2024

Million

Ripple Labs has announced a $25 million contribution to the cryptocurrency-focused Fairshake political action committee (PAC).
This latest injection increases Fairshake’s total war chest for the upcoming 2026 congressional elections to $103 million.
<h2 id="ripple-s-support">Ripple’s Support</h2>
The donation follows Fairshake’s influential role in the 2024 elections, where it emerged as the largest PAC of the cycle. According to campaign finance watchdog OpenSecrets, Fairshake raised over <a href="https://cryptopotato.com/crypto-now-boasts-top-super-pac-in-u-s-election-raises-202-million/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">$200 million</a>, contributing significantly to the success of crypto-friendly candidates.
Data <a href="https://www.opensecrets.org/outside-spending/detail/2024?cmte=Fairshake+PAC&amp;tab=targeted_candidates" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">shows </a>that of the 22 congressional candidates receiving $1 million or more from the PAC during the 2024 election cycle, at least 90% won their races.
Ripple CEO Brad Garlinghouse <a href="https://x.com/bgarlinghouse/status/1861418224782581966" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">commented</a> on the development in a post on X, stating:
<blockquote>
 “Electing pro-crypto, pro-growth, and pro-innovation candidates is a no-brainer, and to continue that momentum, Ripple is contributing another $25M to Fairshake. Onwards!”
</blockquote>
He described Fairshake as the most successful bipartisan super PAC in American history.
Chief Legal Officer Stuart Alderoty reaffirmed Ripple’s dedication to the PAC, <a href="https://x.com/s_alderoty/status/1861423507315306589" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">noting </a>that the company had pledged to be a leading supporter of Fairshake from its inception, even before its potential impact became evident. He also emphasized the firm’s determination to remain a strong advocate for innovation in Washington for years.
This is Ripple’s third donation to the fund over the past year. In June, the crypto company gave a similar <a href="https://cryptopotato.com/ripple-escalates-pro-crypto-advocacy-with-25m-fairshake-fund/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">amount</a> to the PAC in preparation for the 2026 mid-term elections.
At the time, Garlinghouse explained that its offerings to Fairshake are part of the company’s broader efforts to actively invest in raising voter awareness about cryptocurrency’s future role.
<h2 id="103-million-war-chest">$103 Million War Chest</h2>
Ripple Labs’ latest contribution follows major donations from two of Fairshake’s other key supporters: the Coinbase crypto exchange and Andreessen Horowitz’s crypto-focused division, a16z. Just two weeks ago, the former offered $25 million, while the latter contributed $23 million to the fund.
Combined with the $30 million carried over from the 2024 cycle, the $73 million Fairshake received from the three donors has pushed the funds in its coffers to $103 million.
In the last election cycle, crypto made giant strides, with more than 260 legislators sympathetic to digital assets elected.&nbsp;Fairshake and two affiliates, Protect Progress and Defend American Jobs, spent nearly <a href="https://cryptopotato.com/crypto-sector-invests-over-238m-in-2024-us-elections-exceeding-oil-and-pharma-report/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">$240 million</a>&nbsp;on more than 50 races, securing victories in an overwhelming&nbsp;<a href="https://cryptopotato.com/majority-win-54-out-of-58-us-candidates-supported-by-crypto-super-pacs-prevail/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">majority</a> of them.
The super PAC is now positioned as an unmatched political force, ready to influence the legislative agenda for the session starting in 2026.
The post <a href="https://cryptopotato.com/ripple-contributes-an-additional-25m-to-pro-crypto-pac-fairshake/" rel="noopener noreferrer nofollow">Ripple Contributes an Additional $25M to Pro-Crypto PAC Fairshake</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Ripple Contributes an Additional $25M to Pro-Crypto PAC Fairshake

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