Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

Key Points:

• a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly candidates in the 2026 U.S. midterm elections.
• Crypto PAC Fairshake, with over $30 million in funds and $48 million in commitments, focuses on bipartisan support for cryptocurrency regulations.

According to Bloomberg, Andreessen Horowitz (a16z) has committed over $23 million to the political action committee Fairshake, aiming to support candidates favourable to cryptocurrency in the 2026 midterm elections.

Read more: Crypto PAC Fairshake Continues to Deploy $40M in Final Week of Election

Crypto PAC Fairshake Secures Millions to Advance Bipartisan Crypto Agenda

The commitment comes after a $25 million pledge from Coinbase, which last month promised the same amount to the same PAC, a show of increasing financial backing for crypto’s advocacy in the next election cycle.

One of the powerful political action committees in Washington, Fairshake, has announced it has raised over $30 million in cash and commitments totalling $48 million for the next electoral cycle. Supported by some big-name industry players such as Coinbase, a16z, and Ripple, Fairshake works to raise bipartisan attention to cryptocurrency-related issues. The group supports both Republican and Democratic candidates who take a progressive stance on digital asset regulation.

Crypto PAC Fairshake has been one of the biggest spenders in recent elections, with over $140 million spent on Congressional races around the country thus far into 2024. It was ready to spend another $40 million in the final stretch of that election cycle in hopes of helping boost candidates friendly to crypto.

Crypto Industry Seeks Friendly Regulations Despite Challenges from SEC

Andreessen Horowitz has made it known many times that the crypto space needs clearer regulations. Also, it supported legislation that would provide governance to the digital asset markets, regulate stablecoins, and give a way of compliance to cryptocurrency companies. More crucially, the financial support of crypto PAC Fairshake by the VC firm is part of the crypto industry’s wishes to see legislation that could make a friendlier environment in the United States.

The entire industry is at odds with regulators, including the SEC, which insists that existing securities laws cover digital assets. Now, the SEC finds itself in high-profile lawsuits with some of the largest crypto companies, including Coinbase and Ripple, as the battle for clarity on regulation of the crypto sector heats up.