- Fairshake crypto PAC secured another multimillion-dollar donation.
- The donation came from Andreessen Horowitz’s a16z crypto, which has contributed $70 million to the PAC so far.
- After the donation, Fairshake’s war chest for the 2026 midterm elections rose to $78 million.
With the U.S. presidential poll approaching its last voting day on November 5, digital asset companies have already deployed tens of millions of dollars to back pro- crypto policymakers in the next election cycle.
On Monday, Andreessen Horowitz’s web3 venture capital arm, a16z crypto, poured another $23 million into Fairshake and its affiliated political action committees (PACs) for the 2026 U.S. midterm elections, which will determine which political party will control the two chambers of the Congress for the upcoming two years.
a16z crypto’s Interest in 2026 Midterm Elections
In a blog post on November 4, Andreessen Horowitz’s general partner Chris Dixon, who is the founder and head of the fund’s crypto division, echoed the company’s commitment to leveraging its financial resources to drive bipartisan crypto policies regardless of the outcome of the U.S. general election.
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Dixon noted that the $23 million contribution was “just one crucial part” of the strategy a16z crypto needed to achieve its larger policy goals in Washington.
The company plans to meet Democrats and Republicans to explain the digital asset landscape, its benefits, and challenges, during which policymakers will meet with crypto entrepreneurs to witness how “lawsuits are plenty” due to regulatory challenges.
Notably, Dixon urged the current and future Congress to facilitate comprehensive market structure legislation for crypto to eliminate bad actors, pragmatic stablecoin laws to enhance fair competition, and a pathway to compliance for decentralized networks and businesses.
a16z crypto’s contribution to Fairshake underscored the PAC’s rising influence in political fundraising, especially in an era where digital asset policies seem to sway votes.
Fairshake’s $78 Million Election War Chest
After disbursing about $135 million of the $170 million it raised in this year’s election cycle, Fairshake is keen on pumping more money into the upcoming election after securing $78 million for its 2026 war chest.
In addition to a16z crypto’s multimillion-dollar contribution, the pro-digital asset PAC bagged a $25 million pledge from Coinbase last week and has “$30 million in the bank,” according to its spokesperson.
While Fairshake isn’t allowed to donate money directly to political candidates, the PAC’s strategic spending on ads against anti-crypto politicians has recently proven effective. According to a Public Citizen report, the digital asset industry’s favored candidate won 36 out of 42 primary races that attracted crypto-backed super PACs.
“Fairshake has done a tremendous job bringing crypto into the national conversation for this election cycle, and we’re proud to continue our support,” Dixon added.Other crypto companies that have publicly backed Fairshake and its affiliated PACs include Ripple, Kraken , Jump Crypto, and USDC issuer Circle.
Read how the U.S. elections drove $920 million in inflows into Bitcoin ETFs:
US Elections Drive $920M Inflows in Bitcoin ETFs: CoinShares
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