Crypto Super PAC's $193 Million Midterm War Chest Raises Stakes for XRP
Fairshake, the crypto industry's leading super PAC, has amassed $193 million for the upcoming midterms on November 3. The organization has already spent part of this amount, with FEC filings showing it managed approximately $127 million as of June 30.
Of the three significant contributors who provided $74 million in the latter half of 2025, Ripple and Coinbase each donated $25 million, while Andreessen Horowitz contributed $24 million. However, Ripple's business is heavily reliant on a single asset, XRP (CRYPTO:XRP), making regulatory shifts concerning XRP immediately impactful for Ripple's operations.
According to Fairshake's own FEC filing in July, it managed approximately $127 million as of June 30, following a $51 million distribution to its affiliate PACs and $13.3 million spent on advertisements targeting primary races rather than the general election.