EddieJayonCrypto

 29 May 24

tl;dr

Ripple has donated $25 million to Fairshake, a federal crypto super PAC, bringing its total contribution to $50 million. This donation, part of an industry-wide effort, aims to support crypto-friendly Congressional candidates and advance policies favorable to financial innovation in the U.S. Ripple ...

Ripple has donated $25 million to Fairshake, a federal crypto super PAC, bringing its total contribution to $50 million. This donation, part of an industry-wide effort, aims to support crypto-friendly Congressional candidates and advance policies favorable to financial innovation in the U.S. Ripple CEO Brad Garlinghouse emphasized the need to educate voters on the role of crypto and to push for a positive regulatory landscape. The move is seen as a response to the SEC's attempt to regulate crypto through enforcement, which Ripple believes has failed.

Ripple has added another $25 million to the coffers of Fairshake, a federal crypto super political action committee (PAC) that’s spending big this election year to support crypto-friendly Congressional candidates. Ripple also made a $25 million donation to Fairshake in 2023, bringing its total contribution to the political action committee (PAC) to a whopping $50 million. Ripple’s donations account for roughly half of the more than $100 million Fairshake has raised from major players in the crypto space, including crypto exchanges Coinbase and Gemini, venture capital firm Andreessen Horowitz and asset manager ARK Invest.

In a Wednesday announcement, Ripple attributed its contribution to Fairshake as “part of an industry-wide effort to advance policies that support the next generation of financial innovation in the U.S.” The announcement specifically discussed the role of federal regulators, saying that the U.S. Securities and Exchange Commission’s (SEC) approach of “trying to regulate crypto by enforcement has failed” and that the U.S. must act now to craft a “positive regulatory landscape” for crypto that will foster innovation.

"Our contributions to Fairshake are just one of the many ways Ripple will actively invest in educating voters on the role crypto will play in the future and the dangers of the anti-crypto stance some policymakers are clinging to in Washington," said Ripple CEO Brad Garlinghouse in a press statement. "Ripple will not – and the crypto industry should not – keep quiet while unelected regulators actively seek to impede innovation and economic growth that millions of Americans utilize. The crypto industry intends to remain heavily invested in this effort until we see meaningful change."

In 2020, the SEC accused Ripple of violating federal securities laws, kicking off a bitter years-long court fight that remains ongoing.

More about Optical Cable Corporation
Optical Cable Corporation Summary

Optical Cable Corporation Summary

Optical Cable Corporation manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company is headquartered in Roanoke, Virginia.

Industry

Manufacturing

Primary Activity

Drawing & Insulating of Nonferrous Wire

Annual Revenue

$22,067,900

Earnings per Share (EPS)

-0.02

Price-to-Earnings Ratio (P/E)

8.76

Dividend Yield

-0.0025

Volume

68,745,000

Market Capitalization

$0

Beta (Volatility)

-0.188

More about Grupo Aeroportuario del Pacifico SAB De CV ADR
Grupo Aeroportuario del Pacífico SAB De CV ADR Summary

Company Overview

Grupo Aeroportuario del Pacífico SAB De CV ADR, also known as Grupo Aeroportuario del Pacífico, develops, manages, and operates airports primarily in the Pacific region of Mexico. The company is headquartered in Guadalajara, Mexico.

Industry

Energy & Transportation

Airports, Flying Fields & Airport Terminal Services

Key Financials

Market Cap: $9.769 billion

Current Price: $16.94

Dividend Yield: 0%

P/E Ratio: 11.37

EPS: $4.558

Beta: 0.288

Revenue: $33.379 billion

Net Income: $187.63 million

ROE: -3.6%

Debt-to-Equity: 0.019

Disclaimer

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