Tech giants such as Coinbase, Ripple, and Andreessen Horowitz (a16z) are making waves in the political landscape by sending representatives to the Republican National Convention (RNC) and the Democratic National Convention (DNC). Their goal is to advocate for policies that are favorable to the crypto industry.
The firms are part of the Fairshake super PAC, which has raised a significant amount of money during the 2024 election cycle. This super PAC is dedicated to supporting US candidates who are proponents of crypto, regardless of their party affiliation. This demonstrates the tech giants’ commitment to bipartisan crypto policies.
The decision to attend both the RNC and DNC underscores the increasing prominence of the crypto industry in the political realm. Rep. Dusty Johnson (R-S.D.) highlighted the growing interest in crypto among the general public, emphasizing its importance as an issue of relevance.
Both the RNC and DNC have incorporated crypto-related issues into their party platforms. The RNC, in particular, has taken a stance against a central bank digital currency (CBDC) and enforcement actions targeting the crypto sector. Instead, it supports measures to protect crypto mining and self-custody rights, advocating for transactions free from government intervention.
It remains to be seen whether the company representatives have already arrived at the RNC, with the convention concluding on July 18. The DNC is scheduled to take place from Aug. 19 to Aug. 24. As of now, the companies have not provided any response to inquiries about their attendance at the conventions.
The presence of tech giants such as Coinbase, Ripple, and Andreessen Horowitz at political conventions reflects the increasing influence of the crypto industry on policymaking. By engaging with both major political parties, these companies are actively shaping the discourse around crypto-related issues and advocating for policies that align with their interests.