Kristin Smith, CEO of the Blockchain Association, a cryptocurrency lobbying group, said: "This US election shows that cryptocurrency as an industry, as well as a community, has a huge influence." According to data compiled by cryptocurrency researcher Molly White, crypto industry-backed political action committees spent about $133 million in the 2024 election, and will next focus on the 2026 midterm elections, when 33 of the 100 Senate seats and all 435 House seats will be contested. Coinbase has announced a commitment to provide $25 million to Fairshake, a political action committee that supports cryptocurrency candidates, for the campaign two years later. In addition, Andreessen Horowitz, one of Silicon Valley's largest venture capitalists, has pledged to invest more than $23 million in Fairshake and its affiliated PACs for the midterm elections. As CNBC reported in early November, Fairshake has raised a total of $78 million for the 2026 election. It can be seen that cryptocurrency political strategists are planning in years rather than months. Smith said Fairshake will remain active in the 2026 race, "This is not a fleeting thing," she added.
When asked about an interview with a16z about its political plans, a16z spokesperson repeatedly referred to a blog post written by partner Chris Dixon, which said: "While we take a long-term view of our policy strategy, we believe now is the time for Congress to act." (DL News)
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