A16z pledges $23m to Fairshake for 2026 mid-terms

Andreessen Horowitz’s digital asset division, a16z crypto, announced that it will allocate $23 million to support digital asset policy formation after the US general election.

A16z managing partner Chris Dixon announced that the venture capital giant will contribute additional funds to crypto-focused Fairshake and its affiliated PACs for the 2026 US midterms. Dixon explained that the firm’s decision stemmed from a non-partisan, long-term view on cryptocurrency policy in Washington and a commitment to supporting pro-blockchain politicians.

Whatever happens in the 2024 elections, we are committed to supporting policymakers who will work to create a practical regulatory framework that protects consumers while allowing the sector to grow, regardless of party affiliation.

Chris Dixon.

Dixon added that a16z aims to challenge efforts to “prevent Congress from regulating crypto.” The firm will back up that stance with meetings on Capitol Hill to advocate for the benefits of blockchain, Dixon wrote in a blog post.

Today, we are contributing over $23 million in additional funds to Fairshake and its affiliated PACs for the 2026 midterm election cycle.

No matter what happens on Election Day, we take a long-term approach to our policy efforts.

Contributing to Fairshake is just a big deal…

— cdixon.eth (@cdixon) 4 November 2024

Many digital asset advocates argue that agencies such as the Securities and Exchange Commission and the U.S. Treasury Department are bypassing clear rulemaking processes in favor of arbitrary enforcement actions and crackdowns.

Fairshake has emerged as one of crypto’s super PACs of choice during the 2024 election cycle, as the industry looks to challenge the status quo and push for sensible regulations. Firms like a16z, Coinbase, Gemini, and Ripple have invested millions in Fairshake’s bipartisan lobbying effort to elect crypto-friendly legislators in several states.

The crypto industry outperformed all other industries this election, donating over $190 million to candidates from both parties. Reports indicate that Congressional contests captured the bulk of crypto’s election money.

That’s why industry leaders like Coinbase CLO Paul Grewal have stated that America will witness its first pro-crypto convention, regardless of who sits in the White House.