- Harris campaign may have taken the first steps towards crypto donations
- Crypto executives backing harris will soon organize a fundraiser too
As a seasoned crypto investor with a keen eye for political developments and their implications on the digital asset market, I find it intriguing to see Vice President Kamala Harris taking steps towards embracing cryptocurrencies. The move by Future Forward, a Super PAC linked to Harris, to accept crypto donations could be a significant milestone in mainstream acceptance of cryptos.
After several months of appearing hesitant about cryptocurrencies, Vice President Kamala Harris appears to be warming up to the investment class. Indirectly, yes, but not directly. A Coinbase executive has reported that a political action committee (Super PAC) linked to Harris, Future Forward, has been integrated into Coinbase Commerce and can now accept cryptocurrency donations
Within a few days, it’s been reported that the Harris campaign has been in discussions with various cryptocurrency organizations, such as Coinbase
During the 2024 TMT Conference held in New York by Citigroup, Coinbase CFO Alexia Haas made a statement. This statement was later corroborated by a release from Coinbase themselves
“It’s been verified that the Future Forward Political Action Committee (PAC) has partnered with Coinbase Commerce, allowing them to receive cryptocurrency donations.”
A Political Action Committee known as “Super PAC” has amassed millions of dollars for Kamala Harris’s presidential campaign so far. Presently, polls indicate that Harris maintains a narrow advantage over Former President Donald Trump. Yet, it’s evident that this Super PAC is of the opinion that cryptocurrency could play a pivotal role in the upcoming elections
Trump vs Biden… on Cryptos!
Many crypto holders express skepticism towards the Democratic Party, particularly in light of the Biden administration and SEC Chair Gary Gensler’s stance on the asset class. Notably, prominent Democrats such as Senator Elizabeth Warren have long been critical of cryptocurrencies
Contrary to what one might expect, many crypto investors tend to see Republicans, including Donald Trump, in a more favorable light. This is surprising given that during his presidency, he referred to the asset class as “not real money” and a “scam.” However, over the past two years, Trump has shown a shift towards being more accepting of cryptocurrencies, likely due to the growing financial power wielded by these digital entities
To begin with, Trump’s lead in the cryptocurrency sector was so substantial that approximately a month ago, he held meetings with numerous crypto executives at his Mar-a-Lago resort. At that time, it was alleged that certain Bitcoin mining executives had pledged to amass funds totaling more than $100 million for the ex-President
It appears that the Blockchain Association may be planning a charity event soon, with reports suggesting they are organizing a fundraiser specifically for the Vice President. Initially aiming to collect $100,000, experts within the organization believe this could be just the start of multiple such events in the future
It’s important to point out that these cryptocurrency leaders anticipate a lenient approach from the Harris administration towards the crypto industry. Moreover, they hope for her to exert control over the Securities and Exchange Commission’s activities in this sector
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2024-09-05 19:35