Ripple Pledges $25 Million to Fairshake for Pro-Crypto Advocacy
Ripple CEO Brad Garlinghouse announced on November 26 that the company will donate an additional $25 million to the crypto super PAC, Fairshake, following the 2024 U.S. elections. The donation aims to support pro-crypto candidates and further Ripple’s commitment to fostering innovation in the blockchain space.
Ripple’s Continued Support for Fairshake
Ripple has already contributed $50 million to Fairshake, recognized as the most successful bipartisan super PAC in U.S. history. Its mission is to promote the election of candidates who are pro-crypto, pro-growth, and pro-innovation.
Garlinghouse stated:
“Electing pro-crypto, pro-growth, and pro-innovation candidates is a no-brainer. To continue that momentum, Ripple is contributing another $25M to Fairshake.”
This additional funding reinforces Ripple’s dedication to advancing the digital asset industry by backing candidates who support regulatory clarity and innovation.
Fairshake's Impact on U.S. Elections
During the 2023-2024 electoral cycle, Fairshake raised over $200 million, emerging as a key player in the bipartisan effort to shape crypto-friendly policies. Many of its endorsed candidates secured victories, reflecting the growing influence of the crypto sector in American politics.
As of November, Fairshake has $78 million available to be utilized for the 2026 U.S. midterm elections, solidifying its position as a critical force in the pro-crypto political movement.
The Role of the 2024 Presidential Election in Crypto’s Future
The 2024 election proved pivotal for the blockchain industry. President-elect Donald Trump, who defeated Democratic nominee Kamala Harris, has expressed strong support for digital assets.
Trump, who launched his family’s crypto platform, World Liberty Financial, advocates for a regulatory framework that fosters blockchain innovation. He has pledged to make the United States the “crypto capital of the planet” and criticized the SEC’s enforcement-led regulatory approach under Gary Gensler.
Gensler announced his resignation before Trump’s inauguration, praising the agency he led. Trump has yet to name a new appointee to oversee digital asset regulation, but with a unified, crypto-friendly administration, a balanced framework for blockchain regulation appears likely.
Building Momentum for Clear Crypto Regulations
Fairshake’s efforts align with broader industry goals, as emphasized by Chris Dixon, founder of a16z, in a November 4 statement. He noted:
“Contributing to Fairshake is just one important component to achieving our ultimate goal: clear laws to govern the crypto industry while protecting consumers and enabling entrepreneurs to build with confidence.”
The continued collaboration between industry leaders and policymakers signals a growing momentum for a supportive regulatory environment, fostering innovation and growth in the blockchain ecosystem.
Conclusion
Ripple’s increased funding to Fairshake reflects a strategic move to ensure the election of leaders who prioritize crypto innovation and regulatory clarity. With the industry gaining bipartisan support and Trump’s administration favouring blockchain-friendly policies, the U.S. may see significant progress in becoming a global leader in digital assets.
