Ripple Billionaire Backs Candidates and PACs to Shape Crypto Policy
Published Updated 1 new report since it was first published
Chris Larsen donated $4 million to Sherrod Brown after Fairshake said it would spend $30 million against the Ohio Democrat. Larsen also said Ripple was reconsidering its PAC funding while criticizing Fairshake’s approach. Separately, Larsen has given at least $22.5 million to federal candidates and super PACs during the current election cycle.
What this rests on
What it means
Sherrod Brown, Fairshake, and Ripple’s political operation are the parts most directly affected today, because Larsen’s donation and criticism place his spending choices in the middle of the same campaign fight. The Ohio race and the crypto-aligned PAC effort are linked in public view by the $4 million gift and the announced $30 million against Brown.
Before this, Ripple’s co-founder was already contributing to crypto politics through candidates and super PACs, and one piece says he has given at least $22.5 million in the current cycle. What changes in practice is that the Brown donation sits alongside criticism of Fairshake and a stated reconsideration of PAC funding, while Ripple’s role as a contributor to the super PAC still remains part of the picture.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 18 days ago | Fairshake plans $6m push for six US House candidates event | 1 actors in common · 2 news media |
| 21 days ago | South Africa’s Absa Becomes First Bank on the Continent to Custody Bitcoin: Report event | 1 actors in common · 5 news media |
| 21 days ago | Absa becomes first African bank to offer digital-asset custody event | 1 actors in common · 4 news media |
| 23 days ago | Daines Unveils Crypto Tax Bill Pairing Payment Relief With Wash-Sale Rules event | 1 actors in common · 6 news media |
| 24 days ago | Early to Party? Ripple CTO Emeritus Reacts to Ex-SEC Chair Gensler's 2020 AI Paper event | 1 actors in common · 3 news media |