criticism from the Digital Chamber of Commerce.
  • John Deaton, an attorney for XRP, confronts Senator Elizabeth Warren and launches an offensive against her.

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In a recent interview with Bloomberg Crypto, Brad Garlinghouse, the CEO of Ripple, emphasized the importance of supporting political campaigns that support cryptocurrency. Ripple, Andreessen Horowitz, and Coinbase have contributed $25 million to support candidates who “promote constructive regulation and engagement,” according to Garlinghouse.

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According to a recent report, cryptocurrency exchanges such as Coinbase have reportedly reduced their advertising spending in favor of leaders who comprehend the true purpose and value of cryptocurrencies. The CEO of Ripple noted that the majority of American leaders are currently unaware of the nature of cryptocurrencies. He mentioned,

I think for a lot of politicians, crypto has become a sound bite where they really don’t understand how crypto works. And they say things that actually don’t even back up with facts.

The crypto community has harshly criticized Senator Elizabeth Warren’s anti-crime legislation, per a recent Bloomberg report. The Digital Chamber of Commerce declared on Tuesday that Warren’s legislation is “unworkable.” The bill requires identity verification from cryptocurrency miners in order to validate transactions.

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The founder and CEO of the Digital Chamber of Commerce, Perianne Boring, claimed in a letter to the chairman of the Senate Banking Committee that the bill had shortcomings that would negatively affect the country’s commercial industry. He said,

This bill, if passed, will erase hundreds of billions of dollars in value for American startups and decimate the savings of countless Americans legally invested in this asset class.

In a similar development, XRP attorney John Deaton shared a video challenging Senator Warren, announcing a campaign against Senator Warren while she prepares to secure her position. Deaton remarked, “She [Senator Warren] gives lectures and plays politics and gets nothing done for Massachusetts.”CRYPTOCASTER® - DECENTRALIZED FREEDOM!


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