News on November 4th, a16z partner Chris Dixon posted on social media that today we have donated over $23 million to Fairshake and its associated political action committees (PACs) for the 2026 midterm election cycle. Regardless of what happens on Election Day, we take a long-term strategy towards policy efforts. Our contribution to Fairshake is just an important part of achieving our ultimate goal: establishing clear laws to regulate the crypto industry while protecting consumers and allowing entrepreneurs to innovate with confidence. Many industries come to Washington asking for regulations to be cut, but we are here asking for regulations to be established.