a16z Crypto Pledges $23M for Bipartisan Support of US Crypto Regulations

Quick Summary:

On Monday, a16z Crypto announced an additional $23 million in funding for Fairshake, for bipartisan support of US crypto regulations. Fairshake, the crypto-oriented political action committee, boasts over $78 million in funds for the upcoming Congressional election cycle, bolstered by a new commitment from the venture capital firm Andreessen Horowitz (a16z).

Dixon added that whatever gets decided in Washington, the ramifications will mirror on the future of the potential crypto industry.

Dixon also noted that the support will extend across party lines to ensure ongoing bipartisan backing for crypto-friendly policies, regardless of the outcome of the US presidential election.

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Author / Journalist: Teuta

Category: Crypto

Markets: IndiaCroatia

Topics: Coinbase Andreessen Horowitz U.S. Crypto Regulation 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 16:35:58 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 574 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 23400524

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