Ripple Ramps Up Political Support for Pro-Crypto Policies in 2024 Election

• Stuart Alderoty confirms Ripple’s support for crypto-friendly policies and policymakers.
• The legal officer’s post comes following CEO Brad Garlinghouse’s advocacy for crypto regulations in the US.
• Alderoty urges the authorities to introduce a new crypto regulatory framework following other global powers.

In a recent development ahead of the US Presidential Election 2024, Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed Ripple’s support for policies and policymakers focused on the nation’s growth. In addition, the lawyer urged the US authorities to introduce a crypto-friendly regulatory framework, aligning with other global powers.

Alderoty’s post came in response to Ripple CEO Brad Garlinghouse’s advocacy for regulatory clarity in the US. Regarding Ripple’s Fairshake investment, Garlinghouse stated, “It’s critical that the US catch up with other leading economies and develop sensible (and CLEAR) rules for crypto.”

Recently, Ripple contributed $25 million to Fairshake, a pro-crypto Political Action Committee, adding to the initial investment of $25 million in 2023. The program focuses on fostering crypto adoption and supporting crypto-friendly Congressional candidates for the upcoming 2024 elections. In his latest post, Alderoty shared insights on the significance of crypto in the 2024 elections. His post read:

“Crypto has emerged as a pivotal issue in the 2024 elections. Ripple will continue to support policies, and policymakers, that move the U.S. forward. We must catch up to other major global centers that have committed to clear rules of the road for the industry.”

Crypto’s pivotal role in the US elections has become a topic of discussion over the past few weeks. Republican Presidential candidate Donald Trump’s acceptance of crypto donations and President Joe Biden’s “stance against crypto” showcase the candidates’ contrasting approaches to cryptocurrencies.

In addition, XRP attorney John Deaton’s political strike against crypto critic Senator Elizabeth Warren had also garnered attention. While Deaton described  himself as the “pro-freedom candidate,” he slammed Warren’s anti-crypto stance as “anti-American.”