The renowned venture capital firm Andreessen Horowitz (a16z) has announced an additional donation of over 23 million USD to the crypto policy organization Fairshake and its affiliated political action committee (PAC) for the 2026 U.S. midterm election cycle. a16z partner Chris Dixon stated that this initiative aims to support bipartisan legislators who understand the importance of crypto technology, ensuring that the United States maintains its technological leadership in the coming decades. a16z is urging Congress to act swiftly to pass comprehensive digital asset market structure legislation, pragmatic stablecoin laws, and to provide compliance pathways for decentralized networks and legitimate businesses.

<div>
<p>According to TechFlow, on November 4, the well-known venture capital firm Andreessen Horowitz (a16z) announced an additional donation of over 23 million USD to the crypto policy organization Fairshake and its affiliated Political Action Committee (PAC) for the 2026 U.S. midterm election cycle. a16z partner Chris Dixon stated that this initiative aims to support bipartisan legislators who understand the importance of crypto technology and to ensure that the U.S. remains at the forefront of technology for decades to come.</p>
<p>Dixon emphasized that regardless of the outcome of the 2024 elections, a16z will continue to support policymakers dedicated to establishing a practical regulatory framework. This framework should protect consumers while allowing the crypto industry to thrive. In addition to financial support, a16z will also meet with bipartisan policymakers to introduce blockchain technology and the challenges it faces.</p>
<p>a16z urges Congress to take swift action by passing comprehensive digital asset market structure legislation, pragmatic stablecoin laws, and providing compliant pathways for decentralized networks and legitimate businesses. Dixon noted that the crypto industry has become key to maintaining the U.S.'s global technology leadership, with over 40 million Americans owning cryptocurrencies, and Bitcoin and Ethereum ETPs holding 65 billion USD in on-chain assets.</p>
</div>

a16z added a $23 million donation to the crypto lobbying organization Fairshake for the mid-term elections in 2026.