Fairshake PAC secures $103M for 2026 midterm elections after Ripple donation
Ripple Labs donated $25 million to the Fairshake political action committee (PAC), according to the firms CEO Brad Garlinghouse.
The donation, which adds to the $78 million Fairshake raised earlier this month, brings the total to $103 million.
The fund will boost Fairshakes contributions in the 2026 midterm elections, with Coinbase pledging $25 million and a16z adding $23 million. The remaining $30 million was already available in the fund.
Notably, the amount is over 76% of all money spent on pro-crypto candidates in this years elections, surpassed only by fossil fuel interest in political contributions. The amount gathered by Fairshake indicates that investments in pro-crypto politicians could break a new record in 2026.
Additionally, the pro-crypto PAC, along with Protect Progress and Defend American Jobs, is part of a super PAC that rivals traditional heavyweights like Koch Industries and Chevron in size. The investments had a positive result, with 48 candidates endorsed by pro-crypto PACs elected this year.
Continued efforts
The immediate wins yielded by these efforts are building increased influence for the crypto industry in Washington and could prompt other sectors to adopt similar strategies.
Garlinghouse stated:
Electing pro-crypto, pro-growth and pro-innovation candidates is a no-brainer, and to continue that momentum, Ripple is contributing another $25M to Fairshake. Onwards!
His statement aligns with political analysts like Peter Loge, a public affairs professor at George Washington University. Loge emphasized the need for sustained engagement, campaign after campaign.
Furthermore, Coinbase CEO Brian Armstrong recently said that anti-crypto stances may prove costly, with this years election results sending a clear message to Washington.
In a Nov. 4 statement, a Fairshake spokesperson said:
We have seen a transformational shift in how both parties look at crypto and blockchain. We look forward to continuing our strategy of supporting candidates on both sides of the aisle who believe in advancing American innovation, creating jobs, and working together to pass responsible regulation.
The crypto firms donating to the pro-crypto PAC are also keen to engage with lawmakers to foster blockchain growth in the US.
The post Fairshake PAC secures $103M for 2026 midterm elections after Ripple donation appeared first on CryptoSlate.
Read more: https://cryptoslate.com/fairshake-pac-secures-103m-for-2026-midterm-elections-after-ripple-donation/
Text source: CryptoSlate
