- Ripple’s CEO, Brad Garlinghouse, is focusing on the U.S. Midterm elections and supporting the pro-crypto PAC ‘Fairshake’.
- Ripple announced another $25 million donation to the PAC, making a total of $98 million since 2023.
- The recent market correction has impacted XRP, but it remains bullish with significant gains over the past month.
Despite just coming off an election period — Ripple CEO Brad Garlinghouse already has eyes on the U.S. Midterm elections in two years.
Just today, Garlinghouse went on Twitter to praise the pro-crypto super PAC ‘Fairshake’, for their efforts of creating a bipartisan movement that helps elect candidates who favor innovation in the digital assets sector.
Following the praise, the Ripple CEO announced that the crypto company would be donating another $25 million to the PAC. Since 2023 — the company has been one of the most active funders of the PAC in the cryptocurrency sector.
Over the last few years, Ripple has been heavily contributing to the PAC with multi-million dollar donations. At first, all eyes were on the presidential race, but now, Ripple is endorsing the PAC to elect pro-crypto candidates during the midterms.
Today’s donation marks the fourth-ever donation to Fairshake. In total, Ripple has already contributed 98 million dollars to the super PAC.
XRP Daily Breakdown
November 25-26 hasn’t been the kindest of days for the cryptocurrency market. The $100,000 Bitcoin dream was postponed for later, as nearly all of the entire cryptocurrency market experienced a correction.
The story was no different for XRP, which saw its value-per-token decline from $1,52 to $1,40 over the past two days. Over the last 24 hours, the asset lost around 2.30% of its value as it fights to retain its dollar-and-forty level.
A couple of days ago we mentioned how the cryptocurrency market as a whole was reaching ‘extreme greed’ levels, and that sentiment was proven true as investors finally took some profits after an extremely bullish month.
However, XRP is still bullish on a larger scale. Despite the recent retraction, the asset is still up by 29% over the week, and 172% over the last 30 days, according to CoinMarketCap.
