[Crypto PAC funded by Ripple and Coinbase spends over $2 million to support Michigan House election] According to a report by Cointelegraph, documents submitted to the Federal Election Commission (FEC) reveal that an affiliate of a political action committee (PAC) primarily funded by donations from Ripple Labs and Coinbase has spent over $2 million on media campaigns to support Shri Thanedar, a congressional candidate for Michigan's 13th District. The PAC's expenditures have doubled compared to figures reported a week ago, with $884,000 spent on ads supporting Thanedar and over $150,000 spent on ads opposing McKinney.