Share this article
Andreessen Horowitz Donates $23M to Crypto Super Pac Fairshake for 2026 Elections
Fairshake now says it has a $78 million war chest for the upcoming midterm elections.
Updated Nov 4, 2024, 6:18 p.m. Published Nov 4, 2024, 3:18 p.m.
The 2024 U.S. presidential election isn’t over yet, but politically-minded crypto companies have already turned their attention to fundraising for the 2026 midterm elections.
Venture capital firm Andreessen Horowitz (also called a16z) donated another $23 million to pro-crypto super political action committee (PAC) Fairshake for the 2026 midterm election cycle, according to a blog post from Chris Dixon, a partner at a16z and the founder and leader of its crypto division.
STORY CONTINUES BELOW
“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 that protects consumers while allowing the industry to grow,” Dixon wrote.
With a16z’s fresh contribution, Fairshake and its affiliated PACs – the Democrat-oriented Protect Progress and the Republican-oriented Defend American Jobs – now have $78 million in their coffers for the 2026 midterm elections. Crypto exchange Coinbase committed $25 million to Fairshake last week, and, according to a Fairshake spokesperson, the group has “$30 million in the bank.”
Both Coinbase and a16z are repeat donors to Fairshake, which raised over $200 million in the 2023-2024 election cycle. Coinbase was the single biggest donor: its fresh commitment to Fairshake brings its total contribution to the PAC closet to $75 million. A16z’s new contribution brings the firm to about $60 million in commitments to Fairshake.
Crypto firm Ripple has also been a big donor to Fairshake, contributing $50 million to the PAC for the 2023-2024 election cycle. When asked if the company planned to make another donation to Fairshake for the 2026 elections, a representative for Ripple said the company "intend[s] to remain a strong force in DC for years to come," but did not currently have fundraising news to share.
Other crypto companies who have donated to Fairshake and its affiliates include Jump Crypto, Circle and Kraken.
UPDATE (Nov. 4, 2024 at 17:30 UTC): A previous version of this story stated that Coinbase had made nearly $100 million in donations to Fairshake. The company has actually contributed approximately $75 million.
Lebih untuk Anda
Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
Binance Wins Full ADGM Approval for Exchange, Clearing, and Brokerage Operations
Abu Dhabi’s Financial Services Regulatory Authority has granted licenses to three Binance entities covering exchange, clearing, and brokerage functions.
Yang perlu diketahui:
- Binance has received authorization from Abu Dhabi Global Markets (ADMG) to operate under a comprehensive exchange, clearing, and brokerage framework.
- The approval allows Binance to structure its operations into three regulated entities under the Nest brand, covering exchange, clearing, and trading functions.
- Binance's presence in Abu Dhabi aligns with regulatory standards and underscores the region's role as a hub for financial innovation.
Top Stories
