Quid Pro Quo (QPQ) Tracker
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Entity DossierOrganization

Ripple Labs Inc.

CA

Blockchain payments company (XRP). Contributed $4,000,000 to the Fairshake network in the 2024 FEC cycle while defending an SEC enforcement action.

crypto

Tracked direct giving

$4,000,000

Connections

10

The Money Trail

How money flowed from Ripple Labs Inc.

$4.0M
3 transactions across 3 counterparties
sum of 3 tracked donations shown

Ripple Labs Inc. directed $1.5M to Defend American Jobs.

Dec 2023pac

Ripple Labs Inc. directed $1.5M to Protect Progress.

Dec 2023pac

Ripple Labs Inc. directed $1.0M to COMMONWEALTH UNITY FUND.

May 2024corporate
$4.0M tracked across 3 counterparties (sum of 3 tracked donations shown)
PAC Chain Attribution

Where Ripple Labs Inc.’s money ended up

Attributed amounts are modeled estimates of how money flowed through intermediary PACs, computed by proportional apportionment of FEC-reported transactions. They are not reported transactions themselves. How we compute this

$3.2M
modeled estimate
42 paths across 42 counterparties
$1.1Mmodeled estimateattributed to Bernie Moreno
2024 cycle1 path1 hopMedium confidence
$1.1Mmodeled estimateRipple Labs Inc.→Defend American Jobs→Bernie MorenomediumSupportindependent_expenditure

smallest single documented leg $17K

$366Kmodeled estimateattributed to HELMER, DANIEL I. DEL.
2024 cycle1 path1 hopMedium confidence
$366Kmodeled estimateRipple Labs Inc.→Protect Progress→HELMER, DANIEL I. DEL.mediumSupportindependent_expenditure

smallest single documented leg $500

$355Kmodeled estimateattributed to Jim Banks
2024 cycle1 path1 hopMedium confidence
$355Kmodeled estimateRipple Labs Inc.→Defend American Jobs→Jim BanksmediumSupportindependent_expenditure

smallest single documented leg $9K

$243Kmodeled estimateattributed to John R. Curtis
2024 cycle1 path1 hopMedium confidence
$243Kmodeled estimateRipple Labs Inc.→Defend American Jobs→John R. CurtismediumSupportmultiple

smallest single documented leg $11K

$204Kmodeled estimateattributed to Brian Jack
2024 cycle1 path1 hopMedium confidence
$204Kmodeled estimateRipple Labs Inc.→Defend American Jobs→Brian JackmediumSupportindependent_expenditure

smallest single documented leg $11K

$193Kmodeled estimateattributed to Julie Johnson
2024 cycle1 path1 hopMedium confidence
$193Kmodeled estimateRipple Labs Inc.→Protect Progress→Julie JohnsonmediumSupportindependent_expenditure

smallest single documented leg $11K

$170Kmodeled estimateattributed to Riley M. Moore
2024 cycle1 path1 hopMedium confidence
$170Kmodeled estimateRipple Labs Inc.→Defend American Jobs→Riley M. MooremediumSupportindependent_expenditure

smallest single documented leg $13K

$102Kmodeled estimateattributed to STAGGS, TRENT
2024 cycle1 path1 hopMedium confidence
$102Kmodeled estimateRipple Labs Inc.→Defend American Jobs→STAGGS, TRENTmediumOpposeindependent_expenditure

smallest single documented leg $9K

Plus 34 additional chains totaling $482K.

$3.2M attributed (modeled estimate) across 42 paths·Up to 2 hops deep·Source FEC filings (Schedules A, B, E)·How we compute this
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Donations Given and Outside Spending

Largest 50 records. Rows badged “Spent to support” or “Spent to oppose” are independent expenditures this entity paid to vendors for or against the named candidate. That money was not given to them.

RecipientAmountDateCycle
Protect Progress$1,500,000Dec 15, 20232024
Defend American Jobs$1,500,000Dec 15, 20232024
COMMONWEALTH UNITY FUND$1,000,000May 15, 20242024

Relationships

TypeConnected ToDetailsSource
Lobbied onCLARITY Act, Digital Asset Market Clarity ActRipple publicly advocated for the CLARITY Act market-structure frameworkSource
Affiliated withRIPPLE OF HOPE PACRipple Labs is affiliated with RippleSource
Donated toFairshakePublicly identified major donor to this crypto industry super PAC. Exact amounts to be filled in by FEC ingestion.Source
Gave money toFairshakeRipple gave approximately $25M to Fairshake super PACSource
RetainedFGS Global (US) LLC (FKA FGH Holdings LLC)Hired FGS GLOBAL (US) LLC (FKA FGH HOLDINGS LLC) to lobby on Crypto / Digital AssetsSource
Funded research atCOIN CENTER INC.Corporate funder of Coin Center crypto policy researchEditorial
RetainedBALLARD PARTNERS, LLCHired BALLARD PARTNERS, LLC to lobby on Crypto / Digital AssetsSource
RetainedWILLIAMS AND JENSEN, PLLCHired WILLIAMS AND JENSEN, PLLC to lobby on Crypto / Digital AssetsSource
Funded research atBLOCKCHAIN ASSOCIATIONMember of Blockchain AssociationEditorial
RetainedBallard PartnersHired BALLARD PARTNERS to lobby on Crypto / Digital AssetsSource