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

Odaily Odaily News: With only one day left until the US election, crypto companies have already invested tens of millions of dollars in the upcoming 2026 election cycle. Fairshake, a pro-cryptocurrency and bipartisan super political action committee, said on Monday that the committee and its affiliates have raised $78 million for the 2026 midterm elections, including more than $30 million already raised and an additional $48 million in commitments from other companies such as the crypto exchage Coinbase and Silicon Valley venture capital firm Andreessen Horowitz (a16z). Overall, a16z has donated $70 million to Fairshake, and the venture capital firm hopes to support the PAC's larger mission of establishing a Congress of pro-cryptocurrency legislators. (CNBC)