Ripple Drops Another $25M Into Crypto PAC to Sway 2026 Congressional Races

From
Ripple,
Coinbase
and
a16z,
Fairshake
has
amassed
$73
million
in
campaign
funds
for
the
next
election
cycle,
on
top
of
$30
million
held
over
from
2024.

Nov
27,
2024,
12:41 a.m.

Ripple
Labs
has

kicked
in
another
$25
million
to
the
cryptocurrency
industry’s
Fairshake
political
action
committee,
one
of
the
most
aggressive
and
high-dollar
campaign-finance
operations
in
corporate
history.

The
super
PAC
has
made
an
unprecedented
head
start
on
the
2026
election
cycle.
Between
Ripple,
crypto
exchange
Coinbase
(COIN)
and
venture
capital
firm
Andreessen
Horowitz
(a16z),
Fairshake
has
amassed
$73
million
in
fresh
commitments.
That’s
on
top
of
$30
million
held
over
from
the
2024
cycle.

The
PAC
is
still
awaiting
the
results
in
one
U.S.
congressional
contest
in
the
Nov.
5
elections,
but
Fairshake’s
track
record
includes
backing
at
least
53
members
of
next
year’s
Congress.

“Fairshake
is
the
most
successful
multi-candidate,
bipartisan
super
PAC
in
American
history,”
Ripple
CEO
Brad
Garlinghouse
posted
Tuesday
on
X
(formerly
Twitter).
“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.”

The
$103
million
war
chest
makes
Fairshake
an
unmatched
political
force
to
influence
the
session
beginning
in
2027,
more
than
two
years
and
a
whole
congressional
cycle
from
now.

Ripple,
Coinbase
and
a16z
made
up
the
vast
bulk
of
resources
Fairshake
devoted
to
congressional
races
in
an
attempt
to
ensure
pro-digital
assets
candidates
would
pass
legislation
during
the
session
beginning
in
January.
The
industry
has
waited
for
years
for
the
U.S.
government
to
clarify
its
rules
for
this
sector,
and
the
resulting
uncertainty
has
left
a
lot
of
potential
business
on
the
sidelines.

None
of
the
three
companies

will
comment
on
how
decisions
are
made
in
the
operation
of
Fairshake,
nor
how
they
guide
the
super
PAC’s
strategy.
But
Fairshake’s
spokesman,
Josh
Vlasto,
has
said
the
political
strategy
is
a
transparent
support
of
crypto
advocates
from
either
party
who
are
willing
to
work
across
the
aisle
on
legislation.

Each
of
the
three
companies
has
now
participated
in
three
rounds
of
funding
for
the
PAC,
each
at
approximately
the
same
level.
The
other
two
had
already
jumped
into
the
post-election
support,
and
Ripple
is
now
joining
them,
bringing
the
company’s
overall
support
to
about
$73
million.