Brad Garlinghouse, the CEO of Ripple, emphasized the importance of supporting crypto-friendly political candidates in a recent Bloomberg Crypto interview. 📺
He specifically called out Senator Elizabeth Warren’s anti-crypto legislation, which the Digital Chamber of Commerce has labeled “unworkable.” XRP attorney John Deaton has even launched a campaign against Warren, criticizing her for inefficacy and political posturing at the expense of Massachusetts’ interests.
This move comes as crypto exchanges, like Coinbase ($COIN), dial back on direct advertisements, focusing instead on enlightening leaders about crypto’s potential. Garlinghouse critiqued the general misunderstanding of crypto among politicians, pointing out the unfounded criticisms. With Ripple ($XRP), Andreessen Horowitz, and Coinbase pooling $25 million for the cause, the initiative aims to foster a regulatory environment conducive to crypto. 🗣️