4 months ago
VC steadfast Andreessen Horowitz (a16z) donated $25 cardinal to Fairshake and related entities, a16z crypto Managing Partner Chris Dixon said connected May 30.
Dixon said the donation would assistance Fairshake enactment bipartisan US candidates, beforehand entrepreneurship, and beforehand wide rules for integer assets.
He added:
“…we request to support up the momentum and amusement that the U.S. tin pb successful creating the adjacent question of blockchain innovation.”
The transaction is not listed connected the Federal Election Commission (FEC) website. A study from Bloomberg states that the institution confirmed Dixon’s archetypal announcement.
The latest donation brings a16z’s full FairShake donation to $47 million, pursuing a erstwhile donation estimated astatine $20 million. Company founders Ben Horowitz and Marc Andreessen personally donated $9.5 cardinal each to Fairshake successful 2023.
Crypto governmental issue
Crypto has go an predetermination contented successful the US amidst the latest donations.
Republican statesmanlike campaigner Donald Trump precocious declared himself “positive and open-minded to cryptocurrency companies” and began to judge crypto donations for his campaign.
Meanwhile, the Biden medication is seeking assistance from the crypto manufacture to revamp its policy for the integer plus industry. The alteration represents a displacement from the Democratic Party’s past strategy, defined by enforcement efforts from Gary Gensler’s SEC and restrictive authorities proposals specified arsenic Elizabeth Warren’s Digital Anti-Money Laundering Act.
Despite enactment lines, definite developments person seen bipartisan support, specified arsenic a caller House vote connected the Financial Innovation and Technology for the 21st Century Act (FIT21).
Fairshake’s enactment of members of some parties, notably including Republican Rep. Dusty Johnson and Democratic Rep. Josh Gottheimer, provides different bipartisan means of supporting crypto.
Fairshake has raised $93 cardinal to date
Fairshake raised astir $92.9 cardinal during 2023 and 2024.
On May 29, Ripple announced a $25 cardinal donation to Fairshake, bringing its full donation to $50 cardinal and urging for supportive crypto regulation.
Other donors see Kraken genitor Payward Inc., Gemini founders Cameron and Tyler Winklevoss, Coinbase, Circle, Ark Invest, and related individuals.
The station Andreessen Horowitz donates $25 cardinal to Fairshake Super PAC appeared archetypal connected CryptoSlate.
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