The Block Crypto News16 minutes ago

Published on May 30, 2024 16:30 GMT+00:00edited on May 30, 2024 16:34 GMT+00:00

The web3-focused crypto venture firm a16z Crypto has donated an additional $25 million to the pro-crypto federal super political action committee (PAC) Fairshake. 

A16z Crypto Founder and Managing Partner Chris Dixon announced the new donation Thursday on the social media platform X, noting the additional contribution brings the firm's total giving to Fairshake "and related entities" to $47 million. 

"This contribution along with others from the industry will be used to further Fairshake’s mission of supporting candidates from both sides of the aisle to promote American entrepreneurs and recognize the need for clear rules of the road for digital assets," Dixon wrote. "As an industry, we need to keep up the momentum and show that the U.S. can lead in creating the next wave of …