Overview
In a recent interview with 60 Minutes, Ripple's CEO Brad Garlinghouse declared the 2024 election a "major victory" for the cryptocurrency space. This victory was noted as a bi-partisan success with the support of crypto PAC Fairshake, which endorsed both Republican and Democratic candidates.
Key Takeaways
- The crypto political action committee (PAC) Fairshake successfully supported candidates who won their elections. Both Republicans and Democrats expressed strong support for the digital assets industry.
- Garlinghouse stated, "Of the 29 Republicans and 33 Democrats the industry backed in congressional races, 85% won. It’s incredible."
- He emphasized that this non-partisan effort reflected a broader acceptance of crypto across political lines.
Brad Garlinghouse, CEO of Ripple, speaks at Consensus 2024. (Shutterstock/CoinDesk)
Garylinghouse highlighted the significant impact of financial contributions on candidate campaigns, stating, "We absolutely helped supercharge the candidates with the money in the coffers… That’s absolutely right."
In his discussion, he acknowledged the influence of notable candidates like Elissa Slotkin and Ruben Gallego, indicating a direct correlation between crypto support and their electoral victories. He also commented on Donald Trump’s shifted stance toward crypto, saying, "I think it’s clear that Donald Trump embraced crypto and crypto embraced Donald Trump."
This overall narrative points to a pivotal shift in the political landscape regarding cryptocurrency, fueled by a strong collaborative effort from the industry.
