News

a16z Pours Another $23M into Crypto-Friendly Fairshake PAC

Andreessen Horowitz makes a massive contribution to Fairshake PAC.

Nov 4, 2024 • 1 min read

Andreessen Horowitz’s donation signals a push to secure pro-crypto allies and legislation, potentially reshaping the regulatory landscape in the coming years.

What’s the scoop?

Fairshake’s Influence: With nearly $78M raised from a16z, Ripple, and other players in the industry for the upcoming midterm elections, Fairshake is gaining traction as a bipartisan force in crypto politics.
Political Evolution: As crypto becomes a bigger issue in U.S. politics, bipartisan backing from Fairshake aims to advance clear, innovation-friendly regulations, especially during evolving views in both major parties.

Bankless Take:

Andreessen Horowitz has made another significant political move, donating $23 million to the pro-crypto Fairshake PAC. The donation looks beyond tomorrow's election and aims to support candidates in the 2026 election cycle who advocate for favorable cryptocurrency regulations. With this donation, a16z and other industry players aim to ensure crypto remains a priority in future policy debates and regulatory frameworks.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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Published in Bankless

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