a16z crypto backs pro-crypto policymakers with $23M for 2026 midterms
a16z crypto backs pro-crypto policymakers with $23M for 2026 midterms
In a significant move for the cryptocurrency industry, a16z crypto, the Web3-focused arm of venture capital firm Andreessen Horowitz, has pledged over $23 million to Fairshake and affiliated political action committees (PACs) in anticipation of the 2026 U.S. midterm elections. The funding aims to support candidates who advocate for clear and balanced regulation in the digital asset space, reflecting a16z’s commitment to maintaining U.S. technological leadership in cryptocurrency.
This financial backing is a continuation of a16z's long-term strategy to foster bipartisan support for pro-crypto policies. According to Chris Dixon, founder and managing director of a16z crypto, the firm’s contributions will focus on legislators who are committed to establishing regulatory frameworks that protect consumers while enabling industry growth. “Regardless of what happens in the 2024 elections, we’re committed to supporting policymakers, irrespective of party affiliation, who will work to establish a practical regulatory framework,” Dixon said in a statement.
The move comes as crypto firms increasingly look to shape legislative discussions in Washington, where recent policy debates have influenced the sector's growth trajectory.
a16z to introduce lawmakers to crypto innovators
Dixon highlighted the importance of introducing lawmakers to crypto entrepreneurs to better illustrate the industry’s potential and challenges. “We will introduce policymakers to entrepreneurs and creators building with blockchain technology to show first-hand the challenges they face when laws are murky but lawsuits are plenty,” he added.
Beyond financial contributions, a16z plans to directly engage with policymakers to advocate for responsible innovation in the blockchain industry. Dixon urged Congress to create a viable compliance pathway for decentralized networks and legitimate crypto businesses, underscoring that the timing of a comprehensive digital asset regulatory framework is critical. “The crypto industry has had to organize because the stakes are high, and the decisions made in Washington now will determine whether the promising industry and innovations…will remain in the U.S.,” he noted.
Fairshake, a prominent player in political fundraising for the crypto sector, has raised over $200 million this election cycle alone, with contributions from industry heavyweights like Ripple and Coinbase. Although super PACs like Fairshake cannot donate directly to political candidates, they have become influential through issue-based advertising, including campaigns against anti-crypto candidates. One notable example was California Senate candidate Katie Porter, who lost her primary after a Fairshake-backed ad campaign targeted her anti-crypto stance.
As the 2026 midterms approach, a16z’s commitment to Fairshake highlights the ongoing effort within the crypto industry to secure a favorable regulatory environment in the U.S. Looking forward, the firm’s advocacy work may set the stage for increased political influence among crypto leaders as they seek to ensure that the U.S. remains at the forefront of digital innovation.
Meanwhile, Bitcoin is showing strong volatility ahead of the U.S. elections.
