Ripple Labs donated $25 million to the Fairshake political action committee (PAC), as announced by CEO Brad Garlinghouse. This donation, in addition to the $78 million raised by Fairshake earlier, brings the total to $103 million. The fund will enhance Fairshake’s contributions in the 2026 midterm elections, with Coinbase pledging $25 million and a16z contributing $23 million.
The remaining $30 million was already available in the fund. This donation is more than 76% of all money spent on pro-crypto candidates in this year’s elections, surpassed only by fossil fuel interest in political contributions. The amount gathered by Fairshake suggests that investments in pro-crypto politicians could break a new record in 2026.
The pro-crypto PAC, along with Protect Progress and Defend American Jobs, is part of a “super PAC” rivaling traditional heavyweights like Koch Industries and Chevron in size. The investments have had a positive result, with 48 candidates endorsed by pro-crypto PACs elected this year. The immediate wins from these efforts are building increased influence for the crypto industry in Washington and could prompt other sectors to adopt similar strategies.
Garlinghouse stated, “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!”
This statement aligns with political analysts like Peter Loge, a public affairs professor at George Washington University.
Loge emphasized the need for sustained engagement, campaign after campaign. Additionally, Coinbase CEO Brian Armstrong recently said that anti-crypto stances may prove costly, with this year’s election results sending a clear message to Washington. A Fairshake spokesperson said in a Nov. 4 statement, “We have seen a transformational shift in how both parties look at crypto and blockchain.
We look forward to continuing our strategy of supporting candidates on both sides of the aisle who believe in advancing American innovation, creating jobs, and working together to pass responsible regulation.”
The crypto firms donating to the pro-crypto PAC are also keen to engage with lawmakers to foster blockchain growth in the US.
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