PANews reported on July 16 that CryptoSlate cited Politico as saying that Coinbase, Ripple and Andreessen Horowitz (a16z) plan to send representatives to the Republican National Convention (RNC) and later to the Democratic National Convention (DNC). The companies will first "present their views to GOP power brokers" to support election results that produce policies that are favorable to the industry, and emphasize the Republican Party's broad support for the crypto field. It is unclear whether company representatives have arrived at the Republican National Convention, which will end on July 18. Meanwhile, the Democratic National Convention is scheduled to be held from August 19 to August 24.
All three companies are members of the Fairshake super PAC, which raised $177.9 million and spent $70.9 million during the 2024 election cycle. The super PAC aims to benefit U.S. candidates who support cryptocurrency, regardless of party membership.
