Catenaa, Tuesday, December 03, 2024 – Ripple Labs has donated $25 million to Fairshake, a leading pro-crypto super PAC, as it ramps up efforts to influence US legislation ahead of the 2026 midterm elections.
This marks the crypto company’s third $25 million contribution in a year, underscoring its commitment to advancing a pro-innovation agenda on Capitol Hill.
Fairshake, instrumental in the success of crypto-friendly candidates during the 2024 US elections, has already amassed $73 million for the upcoming election cycle.
CEO Brad Garlinghouse emphasized the importance of electing “pro-crypto, pro-growth, and pro-innovation” candidates, calling the donation a strategic move to sustain legislative support for the digital asset industry.
Ripple’s involvement has catalyzed broader funding efforts, with major players like Coinbase and Andreessen Horowitz’s crypto division also contributing significantly.
During the 2024 elections, Fairshake directed over $200 million to candidates, achieving a 90% success rate in their races.
Sri Lanka, where interest in blockchain and cryptocurrency adoption is growing, observes these developments closely. Industry stakeholders anticipate that clearer regulatory frameworks in the US may encourage similar reforms in emerging markets, potentially boosting local fintech ecosystems.
