a16z Crypto, a venture capital firm that invests in crypto and web3 startups, has announced a $23 million investment in Fairshake PACs for the 2026 midterm elections. This funding aims to support bipartisan efforts in creating clear regulations for cryptocurrency and blockchain technology in the United States.
The firm hopes to engage with policymakers from both parties to explain the benefits and challenges of blockchain technology and the importance of establishing a regulatory framework that balances consumer protection with industry growth. This investment highlights the pressing need for regulatory clarity in the crypto industry, as over 40 million Americans own cryptocurrencies and stablecoins are major holders of U.S.
debt.
