Ripple CEO Brad Garlinghouse, in an interview with 60 Minutes, said that the 2024 election was a “major victory” for crypto as the majority of Fairshake, a crypto political action committee (PAC ), supported the candidates, won their seats.
And this was a non-partisan effort, as crypto, itself is not partisan, he argued, pointing to cross-aisle support for the FIT21 digital asset project.
“Of the 29 Republicans and 33 Democrats that the industry supported in congressional races, 85% won. That’s incredible,” he said.
“We absolutely helped supercharge the candidates with the money in the coffers … It’s absolutely right,” he said, arguing that, like other industries, they took the election cycle as a chance to educate voters.
“Do I think we had an impact to elect a Democratic senator in Michigan – Elissa Slotkin? Yes, absolutely. Do I think we had an impact in Arizona? A Democratic senator in Arizona, Gallego? Absolutely,” he continued.
While Ripple-backed Fairshake was a non-partisan effort, one of the defining moments during the election was Republican candidate Donald Trump. embrace of cryptothat was a transformation from its previous position where he said he was “not a fan”.
“I think it’s clear that Donald Trump has embraced crypto and crypto has embraced Donald Trump,” Garlinghouse said.
