Crypto political committee receives $25 million donation from a16z amid Trump and Elon Musk's meeting

Source Fxstreet
  • Fairshake received another $25 million donation from venture capital firm a16z.
  • Donald Trump's pro-crypto stance continues as he allegedly sought counsel from Elon Musk.
  • President Joe Biden's campaign is allegedly reaching out to crypto industry players.

Andreessen Horowitz (a16z) made a new donation to the Fairshake Super PAC on Thursday following an alleged report that Donald Trump is seeking counsel on cryptocurrency guidelines from Tesla and Space X CEO Elon Musk.

a16z adds fresh donation to crypto PAC

Andreessen Horowitz (a16z) made a fresh $25 million contribution to the Fairshake Super political action committee (PAC) on Thursday, bringing its total donations to $47 million. Crypto expert and a16z's General Partner, Chris Dixon, revealed the latest donation.

This follows Ripple's $25 million donation to the Super PAC on Wednesday, making the company the committee's highest donor.

Read more: Ripple adds $25 million donation to political committee’s war chest

These donations aim to further Fairshake's mission to support pro-crypto candidates in the upcoming elections.

Meanwhile, a recent Bloomberg report claimed that former US President Donald Trump met with billionaire Elon Musk to seek counsel on crypto. 

The report suggests that both billionaires are discussing crypto policies, following Trump's recent positive attitude towards Bitcoin and crypto. It also alleged that Trump's campaign is considering bringing Musk to speak on cryptocurrencies at a convention.

"Trump campaign officials have also talked about the possibility of inviting Musk to speak at the Republican convention, but are still far from making a final decision," Bloomberg wrote.

Also read: US Presidential candidate Donald Trump is open minded to cryptocurrency, supports right to self custody

However, Elon Musk responded to the claims made by the report concerning his alleged meeting with Trump in an X post, stating that he has never had a conversation with Trump about cryptocurrencies. 

"Pretty sure I've never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do," said Musk.

In response to Trump's pro-crypto moves, President Joe Biden's campaign has allegedly been reaching out to crypto industry players, sources told The Block.

The sources said his camp has begun to see the crypto industry's potential impact on the forthcoming elections.

"The engagement effort, which started about two weeks ago, comes as Biden's camp increasingly recognizes the impact crypto-related issues could have on a presidential race that is likely to be close," The Block wrote.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Elon Musk is doing nothing to stop Tesla’s downfallTesla sales are collapsing worldwide, and Musk’s chaotic leadership and focus on political power plays are doing nothing to stop the downfall. The start of 2025 has been troubling, particularly in Europe, where Tesla saw a 45% drop in new registrations in January compared to the same period in 2024, with further declines in February. […]
Author  Cryptopolitan
Mar 24, Mon
Tesla sales are collapsing worldwide, and Musk’s chaotic leadership and focus on political power plays are doing nothing to stop the downfall. The start of 2025 has been troubling, particularly in Europe, where Tesla saw a 45% drop in new registrations in January compared to the same period in 2024, with further declines in February. […]
placeholder
Nvidia stock sinks 4% as Trump’s tariff plans rattle AI tradeNvidia shares fell over 4% early Monday after US President Donald Trump delivered a stern message about trade tariffs. Trump said on Sunday that no country would be given any special treatment regarding tariffs. He also signed new trade policies into effect on April 2, which he calls “Liberation Day.” This frightened investors, who had […]
Author  NewsBTC
Yesterday 01: 15
Nvidia shares fell over 4% early Monday after US President Donald Trump delivered a stern message about trade tariffs. Trump said on Sunday that no country would be given any special treatment regarding tariffs. He also signed new trade policies into effect on April 2, which he calls “Liberation Day.” This frightened investors, who had […]
placeholder
XRP Price Set For ‘Hot’ April With Low Fibonacci Levels And High $5-$8 TargetThe past 24 hours have been challenging for XRP holders. A sharp 5.8% decline in price has brought the asset close to testing critical support around $2, with selling pressure currently dominating XRP’s trading volume. The sentiment is turning bearish, but one analyst is confident in the cryptocurrency’s long-term trajectory, predicting that the altcoin is […]
Author  NewsBTC
Yesterday 01: 54
The past 24 hours have been challenging for XRP holders. A sharp 5.8% decline in price has brought the asset close to testing critical support around $2, with selling pressure currently dominating XRP’s trading volume. The sentiment is turning bearish, but one analyst is confident in the cryptocurrency’s long-term trajectory, predicting that the altcoin is […]
placeholder
PEPE Price Forecast: PEPE could rally to double digits if it breaks above its key resistance levelPepe (PEPE) memecoin approaches its descending trendline, trading around $0.000007 on Tuesday; a breakout indicates a bullish move ahead.
Author  FXStreet
21 hours ago
Pepe (PEPE) memecoin approaches its descending trendline, trading around $0.000007 on Tuesday; a breakout indicates a bullish move ahead.
placeholder
Gold price hits new all-time high ahead of Trump’s reciprocal tariffsGold price (XAU/USD) edges higher again for a second day this week and for the first day of the second quarter of 2025.
Author  FXStreet
16 hours ago
Gold price (XAU/USD) edges higher again for a second day this week and for the first day of the second quarter of 2025.
goTop
quote