Ripple Invests Another $25 Million in Fairshake to Push for Pro-Crypto Policies in the US

• Ripple Contributes $25M to Fairshake PAC
• Fairshake Supports Pro-Crypto Candidates in the US
• Upcoming elections could influence crypto regulation

Leading blockchain payments company Ripple announced on November 26 a contribution adicional Ripple has donated $25 million to Fairshake, a political action committee (PAC) focused on promoting pro-cryptocurrency candidates in the United States. This donation brings Ripple’s total contributions to Fairshake to $50 million, cementing its position as one of the PAC’s top funders alongside companies like Coinbase, Jump Crypto and Andreessen Horowitz.

Fairshake is the most successful multi-candidate, bipartisan Super PAC in American history.

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!

— Brad Garlinghouse (@bgarlinghouse) November 26, 2024

Ripple CEO Brad Garlinghouse stressed that the company is committed to supporting candidates who advocate for policies that support innovation and economic growth. He said Ripple will continue to actively invest in educating voters about the role of cryptocurrencies in the future and the dangers of anti-crypto stances taken by some policymakers in Washington.

Fairshake, which supports candidates from both parties, played a significant role in the 2024 elections, with roughly two-thirds of the candidates the PAC supports being elected to the next Congress. The committee currently has about $103 million in cash earmarked for the 2026 election cycle.

In the November elections, Republicans won the presidency and majorities in the Senate and House of Representatives, marking the first time since 2017 that the party achieved such a trifecta. This change in the political landscape could influence legislation related to cryptocurrencies, with the possibility of prioritizing bills such as the Financial Innovation and Technology for the 21st Century Act and legislation on stablecoins.

Fairshake has already demonstrated its willingness to invest significantly in campaigning, as evidenced by the $10 million it spent to block the Senate bid of Democratic Congresswoman Katie Porter, who is known for her critical stance on cryptocurrencies. In future election cycles, the PAC plans to continue supporting candidates who promote a positive regulatory environment for the crypto sector.

The next midterm election in the US is scheduled for November 3, 2026, when all 435 seats in the House of Representatives and 33 in the Senate will be up for grabs. The continued involvement of companies like Ripple in supporting pro-crypto candidates indicates an ongoing effort to shape the regulatory future of cryptocurrencies in the United States.