Andreessen Horowitz (a16z), an vital 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 publish saying the transfer, the agency notes that it intends to assist “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) knowledge 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.
Quite a lot of different crypto business 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 knowledge abstract states that this election cycle, the PAC spent roughly $14 million to assist Democrats, round $13.5 million to oppose Democrats and $13 million to assist Republicans.
a16z’s dedication to 2026 means that the crypto business hopes to proceed making assist for it an vital election subject.
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