In November 2023, Fairshake, a nonpartisan super PAC focused on crypto interests in US politics, raised $78 million to support candidates who advocate for American blockchain and crypto innovation. Coinbase pledged $25 million, and Andreessen Horowitz (a16z) donated over $23 million. The funds aim to shape US politics and influence the midterm elections in response to what the donors perceive as mounting regulatory pressures.
Fairshake’s spokesperson expressed optimism about the emerging bipartisan support in Congress for policies that protect American consumers, boost job creation, and foster innovation within the crypto and blockchain sectors. Fairshake 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.
