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

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

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.