The coming 2026 US midterm election could become the most cryptocurrency-centric election as digital currency advocates vowed to throw their full support to candidates who will allow the industry to thrive. Political super action committee (Super PAC) Fairshake and other groups are mobilizing crypto voters to elect policymakers who can create a more favorable regulatory landscape for the digital asset economy.
Fairshake: Pro-Crypto Policies
Chris Dixon, founder of a16z crypto, said that the result of the 2024 US elections would not wane down the commitment of crypto groups to legislators who will champion their industry.
Dixon remarked that irrespective of party affiliation, their group is committed to championing policymakers who will push for the establishment of a regulatory framework that protects crypto consumers and allows the digital asset sector to grow.
As proof, Dixon yesterday donated more than $23 million to Fairshake and its bloc to finance pro-crypto candidates in the 2026 midterm US election.
Achieving Crypto Policy Goals
Dixon explained that giving monetary contributions to political action groups like Fairshake is one of the strategies being utilized to ensure that their industry will enact pro-crypto policies.
He said that Fairshake is a group established to support US lawmakers, both Republicans and Democrats who recognize that “crypto isn’t red or blue” but an essential component that will ensure the United States will still be the leader in technology in the upcoming years.
He noted that Fairshale has made great strides to bring and keep cryptocurrencies into the national conversation for the US election cycle, saying that his group is proud to continuously support the political action committee.
Campaign Funds For 2026 Election
Although there are no winners yet for this year’s US election, cryptocurrency advocates are already setting their sights on the next US election in 2026.
CRYPTO BREAKING NEWS
Fairshake discloses $78m crypto donation war chest. Crypto bigwigs and Silicon Valley mastodons rallied Fairshake’s coffers for the U.S. 2026 mid-term election cycle, even hours before America decides its next president. check us out… pic.twitter.com/GmN2KyMpLB— InnovatekMobile (@Neome_com) November 4, 2024
Reports said that this early, Fairshake was able to raise $78 million to help pro-crypto candidates win the 2026 US election.
In an interview, Fairshake revealed that during this US election, it successfully raised about $170 million in campaign funds wherein an estimated $135 million was used to help pro-crypto candidates.
The political action group said that Coinbase, Ripple Labs, and Andreessen Horowitz were the major donors while the remainder were given by individuals, like the Winklevoss twins who donated $5 million, and other companies.
Lobbying With The US Congress
Dixon said that aside from campaign contributions, his group will not stop from engaging with US policymakers to explain the technology and its benefits.
“We will introduce them to entrepreneurs and creators building with blockchain technology to show first-hand the challenges they face when laws are murky but lawsuits are plenty,” he said.
He urged current and future lawmakers to pass legislation that will eliminate the “bad actors” in crypto as well as laws that will encourage competition in the stablecoin sector.
Featured image from Fairshake, chart from TradingView