As an analyst with over two decades of experience in the financial sector, I have witnessed the evolution of technology and its impact on various industries, including payments, banking, and now, cryptocurrencies. The recent announcement by Ripple, a significant player in the blockchain payments industry, to contribute $25 million to Fairshake PAC for the 2026 US elections is an interesting development that underscores the growing influence of the crypto industry on political landscape.
Ripple, a prominent supporter of the political action committee (PAC) Fairshake, has declared another substantial donation towards initiatives aimed at shaping U.S. election outcomes.
According to a post on November 26th by Ripple’s CEO, Brad Garlinghouse, the company intends to donate $25 million to Fairshake for supporting candidates who are pro-cryptocurrency, pro-economic growth, and pro-innovation in upcoming US elections.
In a significant move, Ripple contributed a substantial sum of $45 million to the PAC prior to the 2024 elections, placing them among Fairshake’s top benefactors, alongside other notable contributors such as cryptocurrency exchange Coinbase, Jump Crypto, and Andreessen Horowitz.
A representative from Fairshake verified to CryptoMoon that the Political Action Committee (PAC) held approximately $103 million for the 2026 U.S. election season. This crypto-supported PAC was among the top spenders during the 2024 primaries and general election, with around two-thirds of the newly elected Congress members being advocates for pro-crypto policies.
The Political Action Committee (PAC) declares it backs candidates from across the political spectrum. Yet, the November U.S. election saw Republicans securing the presidency along with majorities in both the Senate and House of Representatives – a “trifecta” that the party last achieved in 2017.
What’s next for the crypto industry influencing US elections?
The implications of this Republican victory on cryptocurrency regulations remain uncertain. Some experts predict that the upcoming Congress might focus on bills such as the Financial Innovation and Technology for the 21st Century Act and regulations concerning stablecoins.
In 2025 and 2026, Fairshake’s actions might hinge on how US Congress members in the new term approach cryptocurrency regulations and legislations. Notably, this Political Action Committee (PAC) has expressed its readiness to invest millions of dollars in the 2024 Ohio Senate race with the objective of replacing Sherrod Brown, a vocal critic of crypto and current Democratic chair of the Senate Banking Committee.
In the lead-up to the 2024 elections, Garlinghouse didn’t seem to offer direct financial support to Donald Trump’s presidential campaign or pro-Trump political action committees. However, he did express opinions suggesting that as a Republican, Trump would enhance the status of cryptocurrency in the United States by promoting its growth and development.
Contrasting with Ripple‘s co-founder and current executive chairman, Chris Larsen, donated a sum of 12 million dollars to Political Action Committees (PACs) that backed the Democratic candidate and Vice President, Kamala Harris.
On November 3, 2026, the United States will conduct its midterm elections. During this election, every seat in the House of Representatives (435) as well as 33 seats in the Senate will be contested.
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2024-11-26 20:01