Coinbase, Ripple, and Andreessen Horowitz (a16z) plan to send representatives to the Republican National Convention (RNC) and later the Democratic National Convention (DNC).
On July 15, Politico said the companies would first “pleasure their case to GOP power brokers” to support an election outcome that delivers policies favorable to the industry, highlighting widespread Republican support for the crypto sector.
Politico highlighted the growing importance of crypto, quoting Rep. Dusty Johnson (R-S.D.), who called crypto an “issue that more and more people are interested in.”
Attending the RNC and DNC represents each company’s continued commitment to bipartisan crypto policy. The three companies are members of the Fairshake super PAC, which raised $177.9 million and spent $70.9 million during the 2024 election cycle. The super PAC aims to favor US candidates who support crypto, regardless of party affiliation.
It is unclear whether company representatives have arrived at the RNC, which ends on July 18. The DNC, meanwhile, will take place from August 19 to 24.
The companies did not respond Crypto Slates request for comment as of press time.
Parties divided over crypto
The firms’ presence at each convention follows the introduction of new party platforms.
Following a vote on July 9, the RNC added several 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 the protection of crypto mining and the right to self-custody and says crypto transactions should be free from government supervision and control.
The policy is consistent with Donald Trump’s position on crypto, as expressed during recent campaign appearances. The RNC confirmed Trump as its presidential candidate after a vote on July 15.
On July 13, the DNC published its draft platform, which did not contain any mention of crypto. The Biden administration and Democrats have been criticized for their strict treatment of the sector, despite the administration’s 2022 executive order aimed at promoting the responsible development of digital assets.