Even before the US presidential election results are in, Andreessen Horowitz has pledged more than $23 million to the political action committee Fairshake and its affiliates to support crypto-friendly candidates during the midterm elections in 2026.

The donation by the venture capital firm known as a16z comes on the heels of Coinbase Global Inc. announcing a $25 million commitment to Fairshake for the next cycle of Congressional races last week.