Coinbase, Ripple, and a16z Plan to Court docket GOP and Democratic Energy Brokers at RNC and DNC

Coinbase, Ripple, and Andreessen Horowitz (a16z) plan to ship representatives to the Republican Nationwide Conference (RNC) and, later, the Democratic Nationwide Conference (DNC).

Coinbase, Ripple, and Andreessen Horowitz (a16z) are sending representatives to the Republican National Convention (RNC) and later, the Democratic National Convention (DNC).

On July 15, Politico reported that the companies will first “make their case to GOP power brokers” to support an election outcome that produces policies favorable to the industry, highlighting widespread Republican support for the crypto sector.

Politico also noted the growing importance of crypto, quoting Rep. Dusty Johnson (R-S.D.), who called crypto an “issue that more and more people are finding an interest in.”

The attendance at the RNC and DNC comes as part of the companies’ broader efforts to support bipartisan crypto policies. All three companies are 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 US candidates who support crypto, regardless of party affiliation.

It was unclear whether representatives from the companies had arrived at the RNC, which concludes on July 18. The DNC, meanwhile, is set to take place from Aug. 19 to Aug. 24.

The companies did not respond to CryptoSlate’s request for comment at press time.

Parties divided on crypto

The companies’ attendance at each convention follows the release of new party platforms.

After a vote on July 9, the RNC added several crypto provisions to its 2024 platform. The纲要 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, 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 unveiled its draft platform, which did not include any mention of crypto. The Biden administration and Democrats have faced criticism for their perceived heavy-handed treatment of the sector, despite the administration's 2022 executive order aiming to promote the responsible development of digital assets.

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