Coin Edition -
- Brad Garlinghouse highlights Ripple’s decision to promote campaigns for crypto-friendly political leaders.
- The Digital Chamber of Commerce chastises Senator Warren’s anti-crime bill.
- XRP attorney John Deaton challenges Senator Elizabeth Warren, introducing a campaign against her.
In a recent interview with Bloomberg Crypto, Ripple CEO Brad Garlinghouse asserted the necessity of promoting campaigns for crypto-friendly political leaders. According to Garlinghouse, Ripple, Andreessen Horowitz, and Coinbase (NASDAQ:COIN) have put $25 million to support candidates who “promote constructive regulation and engagement.”
A recent report revealed that crypto exchanges like Coinbase have reportedly stepped back from investing in advertisements, promoting leaders who understand the real meaning and utility of cryptocurrencies. Ripple’s CEO observed that the United States’ current condition where most leaders are ignorant of the nature of cryptocurrencies. He cited,
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.
According to a recent Bloomberg report, the crypto community has severely chastised Senator Elizabeth Warren’s anti-crime legislation. On Tuesday, the Digital Chamber of Commerce asserted that Warren’s bill is “unworkable.” The bill necessitates crypto miners to verify their identity to validate transactions.
Perianne Boring, founder and chief executive of the Digital Chamber of Commerce, wrote a letter to the Senate Banking Committee Chairman, asserting the flaws of the bill that could adversely impact the commercial sector of the U.S. He stated,
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.”
The post Ripple Invests $25 Million in Campaign to Promote Crypto-Friendly Leaders appeared first on Coin Edition.