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Ripple CEO Brad Garlinghouse recently shared his views on the cryptocurrency industry’s growing influence on US politics, and stated that crypto did have an influence in the US elections. He added that this election was a major victory for the crypto industry as well, as he talked about the future of Ripple(XRP) and crypto. When asked if, some people will look at that and say, “You teamed up and bought an election”, Garlinghouse responded, “At the end of the day, voters voted. We– we– we educated voters, as many industries do, about candidates.” Garlinghouse, thus, defended the industry’s PAC as a legitimate strategy to push for clearer regulatory frameworks. Crypto made its debut on @60Minutes tonight – there’s no doubt that these technologies will continue to become more and more mainstream – with influence and reach that will only continue to grow. A few things I do want to comment on after watching: I spoke with Margaret… — Brad Garlinghouse (@bgarlinghouse) December 9, 2024 Ripple CEO on Crypto’s Political Investments Garlinghouse emphasized the substantial political contributions made by crypto companies, including Ripple, in the 2024 election cycle. Together with other firms, Ripple contributed $144 million to super PACs backing candidates with pro-crypto stances. This investment yielded notable success, with 85% of the candidates supported by the industry winning their races. He brought to fore victories such as the election of Democratic senators Elissa Slotkin in Michigan and Ruben Gallego in Arizona, attributing their success partly to crypto-backed campaigns.  Ripple‘s SEC Lawsuit Garlinghouse also spoke on Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Speaking on SEC’s allegations that Ripple’s sale of XRP includes an unregistered securities offering, Garlinghouse revealed that Ripple has spent over $150 million defending itself, arguing that XRP should not be classified as…

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Filed under: News - @ December 9, 2024 5:22 am