Ripple Chairman Chris Larsen Donates $22.5 Million Ahead of US Midterms

Ripple Executive Chairman Chris Larsen has contributed at least $22.5 million to federal candidates and political action committees (PACs) during the current election cycle, strengthening his influence in US politics ahead of the 2026 midterm elections.

The crypto billionaire and longtime Democratic donor is reportedly preparing to increase his political spending, focusing on cryptocurrency regulation, artificial intelligence safety, clean energy, and tax policies targeting wealthy Americans.

According to Federal Election Commission (FEC) records, Larsen's political contributions have reached at least $22.5 million, including a $6 million donation to the Invest in Tomorrow Coalition PAC. The organization supports candidates promoting renewable energy policies while opposing lawmakers who challenge clean energy incentives.

Larsen has also backed The Campaign for Democracy, an organization established by California Governor Gavin Newsom. The Ripple chairman reportedly intends to support Newsom if he enters the 2028 presidential race.

Another major recipient of Larsen's political funding is You Can Push Back, a super PAC he founded to promote stronger artificial intelligence regulations and safeguards protecting children from potential AI-related risks.

However, Larsen's political positions have occasionally differed from those of the broader cryptocurrency industry.

After crypto-backed super PAC Fairshake announced a $30 million campaign against Democratic politician Sherrod Brown, Larsen personally contributed $4 million to Brown's campaign and publicly criticized the organization's strategy.

Interestingly, Ripple has contributed $48 million to Fairshake during this election cycle, positioning the blockchain payments company among the PAC's largest financial supporters.

Beyond election spending, Larsen continues advocating for the CLARITY Act, a major US cryptocurrency bill designed to establish clearer regulatory oversight of digital assets.

He believes the legislation could resolve longstanding uncertainty over whether cryptocurrencies should fall under securities or commodities regulations, a central issue affecting the industry's future.

Meanwhile, Larsen has also invested in American Perpetuals Exchange Corp. (APAC), a derivatives startup founded by Democratic Senator Kirsten Gillibrand.

Gillibrand has faced criticism surrounding her involvement in negotiations over ethics provisions in the CLARITY Act.

With the November midterm elections approaching, Larsen's growing political contributions highlight how influential cryptocurrency executives are becoming in Washington. His involvement also underscores the industry's efforts to shape future US crypto regulations while supporting broader political priorities.