Crypto industry drums support for Kamala Harris
A group of well-known personalities in the cryptocurrency industry are organizing a fundraiser in honor of U.S. Vice President Kamala Harris to sway her views on cryptocurrencies should she be elected president in November.
The fundraising event, scheduled for September 13 in Washington, D.C., has a $100,000 goal. The price range for tickets is $500 to $5,000. The Blockchain Foundation-led campaign shows that some members prefer Harris over her opponent, Donald Trump.
Notwithstanding the outcome, some well-known personalities within the cryptocurrency community remain optimistic regarding the prospect of advantageous crypto laws under the incoming government.
Brian Armstrong, the CEO of Coinbase, at an Aug. 1 earnings call, expressed optimism that the Republican and Democratic candidates would take a pro-crypto position.
Harris’s Democratic backers discussed the dangers of turning cryptocurrency into a political football amid not being present at the Bitcoin 2024 conference in Nashville,
Trump, on the other hand, claimed that Harris was “against crypto,” using her affiliation with the Biden administration as support.
The Democratic Party has been pushed by House lawmakers, under the leadership of Representative Nickel, to adopt a more progressive stance on digital assets.
According to FiveThirtyEight, Harris is leading Trump by just 3 points 2 percent in national polls. Since President Joe Biden declared on September 1 that he would not run for reelection and endorsed Harris, she has been able to hold the lead.
The Blockchain Foundation’s executive director, Cleve Mesidor, said that the purpose was to convey to Democrats the significance of cryptocurrencies, particularly in light of the possibility of a new administration taking office. Mesidor stressed that the occasion might start discussions about how a Harris administration could help the cryptocurrency industry and increase capital access, especially for people of color.
Under the Biden administration, the cryptocurrency industry has encountered numerous regulatory obstacles, with the Major companies being the target of enforcement actions by the Securities and Exchange Commission (SEC) for alleged violations of securities laws.
Well-known businesses like Coinbase and Ripple have invested $120 million in 2024 to sway the election’s outcome via super political action committees like Fairshake, which has been actively working against Harris’ Democratic Party.
The Harris campaign met with executives from the cryptocurrency business in July and August, demonstrating some level of involvement with the sector. Brian Nelson, a senior campaign adviser for Harris, stated during the Democratic National Convention that Harris would favor laws that encourage the development of cutting-edge technologies like cryptocurrencies.
ABOUT THE AUTHOR
See More
Sidebar rates
Add 3442
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals