Coinbase, Ripple, and Andreessen Horowitz (a16z) are planning to send representatives to both the Republican National Convention (RNC) and the Democratic National Convention (DNC). This move signifies their intention to engage with GOP power brokers and make a case for policies that are favorable to the crypto industry.
The companies’ participation in both political conventions underscores their commitment to bipartisan crypto policies. As members of the Fairshake super PAC, which has raised and spent significant amounts during the 2024 election cycle, they are aligning themselves with US candidates who support crypto across party lines.
Following recent party platform updates, the RNC has taken a strong stance in support of the crypto industry. The platform opposes a central bank digital currency (CBDC) and enforcement actions against crypto, while championing the protection of crypto mining and self-custody rights. Additionally, the RNC advocates for crypto transactions to be free from government surveillance and control, aligning with former President Donald Trump’s views on the matter.
As the RNC concludes on July 18, it remains unclear whether representatives from Coinbase, Ripple, and Andreessen Horowitz have arrived at the event. The upcoming DNC, scheduled to take place from August 19 to August 24, will provide another opportunity for these companies to engage with Democratic power brokers and advocate for crypto-friendly policies.
Overall, the involvement of these prominent crypto firms in the political arena highlights the growing importance of the industry and the need for proactive engagement with policymakers from both major parties. By participating in both the RNC and DNC, Coinbase, Ripple, and Andreessen Horowitz are showcasing their dedication to advancing favorable policies for the crypto sector, regardless of political affiliation.
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