{"id":433294,"date":"2024-07-16T00:30:42","date_gmt":"2024-07-15T23:30:42","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=433294"},"modified":"2024-07-15T23:25:00","modified_gmt":"2024-07-15T22:25:00","slug":"coinbase-ripple-a16z-to-attend-republican-and-democratic-national-conventions","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/coinbase-ripple-a16z-to-attend-republican-and-democratic-national-conventions\/","title":{"rendered":"Coinbase, Ripple, a16z to attend Republican and Democratic National Conventions"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\">Coinbase<\/a>, <a href=\"https:\/\/cryptoslate.com\/companies\/ripple\/\">Ripple<\/a>, and <a href=\"https:\/\/cryptoslate.com\/companies\/a16z\/\">Andreessen Horowitz (a16z)<\/a> plan to send representatives to the Republican National Convention (RNC) and, later, the Democratic National Convention (DNC).<\/p>\n<p>On <a href=\"https:\/\/www.politico.com\/live-updates\/2024\/07\/15\/rnc-live-updates-coverage\/crypto-crashes-the-rnc-00168275\">July 15<\/a>, Politico said the firms would first &#8220;make their case to GOP power brokers&#8221; to support an election outcome that produces policies favorable to the industry, highlighting widespread Republican support for the crypto sector.<\/p>\n<p>Politico emphasized the growing importance of crypto, quoting Rep. Dusty Johnson (R-S.D.), who called crypto an &#8220;issue that more and more people are finding an interest in.&#8221;<\/p>\n<p>Attendance at the RNC and DNC represents each company's continued commitment to bipartisan crypto policies. The three firms are members of the <a href=\"https:\/\/cryptoslate.com\/andreessen-horowitz-donates-25-million-to-fairshake-super-pac\/\">Fairshake super PAC<\/a>, 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.<\/p>\n<p>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.<\/p>\n<p>The companies did not respond to <em>CryptoSlate's<\/em> request for comment as of press time.<\/p>\n<h2>Parties divided on crypto<\/h2>\n<p>The firms' attendance at each convention follows the release of new party platforms.<\/p>\n<p>Following a <a href=\"https:\/\/cryptoslate.com\/bitcoin-to-be-added-to-official-republican-2024-platform-after-todays-vote\/\">July 9<\/a> 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.<\/p>\n<p>It supports protecting crypto mining and self-custody rights and says crypto transactions should be free from government surveillance and control.<\/p>\n<p>The policy aligns with <a href=\"https:\/\/cryptoslate.com\/people\/donald-trump\/\">Donald Trump's<\/a> stance on crypto, as expressed during recent campaign appearances. The RNC <a href=\"https:\/\/cryptoslate.com\/trump-picks-pro-crypto-running-mate-as-republican-party-makes-him-official-presidential-nominee\/\">confirmed<\/a> Trump as its presidential candidate following a vote on July 15.<\/p>\n<p>On July 13, the DNC published its draft platform, which did not include any mention of crypto.\u00a0The <a href=\"https:\/\/cryptoslate.com\/people\/joe-biden\/\">Biden<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &#8220;make their case to GOP power brokers&#8221; to support an election outcome that produces policies favorable to the industry, highlighting widespread Republican support [&hellip;]<\/p>\n","protected":false},"author":1403,"featured_media":429294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77968,77644,11],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase, Ripple, a16z to attend Republican and Democratic National Conventions<\/title>\n<meta name=\"description\" content=\"Coinbase, Ripple, and Andreessen Horowitz (a16z) plan to send representatives to the Republican National Convention (RNC) and, later, the Democratic National Convention (DNC).\" \/>\n<meta name=\"robots\" content=\"index, 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