[Ripple Co-Founder Chris Larsen and Tim Draper’s 'Grow California' Secures $40 Million Donation Commitment] Odaily Planet Daily reports that 'Grow California,' initiated by Ripple co-founder Chris Larsen and Bitcoin advocate and venture capitalist Tim Draper, has disclosed receiving approximately $40 million in donation commitments. The funds will be used for an independent expenditure committee and related nonprofit 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-backed political action committees (PACs) are gearing up for the 2026 U.S. midterm elections to expand the industry's influence. Fairshake revealed on Wednesday that its cash reserves have reached $193 million, funded by crypto institutions such as Ripple Labs, Andreessen Horowitz, and Coinbase. (Cointelegraph)