Andreessen Horowitz tops midterm election donor list

Venture capital firm Andreessen Horowitz has contributed more than $115.5 million to political action committees and super PACs in the current election cycle. An analysis by The New York Times identifies the firm as the largest donor so far. The spending supports interests in technology, cryptocurrency, and artificial intelligence.

The firm was founded in 2009 by Marc Andreessen and Ben Horowitz. It manages assets exceeding $100 billion and has backed companies including Meta, Lyft, and Airbnb. Donations have risen sharply since 2024 compared with prior cycles.

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Voters line up at a Chicago polling station during Illinois primaries, with symbolic campaign spending piles and signs highlighting Senate race tensions and AIPAC influence.
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Illinois primaries: Senate race and party divides amid heavy AIPAC House spending

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Illinois Democratic primary voters head to the polls Tuesday in a high-stakes U.S. Senate race to replace retiring Sen. Dick Durbin, alongside House contests drawing massive outside spending. AIPAC's nearly $22 million targets moderates in key House races amid Israel policy tensions, with total external funds from AIPAC, tech, and crypto interests reaching $50 million. Gov. JB Pritzker's backing of one Senate hopeful has sparked backlash from Black leaders.

A crypto-funded super PAC called Fairshake is launching seven-figure ad campaigns against two Illinois state lawmakers running for Congress. The group aims to defeat candidates who supported state-level crypto regulations. This spending previews how the industry plans to use its $190 million fund to influence elections.

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A POLITICO Poll reveals broad U.S. unease with artificial intelligence and cryptocurrency—even spanning 2024 Trump and Harris voter bases—as pro-industry super PACs pour tens of millions into 2026 midterm races. Pluralities see crypto as too risky and AI advancing too quickly, with voters favoring candidates backed by groups pushing stricter regulations.

Our Revolution, a group backed by Sen. Bernie Sanders, has endorsed billionaire Tom Steyer in California's Democratic gubernatorial primary despite its opposition to billionaires. The endorsement marks the first time the organization has backed a billionaire for public office. Steyer leads polling among Democrats ahead of the June 2 top-two primary.

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Harvard University's endowment has reduced its bitcoin holdings while purchasing shares in a BlackRock ether ETF. Analysts attribute the move to portfolio rebalancing amid volatility and liquidity needs rather than a shift away from crypto. The actions signal growing institutional interest in assets beyond bitcoin.

The UK government has introduced strict new rules capping political donations from British citizens abroad at £100,000 annually and imposing an immediate moratorium on cryptocurrency contributions. The measures, prompted by scrutiny of large gifts from a Tether-linked billionaire to Reform UK, aim to curb foreign financial influence. Communities Secretary Steve Reed described the threat as more acute due to tracing challenges with overseas funds and crypto.

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After winning the Texas Democratic U.S. Senate primary last month, state Rep. James Talarico announced a record $27 million fundraising haul for the first quarter of 2026—the largest ever for a Senate candidate in an election year's opening quarter. The grassroots-driven funds, mostly small donations, bolster his general election bid against the winner of the ongoing GOP primary runoff between Sen. John Cornyn and Attorney General Ken Paxton.

 

 

 

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