On December 18, Fairshake, a federally registered super PAC, initiated its inaugural fundraising drive, supported by a network of affiliates. The super PAC is committed to endorsing leaders who recognize the transformative potential of the American crypto community. Among its backers are influential industry players such as Andreessen Horowitz, ARK, Brian Armstrong, Blockchain Capital, Wences Casares, Circle, Coinbase, and Cameron and Tyler Winklevoss.
Simultaneously, Ripple CEO Brad Garlinghouse expressed apprehensions about regulatory overreach in the United States on X. Garlinghouse outlined Ripple's intention to spearhead a collaborative effort with other industry leaders to support candidates who advocate for balanced regulation within the crypto space in 2024.
Garlinghouse raised concerns about potential regulatory excess, particularly from the SEC, emphasizing the crucial need for the U.S. to avoid heading in the wrong direction. He underscored the advantage other countries are gaining due to the perceived lack of U.S. leadership and urged the promotion of leaders capable of championing innovation while navigating responsible regulation. Additionally, Garlinghouse emphasized the importance of industry initiatives that prioritize transparency, innovation, and a compliance-first approach.
This echoes a sentiment shared earlier on December 14 by Ben Horowitz, who mentioned that all contributions would exclusively back candidates aligned with their perspectives and oppose those aiming to impede America's technological progress.
