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- Harris campaign may have taken the first steps towards crypto donations
- Crypto executives backing harris will soon organize a fundraiser too
After months of being on the back foot on cryptos, it would seem that Vice President Kamala Harris is finally embracing the asset class. Not directly, no, but by proxy instead. According to a Coinbase exec, Future Forward, a Super PAC linked to Harris, has been onboarded to Coinbase Commerce and will now accept crypto donations.
This statement comes within days of reports breaking out that the Harris campaign is talking to several crypto-entities, including Coinbase.
The aforementioned statement was made by Coinbase CFO Alexia Haas during Citigroup’s 2024 TMT Conference in New York. It was later confirmed by a statement from Coinbase itself –
“Coinbase can confirm that the Future Forward PAC has onboarded with Coinbase Commerce to accept crypto donations.”
This Super PAC – Short for Political Action Committee – has already raised millions of dollars for Kamala Harris’s Presidential campaign. Now, the latest polls suggest she still holds a slender lead over Former President Donald Trump. However, it’s clear this Super PAC thinks crypto could be a vital issue in these elections.
Trump vs Biden… on Cryptos!
Most crypto-holders still view the Democrats and Harris with some skepticism. Especially in light of how the Biden administration and the SEC’s Gary Gensler treated the asset class. Prominent Democrats like Senator Elizabeth Warren, for instance, have for long criticized cryptocurrencies.
On the contrary, most crypto-holders view Republicans more kindly and by extension, Donald Trump. This, despite the fact that while he was President, he called the asset class “not real money” and a “scam.” Over the last two years, in light of the significant financial muscle a lot of crypto-entities have, Trump has pivoted to become friendlier towards cryptos.
In fact, such was Trump’s headstart in the crypto-space that over a month ago, he met with many crypto exec at his Mar-a-lago resort. At the time, reports claimed than some Bitcoin mining execs had promised to raise upwards of $100 million for the former President.
This might change soon though. Especially as according to a Reuters report, the Blockchain Association is organizing a fundraiser for the Vice President. While it’s aim is to raise just $100,000 for now, insiders believe this will just be the first of such fundraisers.
Here, it’s worth noting that these crypto executives expect a friendly Harris administration to go easy on the crypto-sector. Also, they want her to rein in the SEC’s actions.
