The approaching 2026 US midterm election could grow to be essentially 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 motion 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, founding father of a16z crypto, said that the results of the 2024 US elections wouldn’t wane down the commitment of crypto groups to legislators who will champion their industry.
Dixon remarked that no matter 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 greater than $23 million to Fairshake and its bloc to finance pro-crypto candidates within the 2026 midterm US election.
Achieving Crypto Policy Goals
Dixon explained that giving monetary contributions to political motion groups like Fairshake is one among the strategies being utilized to be sure that their industry will enact pro-crypto policies.
He said that Fairshake is a bunch established to support US lawmakers, each Republicans and Democrats who recognize that “crypto isn’t red or blue” but a vital part that can ensure america will still be the leader in technology within 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 constantly support the political motion committee.
Campaign Funds For 2026 Election
Although there aren’t any winners yet for this 12 months’s US election, cryptocurrency advocates are already setting their sights on the following 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 capable of raise $78 million to assist pro-crypto candidates win the 2026 US election.
In an interview, Fairshake revealed that in this US election, it successfully raised about $170 million in campaign funds wherein an estimated $135 million was used to assist pro-crypto candidates.
The political motion group said that Coinbase, Ripple Labs, and Andreessen Horowitz were the major donors while the rest got by individuals, just like the Winklevoss twins who donated $5 million, and other corporations.
Lobbying With The US Congress
Dixon said that apart from campaign contributions, his group won’t stop from engaging with US policymakers to clarify the technology and its advantages.
“We’ll introduce them to entrepreneurs and creators constructing with blockchain technology to point out first-hand the challenges they face when laws are murky but lawsuits are plenty,” he said.
He urged current and future lawmakers to pass laws that can eliminate the “bad actors” in crypto in addition to laws that can encourage competition within the stablecoin sector.
Featured image from Fairshake, chart from TradingView