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
firms
would
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
emphasized
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.”
Attendance
at
the
RNC
and
DNC
represents
each
company’s
continued
commitment
to
bipartisan
crypto
policies.
The
three
firms
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
membership.
It
is
unclear
whether
company
representatives
have
arrived
at
the
RNC,
which
concludes
on
July
18.
The
DNC,
meanwhile,
is
scheduled
to
run
from
Aug.
19
to
Aug.
24.
The
companies
did
not
respond
to
CryptoSlate’s
request
for
comment
as
of
press
time.
Parties
divided
on
crypto
The
firms’
attendance
at
each
convention
follows
the
release
of
new
party
platforms.
Following
a
July
9
vote,
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
says
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
following
a
vote
on
July
15.
On
July
13,
the
DNC
published
its
draft
platform,
which
did
not
include
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
aiming
to
promote
responsible
development
of
digital
assets.
Mentioned
in
this
article
Go to Source
Author: Mike Dalton
