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Ripple's Second $25M Donation to Fairshake PAC Boosts 2024 Election Fund to Over $110M

May 29, 2024, 09:38 AM

Ripple has made an additional $25 million donation to the pro-crypto political action committee (PAC) Fairshake, bringing the total contributions to over $110 million. This financial support is aimed at promoting crypto-friendly legislation and ensuring that cryptocurrency remains a significant topic in the 2024 U.S. elections. Ripple's contributions make it the largest donor to Fairshake, highlighting the company's commitment to influencing political outcomes in favor of the crypto industry. TD Cowen suggests that the amassed funds, which now total over $100 million, could significantly boost the passage of stablecoin legislation. This is Ripple's second $25M installment to Fairshake PAC for the 2024 election.