According to TechFlow, Coinbase, Ripple and Andreessen Horowitz (a16z) will send representatives to the Republican National Convention (RNC) and the Democratic National Convention (DNC) to fight for policies that are favorable to the crypto industry. The three companies are members of the Fairshake Super Political Action Committee, which has raised $177.9 million in the 2024 election cycle.
The Republican Party supports protecting crypto mining and self-custody rights and opposes central bank digital currencies (CBDCs) in its 2024 platform. The Democratic Party’s draft platform does not mention cryptocurrencies.