CEO Garlinghouse vows to commit $25 million annually.
CEO Brad Garlinghouse tells Axios the donation was made with an eye on moving the crypto sentiment needle back to somewhere near neutral, or better."This isn't a one-time thing," Garlinghouse says, vowing to give Fairshake $25 million annually, as long as there are crypto naysayers slandering the industry.Large, profitable crypto companies have been throwing their weight around, driving crypto-friendly legislation and candidates that support them, to the fore.
Garlinghouse says it's pushing back, doing "what has become necessary to combat the megaphone that is Elizabeth Warren and to some degree, Gary Gensler."Garlinghouse speaks highly of Fairshake, saying that "the smartest thing" it did was become a single-issue PAC. "In some of the primaries, had an impact, because this is an issue that people are passionate about," he says.Following Ripple's donation Fairshake's warchest is now at more than $110 million, according to the spokesperson for the PAC."I haven't decided who I'm going to support at the presidential level," but he said that there will be plenty of people who switch their votes on the crypto issue.
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