Andreessen Horowitz donates $25 million to Fairshake Super PAC


VC
firm

Andreessen
Horowitz
(a16z)
donated
$25
million
to
Fairshake
and
related
entities,
a16z
crypto
Managing
Partner
Chris
Dixon
said
on

May
30.

Dixon
said
the
donation
would
help
Fairshake
support
bipartisan
US
candidates,
promote
entrepreneurship,
and
advance
clear
rules
for
digital
assets.

He
added:

“…we
need
to
keep
up
the
momentum
and
show
that
the
U.S.
can
lead
in
creating
the
next
wave
of
blockchain
innovation.”

The
transaction
is
not
listed
on
the
Federal
Election
Commission
(FEC)
website.
A
report
from
Bloomberg
states
that
the
company
confirmed
Dixon’s
original
announcement.

How To Get Free Crypto  

The
latest
donation
brings
a16z’s
total
FairShake
donation
to
$47
million,
following
a
previous
donation

estimated
at
$20
million.
Company
founders
Ben
Horowitz
and

Marc
Andreessen
personally
donated
$9.5
million
each
to
Fairshake
in
2023.

Crypto
political
issue

Crypto
has
become
an
election
issue
in
the
US
amidst
the
latest
donations.

Republican
presidential
candidate
Donald
Trump
recently
declared
himself
“positive
and
open-minded
to
cryptocurrency
companies”
and

began
to
accept
crypto
donations
for
his
campaign.

Meanwhile,
the
Biden
administration
is
seeking
help
from
the
crypto
industry
to

revamp
its
policy
for
the
digital
asset
industry.
The
change
represents
a
shift
from
the
Democratic
Party’s
past
strategy,
defined
by
enforcement
efforts
from

Gary
Gensler’s
SEC
and
restrictive
legislation
proposals
such
as

Elizabeth
Warren’s
Digital
Anti-Money
Laundering
Act.

Despite
party
lines,
certain
developments
have
seen
bipartisan
support,
such
as
a
recent

House
vote
on
the
Financial
Innovation
and
Technology
for
the
21st
Century
Act
(FIT21).

Fairshake’s
support
of
members
of
both
parties,
notably
including
Republican
Rep.
Dusty
Johnson
and
Democratic
Rep.
Josh
Gottheimer,
provides
another
bipartisan
means
of
supporting
crypto.

Fairshake
has
raised
$93
million
to
date

Fairshake
raised
nearly
$92.9
million
during
2023
and
2024.

On
May
29,
Ripple

announced
a
$25
million
donation
to
Fairshake,
bringing
its
total
donation
to
$50
million
and
urging
for
supportive
crypto
regulation.

Other
donors
include

Kraken
parent
Payward
Inc.,

Gemini
founders
Cameron
and
Tyler
Winklevoss,

Coinbase,

Circle,

Ark
Invest,
and
related
individuals.

Mentioned
in
this
article

Go to Source
Author: Mike Dalton


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