Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

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.

Recommended Articles

Gold Price Forecast: Gold Price Falls Below $4,000, PCE Data May Push Gold Down to $3,900 As of today (June 25) during the Asian session, gold ( XAUUSD) was last priced at $3,976.90, down 0.54% on the day. After gold prices fell below $4,000 yesterday, they fluctuated around $

Author TradingKey

11 hours ago

As of today (June 25) during the Asian session, gold ( XAUUSD) was last priced at $3,976.90, down 0.54% on the day. After gold prices fell below $4,000 yesterday, they fluctuated around $

Crypto market sheds over 50% of its value amid Bitcoin's brief decline below $60K The crypto market has erased more than half of its value since reaching an all-time high in late 2025. The decline underscores the severity of the recent bear market and lack of a fresh catalyst to revive investor interest, according to a Wednesday X post by The Kobeissi Letter.

Author FXStreet

18 hours ago

The crypto market has erased more than half of its value since reaching an all-time high in late 2025. The decline underscores the severity of the recent bear market and lack of a fresh catalyst to revive investor interest, according to a Wednesday X post by The Kobeissi Letter.

Gold Price Trend Forecast: Gold Price Risks Falling Below $4,000, PCE Data Is Key As of the European session today (June 24), gold prices ( XAUUSD) remained weak and fell intraday, touching an intraday low of $4,050 to hit a near two-week low, signaling clear short-ter

Author TradingKey

Yesterday 09: 11

As of the European session today (June 24), gold prices ( XAUUSD) remained weak and fell intraday, touching an intraday low of $4,050 to hit a near two-week low, signaling clear short-ter

$4,050: Gold dives to fresh two-week low as Fed rate hike bets boost US Dollar Gold (XAU/USD) drifts lower for the second straight day – also marking the fifth day of a negative move in the previous six – and drops to a nearly two-week low during the Asian session on Wednesday.

Author FXStreet

Yesterday 06: 10

Gold (XAU/USD) drifts lower for the second straight day – also marking the fifth day of a negative move in the previous six – and drops to a nearly two-week low during the Asian session on Wednesday.

WTI languishes near March lows, holds above mid-$72.00s amid easing supply concerns West Texas Intermediate (WTI) – the benchmark US Crude Oil price – consolidates during the Asian session on Wednesday and currently trades just above mid-$72.00s, near its lowest level since early March, touched the previous day.

Author FXStreet

Yesterday 01: 16

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – consolidates during the Asian session on Wednesday and currently trades just above mid-$72.00s, near its lowest level since early March, touched the previous day.

Popular Symbols