On November 4, a16z partner Chris Dixon posted on social media that today we donated more than $23 million in additional funds to Fairshake and its affiliated political action committees (PACs) for the 2026 midterm election cycle. No matter what happens on Election Day, we take a long-term approach to policy efforts. Contributions to Fairshake are just an important part of achieving our ultimate goal, which is to establish clear laws to regulate the crypto industry while protecting consumers and allowing entrepreneurs to innovate and build with confidence. Many industries come to Washington to ask for regulations to be cut, and we come here to ask for regulations to be established.