Andreessen Horowitz (a16z), an essential Silicon Valley enterprise capital agency, has introduced that it will likely be “contributing over $23 million in additional funds to Fairshake and its affiliated PACs for the 2026 midterm election cycle.”
Within the weblog put up saying the transfer, the agency notes that it intends to help “legislators from both sides of the aisle who understand that crypto isn’t red or blue but is critical in ensuring America remains the leader in technology.”
Federal Election Fee (FEC) information compiled by OpenSecrets present that companions of a16z have contributed $44 million to the present election cycle. That is exceeded by $45 million in donations from Ripple and barely over $45 million from Coinbase.
A wide range of different crypto trade members have additionally donated to Fairshake, together with Leap Crypto, Circle, and Kraken.
Moreover, Phil Potter, former Chief Technique Officer of Bitfinex and Tether, has additionally donated, as have the Winklevoss Twins, Matt Huang and Fred Ehrsam of Paradigm, and Fred Wilson of Union Sq. Ventures.
Learn extra: Crypto lobbyists are busy getting ready for the 2024 election
OpenSecrets information abstract states that this election cycle, the PAC spent roughly $14 million to help Democrats, round $13.5 million to oppose Democrats and $13 million to help Republicans.
a16z’s dedication to 2026 means that the crypto trade hopes to proceed making help for it an essential election difficulty.
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