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Ripple backs a super PAC spending to defeat Sherrod Brown, while its co-founder Chris Larsen gave $4M to support him "Crypto industry pours more than $200 million into 2026…

Scott Melker
Published: 2026-11-02 19:27 UTC
Collected: 2026-11-02 19:49 UTC
Original language: Not supplied by source

Original source excerpt

Ripple backs a super PAC spending to defeat Sherrod Brown, while its co-founder Chris Larsen gave $4M to support him "Crypto industry pours more than $200 million into 2026 midterms to pressure Congr…

Ripple backs a super PAC spending to defeat Sherrod Brown, while its co-founder Chris Larsen gave $4M to support him "Crypto industry pours more than $200 million into 2026 midterms to pressure Congress on favorable rules. Fairshake is about $154 million of this." "It doesn't matter how much money there is. We haven't seen a president since 1978, Jimmy Carter, hold the House and the Senate when they had consensus at midterms. So we're likely going to get gridlocked no matter how much money goes into this." "But there is not even consensus in the crypto industry as to who we want. Ripple is one of the biggest donators to Fairshake. Fairshake is massively spending to beat Sherrod Brown." "And Larsen himself, whose company is giving money to Fairshake, is giving $4 million to support Sherrod Brown and has spent $22.5 million of his own money, largely supporting Democrats, because he has other beliefs that are not just crypto related, which I think is fair." "I think we know exactly what is coming and that any outcome here is largely priced in."

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