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August 20, 2026 11:20 am
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The U.S. crypto industry is deploying large political funding ahead of the 2026 midterm elections, Reuters reported. Fairshake, a crypto super PAC funded mainly by Coinbase, Ripple and Andreessen Horowitz, or a16z, had secured $193 million at the start of the year and now holds about $130 million. Reuters added that a16z has donated more than $81 million to crypto and AI PACs tied to this midterm cycle, with at least $23.8 million of that going to Fairshake.