Coinbase, a16z and other companies have invested more than $78 million in pro-crypto PACs in preparation for the 2026 election

PANews reported on November 4 that according to CNBC, with only one day left before the US election, crypto companies have invested tens of millions of dollars in the upcoming 2026 election cycle. Fairshake, a super political action committee that supports cryptocurrencies and cross-party, said on Monday that the committee and its affiliates have raised $78 million for the 2026 midterm elections.

The $78 million includes more than $30 million already raised, as well as an additional $48 million in commitments from other firms including crypto exchange Coinbase and Silicon Valley venture capital firm Andreessen Horowitz (a16z).

Overall, a16z has donated $70 million to Fairshake, with the venture capital firm looking to support the PAC’s larger mission of creating a Congress comprised of pro-crypto lawmakers.