Andreessen Horowitz Donates $25 Million to Fairshake PAC (1)

Venture capital firm Andreessen Horowitz donated $25 million to the political action committee Fairshake, the latest large donation from a digital-asset firm to support crypto-friendly candidates ahead of looming US elections.

The move shows the crypto industry’s growing political presence before the November presidential and Congressional races. Crypto payments company Ripple Labs announced a $25 million donation to Fairshake on Wednesday. The super PAC paid for attack ads against anti-crypto Democratic Representative Katie Porter, who lost a Senate primary election in California in March. Fairshake and its allied super PACs have raised $135 million with the additional $50 million from ...