a16z added a $23 million donation to the crypto lobbying organization Fairshake for the mid-term elections in 2026.

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Nov 4, 2024

The renowned venture capital firm Andreessen Horowitz (a16z) has announced an additional donation of over 23 million USD to the crypto policy organization Fairshake and its affiliated political action committee (PAC) for the 2026 U.S. midterm election cycle. a16z partner Chris Dixon stated that this initiative aims to support bipartisan legislators who understand the importance of crypto technology, ensuring that the United States maintains its technological leadership in the coming decades. a16z is urging Congress to act swiftly to pass comprehensive digital asset market structure legislation, pragmatic stablecoin laws, and to provide compliance pathways for decentralized networks and legitimate businesses.