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

With just one day left until the U.S. election, crypto companies have already invested tens of millions of dollars in the upcoming 2026 election cycle. Fairshake, a pro-cryptocurrency and bipartisan super PAC, said on Monday that it 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 crypto exchange 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 building a Congress of pro-cryptocurrency lawmakers. (CNBC)