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Ripple Contributes $25 Million to Pro-Crypto Fairshake PAC Ahead of 2026 Midterms

27/11 05:17

Blockchain payments giant Ripple has announced a significant $25 million contribution to the Fairshake Political Action Committee (PAC) to support pro-crypto candidates in upcoming United States elections. This follows Ripple’s earlier $45 million donation to the PAC during the 2024 election cycle.Ripple CEO Brad Garlinghouse confirmed the contribution in a post on X, highlighting the firm’s commitment to electing candidates who are pro-crypto, pro-growth, and pro-innovation.Fairshake PAC’s Growing Influence in US ElectionsFairshake, backed by Ripple, Coinbase, Jump Crypto, and Andreessen Horowitz, played a pivotal role in the 2024 elections. The PAC spent heavily on media buys and other campaign efforts, contributing to victories for many pro-crypto or crypto-neutral candidates. As a result, approximately two-thirds of elected congressional candidates are considered favorable to crypto.The PAC currently holds approximately $103 million to influence the 2026 midterm elections, where it plans to prioritize significant races, such as the Ohio Senate election to unseat Sherrod Brown, a prominent crypto skeptic and Democratic chair of the Senate Banking Committee.Ripple’s Strategic Role in Pro-Crypto AdvocacyRipple’s financial contributions highlight the growing effort of blockchain firms to shape the regulatory landscape in the United States. During the 2024 election cycle, Ripple co-founder Chris Larsen donated $12 million to PACs supporting Kamala Harris, while Garlinghouse voiced support for Donald Trump, who won the presidency and a Republican trifecta in Congress.Crypto Legislation Outlook: The Republican win could prioritize pro-crypto legislation, including bills like the Financial Innovation and Technology for the 21st Century Act and stablecoin regulations. However, Fairshake’s future strategies will depend on how lawmakers handle crypto regulation in the current Congress.Looking Ahead to the 2026 MidtermsThe next US midterm elections on November 3, 2026, will see all 435 House seats and 33 Senate seats up for grabs. With its substantial war chest, Fairshake is expected to remain a key player, channeling resources into pivotal races to ensure a pro-crypto agenda in Congress.Ripple’s sustained advocacy underscores its belief in the transformative potential of blockchain technology and its commitment to driving regulatory clarity in the United States, according to Cointelegraph.

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