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:

  • Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
  • Empire: Start your morning with the top news and analysis to inform your day in crypto.
  • Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
  • 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
  • Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
  • The Drop: For crypto collectors and traders, covering apps, games, memes and more.
  • Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
Tags

Upcoming Events

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

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

Research

article-image

The platform also rolled out 13 tokenized funds for institutions on the Connect platform

article-image

The company’s expanded lineup introduces new ETF products, as more and more issuers get into crypto funds

article-image

President Donald Trump announced a 10% levy on almost all goods and additional tariffs on so-called “worst offending” countries

article-image

Solana may be in “recomposition” mode, as new protocols put usefulness ahead of mere virality

article-image

The stablecoin issuer will have to contend with bigger players and the interest rates environment

article-image

The president reportedly was still working on his tariff policy plans late Tuesday evening