ChainCatcher news, a16z partner Chris Dixon posted on social media, "Today we donated over $23 million in additional funding to Fairshake and its affiliated political action committees (PACs) for the 2026 midterm election cycle.Regardless of what happens on election day, we are taking a long-term approach to policy efforts.Our contribution to Fairshake is just one important part of achieving our ultimate goal of establishing clear laws to regulate the crypto industry while protecting consumers and allowing entrepreneurs to innovate with confidence.Many industries come to Washington asking for regulatory rollbacks, while we are here asking for the establishment of regulations."

ChainCatcher news, according to a report by Reuters, external lobbying teams associated with the cryptocurrency industry have raised over $102 million to support pro-digital asset candidates in the upcoming U.S. congressional elections. As the industry faces increasing scrutiny from regulators such as the U.S. Securities and Exchange Commission and lawmakers, cryptocurrency companies are looking to influence policies that favor them.