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 $1.7M, unknown); for Bernard F. Moreno (Ohio Senate, about $998K, won); for John Deaton (Massachusetts Senate, about $649K, lost). Amounts are the donor's share of each group's spending.

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Donor

Ripple Labs Inc.

Company

California

5 reported gifts; 4 recipient groups listed, as reported to the FEC by the groups that received them.

Backed winners

Ripple Labs Inc. gave $49M to super PACs and other outside groups in the 2024 federal elections, and 54% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2024). Among dollars with a matched election-stage result, 70% were on the winning side ($5.6M won, $2.4M lost). $2.6M had no matched result and is excluded.

Gave to outside spenders

$49M

54% of it helped Republicans

Winning share of scored dollars

70%

$8.0M scored (16% of gifts)

Spent on the losing side

$2.4M

Not allocated or result unknown

$41M

$38M not allocated to tracked outside spending; $2.6M has no matched result. Neither is cash on hand.

Where the checks 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 check 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	Won / lost
Fairshake $38M not allocated to tracked outside spending	$45M	$3.0M / $1.6M
Defend American Jobs $62K not allocated to tracked outside spending	$1.5M	$1.4M / $0
Protect Progress $139K not allocated to tracked outside spending	$1.5M	$1.2M / $0
Commonwealth Unity Fund $195K not allocated to tracked outside spending	$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	$1.7M	Unknown
Bernard F. Moreno	Ohio Senate	Supporting	$998K	✓ Yes
John Deaton	Massachusetts Senate	Supporting	$649K	✗ No
Michelle Steel	California 45th District	Supporting	$483K	✗ No
Elissa Slotkin	Michigan Senate	Supporting	$396K	✓ Yes
Ruben Gallego	Arizona Senate	Supporting	$396K	✓ Yes
Don Davis	North Carolina 1st District	Supporting	$381K	✓ Yes
Yadira Caraveo	Colorado 8th District	Supporting	$380K	✗ No
Jamaal Bowman	New York 16th District (primary)	Attacking	$360K	Unknown
Pat Ryan	New York 18th District	Supporting	$344K	✓ Yes
Mary S. Peltola	Alaska at-large House seat	Supporting	$334K	✗ No
Young Kim	California 40th District	Supporting	$314K	✓ 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 54% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2024). Among dollars with a matched election-stage result, 70% were on the winning side ($5.6M won, $2.4M lost). $2.6M had no matched result and is excluded.
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 $1.7M, unknown); for Bernard F. Moreno (Ohio Senate, about $998K, won); for John Deaton (Massachusetts Senate, about $649K, lost). Amounts are the donor's share of each group's spending.