The Fairshake nonpartisan super PAC has raised $78 million to support candidates who advocate for blockchain and crypto innovation in US politics. The funding includes $30 million currently available and $48 million in new commitments from notable contributors such as Coinbase and Andreessen Horowitz. These donations are part of efforts to influence the midterm elections in 2026 in response to regulatory pressures from authorities.
Fairshake, founded in 2023, has positioned itself as a key player in advocating for favorable regulatory policies in the crypto sector. Backed by major companies such as Coinbase, Ripple, and a16z, the PAC supports candidates who promote innovation, regulatory clarity, and job creation in the US. Its spokesperson expressed optimism about the bipartisan support in Congress for policies that protect consumers and foster innovation in the crypto and blockchain sectors.
Andreessen Horowitz, in a recent post on X, confirmed their donation to Fairshake and emphasized their commitment to backing policymakers who create a regulatory environment that safeguards consumers while encouraging industry growth. The firm plans to actively engage with lawmakers from both parties to explain blockchain technology’s benefits and challenges, advocating for clear policies that sustain the growth of the crypto sector.
Chris Dixon, Managing Partner at Andreessen Horowitz, outlined the importance of comprehensive market structure legislation for digital assets in current and future Congresses. This includes measures to eliminate bad actors, establish pragmatic stablecoin laws, and provide pathways for compliance for those developing decentralized networks and legitimate businesses in an uncertain regulatory landscape.
In conclusion, Fairshake’s success in raising $78 million to support candidates who advocate for blockchain and crypto innovation in US politics demonstrates the growing importance of the crypto sector in shaping regulatory policies. By engaging with lawmakers and backing candidates who prioritize innovation and job creation, organizations like Fairshake and major donors like Coinbase and Andreessen Horowitz are working towards a more favorable regulatory environment for the industry.
