A16Z CRYPTO PLEDGES $23 MILLION TO FAIRSHAKE PAC FOR 2026 MIDTERM SUPPORT OF PRO-CRYPTO CANDIDATES
In a significant move for the cryptocurrency industry, a16z crypto, the Web3 venture division of Andreessen Horowitz, has announced a substantial pledge of $23 million to Fairshake PAC and its affiliated political action committees (PACs). This funding is aimed at supporting pro-crypto policymakers during the crucial 2026 midterm elections.
The strategic allocation of these funds is designed to back candidates who are committed to establishing clear regulatory frameworks in the United States that appropriately balance consumer protection with the growth of the crypto industry. This initiative underscores the growing recognition of the importance of legislative support for the evolving blockchain landscape.
Chris Dixon, founder of a16z, emphasized the necessity for bipartisan support for candidates who resonate with the vision of fostering a conducive environment for blockchain innovation. He articulated the goal of introducing policymakers to the multifaceted challenges that blockchain entrepreneurs face, thereby facilitating more informed legislative decisions.
Fairshake PAC, already recognized as a leading voice in crypto advocacy, has raised over $200 million for the current electoral cycle, further solidifying its role in amplifying pro-crypto voices within the political arena. The commitment from a16z is poised to enhance Fairshake’s ability to champion the interests of the crypto community at a pivotal time for the industry.
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