Executives From Coinbase, Ripple and Another Crypto Firm Now Making Their Case to Republican Power Brokers: Report
Top crypto firms in the US are reportedly sending delegations to the Republican National Convention in Milwaukee this week.
Politico reports that officials from Coinbase, Ripple and the venture capital giant Andreessen Horowitz plan to attend the event to promote a pro-crypto legislative and regulatory agenda.
The same companies also reportedly plan to send representatives to the Democratic National Convention in Chicago next month.
Rep. Dusty Johnson (R-South Dakota) tells Politico that crypto “clearly is an issue that more and more people are finding an interest in.”
As the 2024 presidential campaign has heated up, the Republican Party and its presumptive nominee Donald Trump have increasingly courted the digital asset vote.
Earlier this month, the Republican National Committee released a new party platform that promised to support crypto and oppose the creation of a central bank digital currency (CBDC).
Former president Trump, who survived an assassination attempt over the weekend, has positioned himself as the crypto-friendly candidate despite previously painting digital assets as “a disaster waiting to happen.”
His 2024 presidential campaign has also started accepting crypto donations, receiving $2 million worth of Bitcoin (BTC) from Gemini crypto exchange co-founders Tyler and Cameron Winklevoss in June.
In May, a jury found Trump guilty on 34 felony counts related to falsifying business records ahead of the 2016 presidential election.
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Author: Conor Devitt
