Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
The political action committee's has so far supported several crypto-friendly winners in congressional primaries, often flooding the local markets with significant advertising dollars.
As Chris Dixon, the leader of a16z Crypto, was set to take the stage at CoinDesk's Consensus 2024 event, his firm announced the latest donation to the Fairshake PAC. This puts a16z and Ripple at comparable levels as the leading backers of Fairshake and its affiliates. The companies have each kicked in"That's one of our many policy efforts, and we see this as a very longterm effort," Dixon said at the conference."We will be – for many years – involved in this policy.
Fairshake – along with related PACs Defend American Jobs and Protect Progress – have already weighed in with millions for targeted congressional campaigns, with favored candidates from both political parties. The giving, which has frequently flooded a particular candidate with much more support than his or her opponents, has shown results in primary voting, with several crypto-friendly candidates winning those preliminary contests.
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