Ripple backs crypto super PAC with a second donation of $25M

Ripple has now donated more than $45 million to crypto super PACs since December 2023, FEC filings show

article-image

PixelChoice/Shutterstock and Adobe modified by Blockworks

share

Ripple has donated $25 million to crypto-focused super political action committee (PAC) Fairshake.

The sum follows a $20 million donation Ripple made to Fairshake in December 2023. 

Crypto exchange Coinbase was Fairshake’s largest contributor in 2023, donating a total of $46.5 million under the company’s name, according to Federal Election Commission filings. 

“Our contributions to Fairshake are just one of the many ways Ripple will actively invest in educating voters on the role crypto will play in the future and the dangers of the anti-crypto stance some policymakers are clinging to in Washington,” Ripple CEO Brad Garlinghouse said in a statement Wednesday. 

Read more: Crypto PAC-backed candidates sweep in US election primaries 

Ripple in 2023 also donated $1.5 million to both of Fairshake’s associated super PACs, Protect Progress and Defend American Jobs, FEC filings show. 

Between January 2023 and April 2024, Fairshake spent more than $11 million on federal election campaigns, most notably shelling out $10 million to oppose California Democrat Katie Porter’s bid for a US Senate seat. Porter lost in the March primary to Rep. Adam Schiff, D-CA, who will face Republican Steve Garvey in November. 

Protect Progress spent around $1.7 million between the end of January and the end of February supporting newcomer Shomari Figures, who successfully advanced through the primaries and is running for a US House seat in Alabama’s second district. 

Read more: Coinbase, a16z boost super PAC donations as US Senate races intensify

Fairshake has also supported Congressional crypto advocates, including Reps. Tom Emmer, R-Minn., Josh Gottheimer, D-N.J., and Dusty Johnson, R-S.D. 

Ripple’s latest donation announcement comes as the crypto industry continues its attempts to increase its influence in Washington. 

Earlier this month, Coinbase-initiated nonprofit Stand With Crypto launched its own PAC. Stand With Crypto has not yet published contribution or distribution filings with the FEC, but as an associated PAC, only individual Stand With Crypto members can contribute up to $5,000 each. 

“Ripple will not — and the crypto industry should not — keep quiet while unelected regulators actively seek to impede innovation and economic growth that millions of Americans utilize,” Garlinghouse added. “The crypto industry intends to remain heavily invested in this effort until we see meaningful change.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (11).png

Research

Union’s technical design brings measured improvements to crosschain interoperability. By combining a consensus-verified hub with novel constructs like state lenses and ZK proofs for client updates, Union achieves an interoperability protocol that is highly performant, trust-minimized, and scalable.

article-image

Crypto finds fundamentals, Chanos books profits and prediction markets make trouble

article-image

The token has crashed over 65% and been marked as dangerous due to its contract’s permissions

article-image

FOMC July minutes may hold the key to Powell’s speech tomorrow

article-image

Singapore’s largest bank is issuing crypto-linked structured notes on Ethereum, but the tokens will remain permissioned

article-image

Jupiter borrows Fluid’s innovative risk engine