Ripple announced a second $25m donation to the crypto super Political Action Committee (PAC) Fairshake on Wednesday. This contribution supplements the $25m it provided to Fairshake last year.
The company’s donation, alongside contributions from fellow crypto companies and leaders, forms part of a collective industry endeavor to promote policies conducive to the future of financial innovation in the US.
The Fairshake PAC is dedicated to backing pro-crypto and pro-innovation political candidates in the 2024 elections. With a war chest exceeding $102m for the 2024 election cycle, the Fairshake PAC and its associates have garnered significant funds.
These are primarily substantial individual contributions from key figures within the crypto sector. A coalition of crypto enterprises, executives, and investors, among them Coinbase, Andreessen Horowitz, and the Winklevoss twins have contributed to the PAC.
