Ripple Donates Another $25M To Fairshake Super PAC: A Pro-Crypto Initiative
In a recent X post, Ripple CEO Brad Garlinghouse revealed that Ripple will donate an additional $25 million to Fairshake, noting that Fairshake is the most successful multi-candidate, two-party candidate in U.S. history. Party super PAC.
“Electing pro-crypto, pro-growth, and pro-innovation candidates is a no-brainer, and to continue this momentum, Ripple will donate an additional $25 million to Fairshake. Go ahead!” he shared.
Ripple CLO reaction
Ripple CLO Stuart Alderoty also responded to Brad’s post. He emphasized that Ripple has been committed to being a top supporter of Fairshake since its inception, before people knew what impact it might have. He revealed that this was their third contribution in as many years to the most successful PAC in U.S. history. “Innovation will continue, and we will remain a strong force in Washington, D.C., for years to come,” he noted.
Notably, Ripple donated $45 million to the PAC ahead of the 2024 election, making it one of Fairshake’s largest donors, alongside Coinbase, Jump Crypto, and Andreessen Horowitz.
Super PACs’ huge momentum
Bipartisan super PACs have become a major force in American politics. Pro-cryptocurrency PACs gained significant momentum in the wake of the recently concluded US election. Fairshake has spent more than $130 million on more than 50 congressional races, a move that is paying off as the United States is about to have its most pro-crypto Congress ever.
The Ohio Senate race between pro-cryptocurrency Bernie Moreno and anti-cryptocurrency Sherrod Brown, which the former won, is the most high-profile of these congressional races in which Fairshake has been involved One game.
First crypto-specific role in White House
Under the Trump administration, the crypto czar position will be the first White House position dedicated solely to cryptocurrencies. Key figures including Coinbase CEO Brian Armstrong and former Coinbase executive Brian Brooks have reportedly met with Trump to discuss cryptocurrency policy. Cardano founder Charles Hoskinson pushed Coinbase CEO Brian Armstrong for the position. Brad Garlinghouse has also emerged as a potential candidate for the role of cryptocurrency czar.
The launch of this stance, which aims to centralize cryptocurrency policy, has investors speculating about possible massive price swings in the cryptocurrency market.
