Chris Dixon, managing partner, declared, “We are adopting a long-term strategy for our policy endeavors, regardless of the outcome of the election.”
Andreessen Horowitz (a16z) has pledged more than $23 million to Fairshake and its affiliated PACs for the 2026 midterm elections, with the objective of advancing crypto regulation in Washington, according to a press release released today.
This funding emphasizes a16z’s dedication to the development of a practicable regulatory framework that promotes innovation, safeguards consumers, and promotes the expansion of the crypto industry.
The firm claimed that Fairshake’s mission is consistent with its vision for bipartisan cooperation on crypto policy, stating that “crypto is not red or blue but is critical in ensuring America remains a global tech leader.”
a16z underscores the significance of educating legislators about the distinctive challenges that the crypto industry faces as part of its long-term policy strategy.
This approach involves setting up meetings with policymakers from both political parties and introducing them to entrepreneurs in blockchain technology who are currently navigating regulatory uncertainty.
The necessity for congressional action on crypto policy has become increasingly urgent as the asset class continues to expand, as per a16z.
The firm contends that comprehensive regulations are essential, as over 40 million Americans currently possess crypto, Bitcoin and Ethereum exchange-traded products manage $65 billion in on-chain assets, and stablecoins are among the largest holders of US debt globally.
Nevertheless, a16z argues that regulatory agencies have frequently relied on enforcement actions in the absence of formal guidelines, which it believes has the potential to marginalize Congress’s role in influencing crypto policy.
Chris Dixon, managing partner of a16z crypto, emphasized this challenge, stating, “Contributing to Fairshake is merely one critical element in our pursuit of transparent crypto industry regulations.”
a16z’s policy recommendations for Congress include the establishment of stablecoin regulations to promote competition, the implementation of comprehensive market structure legislation to address problematic actors, and the establishment of a pathway to conformance for decentralized networks.
a16z intends to maintain its direct engagement with legislators in D.C. to mobilize support for a regulatory framework that strikes a balance between consumer protection and innovation, in addition to its contributions to Fairshake..
