The forthcoming 2026 US midterm elections are set to become a landmark event for the cryptocurrency industry. Digital currency advocates are pledging their unwavering support to candidates who promise to foster an environment where the industry can flourish. Political super action committee (Super PAC) Fairshake, among other groups, is actively engaging crypto enthusiasts to elect policymakers who will cultivate a regulatory framework conducive to the growth of the digital asset economy.
Fairshake’s Commitment to Pro-Crypto Policies
Chris Dixon, the founder of a16z crypto, has emphasized that the outcome of the 2024 US elections will not deter the commitment of crypto groups to legislators who advocate for their industry. Dixon asserted that, regardless of party lines, they are dedicated to supporting policymakers who will champion the establishment of a regulatory framework that safeguards crypto consumers while enabling the digital asset sector to thrive.
To demonstrate this commitment, Dixon recently contributed over $23 million to Fairshake and its allies to support pro-crypto candidates in the 2026 US midterm elections.
Strategies for Achieving Crypto Policy Goals
Dixon elaborated that financial contributions to political action groups like Fairshake are part of a broader strategy to ensure the implementation of pro-crypto policies. Fairshake aims to support US lawmakers, from both Republican and Democrat parties, who understand that cryptocurrency transcends political affiliations and is a crucial element in maintaining the United States’ leadership in technology in the coming years.
Currently, the total cryptocurrency market cap stands at $2.2 trillion. Fairshake has made significant progress in embedding cryptocurrencies in the national discourse for the US election cycle, and Dixon expressed pride in their ongoing support for the political action committee.
Building Campaign Funds for the 2026 Election
Although the winners of this year’s US election are yet to be determined, cryptocurrency advocates are already looking ahead to the 2026 elections. Reports suggest that Fairshake has amassed a staggering $78 million early on to bolster pro-crypto candidates in the upcoming election.
In an interview, Fairshake disclosed that during this election cycle, they successfully raised approximately $170 million in campaign funds, with an estimated $135 million allocated to aid pro-crypto candidates. Major contributors include Coinbase, Ripple Labs, and Andreessen Horowitz, alongside individual donors such as the Winklevoss twins, who contributed $5 million, and other supportive companies.
Lobbying and Engagement with US Congress
Dixon emphasized that beyond financial contributions, engaging with US policymakers remains a priority for his group. The goal is to provide lawmakers with a comprehensive understanding of blockchain technology and its advantages. “We aim to introduce them to entrepreneurs and creators working with blockchain technology to highlight the challenges faced when laws are ambiguous, yet lawsuits are abundant,” he stated.
He urged both current and future lawmakers to enact legislation that addresses the issue of “bad actors” within the crypto space and to promote competitiveness in the stablecoin sector.
