Donor
Ripple Labs Inc.
CompanyCalifornia
5 gifts to 4 groups, as reported to the FEC by the groups that received them.
Ripple Labs Inc. gave $49M to super PACs and other outside groups in the 2024 federal elections, and 64% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 77% ended up on the winning side ($11M won, $3.2M lost).
Gave to outside spenders
$49M
64% of it helped Republicans
Ended up on the winning side
77%
$11M of the dollars in races already called
Spent on the losing side
$3.2M
Not spent yet
$35M
Sitting with groups that have not spent
Where the cheques went
A company giving straight from its treasury, which super PACs may accept. Each gift is split the way the group that received it split its spending between winners and losers, so a $10M cheque to a group that spent 80% on losers counts as $8M on the losing side.
✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched
| Group | Gave | How the group spent it | Won / lost |
|---|---|---|---|
| Fairshake $34M not spent yet | $45M | $8.0M / $2.4M | |
| Defend American Jobs | $1.5M | $1.5M / $0 | |
| Protect Progress | $1.5M | $1.3M / $0 | |
| Commonwealth Unity Fund $195K not spent yet | $1.0M | $0 / $805K |
The trail
What the money bought
The candidates Ripple Labs Inc.'s money was spent for or against, pro-rated by Ripple Labs Inc.'s share of each group's funding.
| Candidate | Race | Spending | Their share | Paid off? |
|---|---|---|---|---|
| Katherine Porter | California Senate (primary) | Attacking | $2.6M | ✓ Yes |
| Bernard F. Moreno | Ohio Senate | Supporting | $1.0M | ✓ Yes |
| Michelle Steel | California 45th District | Supporting | $722K | ✗ No |
| John Deaton | Massachusetts Senate | Supporting | $649K | ✗ No |
| Don Davis | North Carolina 1st District (primary) | Supporting | $590K | ✓ Yes |
| Yadira Caraveo | Colorado 8th District (primary) | Supporting | $587K | ✓ Yes |
| Jamaal Bowman | New York 16th District (primary) | Attacking | $537K | ✓ Yes |
| Pat Ryan | New York 18th District | Supporting | $514K | ✓ Yes |
| Mary S. Peltola | Alaska at-large House seat | Supporting | $498K | ✗ No |
| Young Kim | California 40th District (primary) | Supporting | $498K | ✓ Yes |
| Steven Horsford | Nevada 4th District (primary) | Supporting | $475K | ✓ Yes |
| Elissa Slotkin | Michigan Senate | Supporting | $437K | ✓ Yes |
Company as classified from the FEC entity type and public reporting.
Questions people ask
- How much did Ripple Labs Inc. spend on the 2024 elections, and did it win?
- Ripple Labs Inc. gave $49M to super PACs and other outside groups in the 2024 federal elections, and 64% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 77% ended up on the winning side ($11M won, $3.2M lost).
- Which super PACs did Ripple Labs Inc. fund in 2024?
- Fairshake ($45M), Defend American Jobs ($1.5M), Protect Progress ($1.5M), Commonwealth Unity Fund ($1.0M).
- Which candidates did Ripple Labs Inc.'s money end up backing or attacking in 2024?
- against Katherine Porter (California Senate, about $2.6M, won); for Bernard F. Moreno (Ohio Senate, about $1.0M, won); for Michelle Steel (California 45th District, about $722K, lost). Amounts are the donor's share of each group's spending.