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- Ripple CTO David Schwartz invites the community to the upcoming Consensus2024 event.
- Ripple has labeled the 2024 US elections as the most significant in crypto history.
- Ripple donates $25 million to Fairshake for lobbying efforts.
Discover Ripple’s upcoming product announcements and their strategic moves ahead of the 2024 US elections.
Ripple CTO to Unveil Major Product at Consensus2024
David Schwartz, Ripple’s Chief Technology Officer and one of the founders of the XRP Ledger, has announced his participation in the upcoming Consensus2024 event hosted by CoinDesk. During this event, Schwartz plans to reveal Ripple’s vision and roadmap for institutional DeFi on the XRP Ledger. Although specific details remain under wraps, Schwartz will discuss these plans alongside Phil Kwok, co-founder of the EasyA application.
David Schwartz’s XRP Holdings
David Schwartz recently disclosed details about his crypto portfolio, putting an end to various speculations. He revealed that his largest holding includes approximately 26 million XRP. Schwartz admitted to selling Bitcoin to purchase more XRP and Ethereum. However, he emphasized that he has never sold XRP to buy other cryptocurrencies, except for some unusual purposes.
Ripple Donates $25 Million to Fairshake
Ripple has announced a $25 million contribution to the federal super political action committee (PAC) Fairshake. This donation aims to support crypto-friendly political candidates during the 2024 US elections. This contribution is in addition to the $25 million Ripple donated to Fairshake last year. Ripple stated:
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The Securities and Exchange Commission’s approach to regulating crypto through enforcement has failed. The time for the US to act is now. Ripple is proud to invest in this effort and contribute to shaping a positive regulatory environment in the US.
The Most Important Election in Crypto History
According to Ripple, the 2024 elections will be the most important in crypto history, as candidates with the potential to influence future financial and technological innovations will be competing. Ripple CEO Brad Garlinghouse highlighted:
While unelected regulators actively attempt to stifle innovation and economic growth that benefits millions of Americans, Ripple will not remain silent, nor should the crypto industry. The crypto industry aims to continue investing heavily in this effort until meaningful change is achieved.
As reported by CoinOtag, Ripple has been battling the SEC in court for years, following accusations that the company raised $1.3 billion through the sale of XRP, which the regulatory body considers an unregistered security.
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