Coinbase, Ripple, a16z to attend Republican and Democratic National Conventions

Coinbase, Ripple, and Andreessen Horowitz (a16z) plan to send representatives to the Republican National Convention (RNC) and (DNC).

Coinbase, Ripple, and Andreessen Horowitz (a16z) will send representatives to the Republican National Convention (RNC) and the Democratic National Convention (DNC), Politico reported on July 15.

The firms will first “make their case to GOP power brokers” to support an election outcome that produces policies favorable to the crypto industry, given the widespread Republican support for the sector.

Politico highlighted the growing importance of crypto, with Rep. Dusty Johnson (R-S.D.) calling it an “issue that more and more people are finding an interest in.”

The companies’ attendance at both conventions shows their continued efforts to promote bipartisan crypto policies.

Coinbase, Ripple, and a16z are all members of the Fairshake super PAC, which has raised $177.9 million and spent $70.9 million during the 2024 election cycle.

The super PAC aims to benefit U.S. candidates who support crypto, irrespective of their party affiliation.

It was not clear whether representatives from the companies had arrived at the RNC, which concludes on July 18. The DNC is scheduled to run from Aug. 19 to Aug. 24.

The companies did not respond to CryptoSlate’s request for comment at the time of publication.

Parties divided on cryptoThe firms’ attendance follows the release of new party platforms.

After a vote on July 9, the RNC added various crypto issues to its 2024 platform.

The outline opposes a central bank digital currency (CBDC) and the Democratic party’s enforcement actions against the crypto sector.

It supports protecting crypto mining and self-custody rights and states that crypto transactions should be free from government surveillance and control.

The policy aligns with Donald Trump’s stance on crypto, which he has expressed during recent campaign appearances. Following a vote on July 15, the RNC confirmed Trump as its presidential candidate.

On July 13, the DNC published its draft platform, which did not include any mention of crypto.

The Biden administration and Democrats have faced criticism for their strict treatment of the sector, despite the administration’s 2022 executive order to promote the responsible development of digital assets.

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