According to Foresight News, a16z partner Chris Dixon stated on social media that they have donated over $23 million to Fairshake and its affiliated political action committees (PACs).
This donation is intended to support the 2026 midterm election cycle. Regardless of the election outcomes, they are taking a long-term approach to policy efforts aimed at establishing clear laws to regulate the cryptocurrency industry.
Chris Dixon emphasized that the donations are meant to protect consumers and support entrepreneurs in building innovative solutions. Their purpose for coming to Washington is to advocate for the establishment of regulations, rather than to cut them back.