Pro-Crypto PAC Raises $103M for 2026 Midterm Elections

Ripple Labs contributed $25 million to Fairshake PAC, boosting its total funds to $103 million for the 2026 midterm elections. The PAC, supported by Coinbase and a16z, aims to endorse pro-crypto candidates. This significant amount surpasses contributions to pro-crypto candidates in this year's elections, highlighting growing support for the crypto industry. The success of pro-crypto PACs in electing 48 candidates this year demonstrates their increasing influence in Washington. Political analysts emphasize the importance of sustained engagement to advance crypto-friendly policies. The donations from crypto firms not only support political campaigns but also aim to foster blockchain growth in the US. Additionally, corporate investments in Bitcoin and Ethereum signal growing confidence in crypto as a hedge against economic challenges. Various initiatives, such as the Trump family-backed platform and the potential XRP ETF by WisdomTree, indicate a positive outlook for the crypto market. CryptoSlate provides in-depth coverage of key developments in the crypto industry, offering valuable insights for investors. Read more AI-generated news on: https://app.chaingpt.org/news