Ripple Labs Donates $25 Million to Fairshake PAC
Ripple Labs made a significant contribution of $25 million to the Fairshake political action committee (PAC), as announced by CEO Brad Garlinghouse.
Boosting Fairshake’s Fund
- The donation adds to the $78 million previously raised by Fairshake, bringing the total to $103 million.
- Other major contributors include Coinbase with $25 million and a16z with $23 million.
- The fund aims to support pro-crypto candidates in the 2026 midterm elections.
Breaking Records in Political Contributions
The amount donated to Fairshake accounts for over 76% of all money spent on pro-crypto candidates in the recent elections, indicating a potential record-breaking year in 2026.
Positive Impact and Influence
- 48 candidates endorsed by pro-crypto PACs were successfully elected.
- These efforts are increasing the influence of the crypto industry in Washington.
Continued Industry Efforts
Efforts to elect pro-crypto candidates are seen as crucial for industry growth and innovation, with Ripple committing an additional $25 million to Fairshake.
“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!”
Industry leaders emphasize the need for sustained engagement and support for candidates who prioritize American innovation and job creation.
Engagement and Growth
The crypto industry is actively engaging with lawmakers to promote blockchain growth in the US and shape responsible regulation policies.
