Ripple Co-Founder Chris Larsen and Tim Draper's "Grow California" Secures $40 Million Donation Pledge

Odaily News: "Grow California," co-founded by Ripple co-founder Chris Larsen and Bitcoin supporter/venture capitalist Tim Draper, has disclosed that it has secured approximately $40 million in donation pledges. The funds are designated for an independent expenditure committee and related non-profit entities to oppose California's wealth tax and union power. Chris Larsen is expected to contribute up to $30 million of his own funds across multiple election cycles. Industry observers note that crypto-supported Political Action Committees (PACs) are gearing up for the 2026 U.S. midterm elections to expand the industry's influence. Fairshake disclosed on Wednesday that its cash reserves have reached $193 million, funded by crypto institutions including Ripple Labs, Andreessen Horowitz, and Coinbase. (Cointelegraph)