Crypto Leaders Fund $100K Campaign for Kamala Harris as She Maintains Lead Over Trump

Crypto Leaders Raise $100K for Kamala Harris as Election Nears

In an effort to convince US Vice President Kamala Harris to adopt a softer stance on cryptocurrencies if she wins the presidency in November, cryptocurrency executives and industry advocacy groups have come together. In this context, they reportedly organized a $100.000 fundraising campaign for Harris.

Tickets for the Sept. 13 event in Washington, D.C., which is organized by the group and includes industry advocacy body the Blockchain Foundation, will cost between $500 and $5,000, according to a report published by Reuters on August 30. Despite Harris’s relative silence on her stance on cryptocurrency in comparison to rival Donald Trump, the attempt indicates that some in the business are endorsing Harris. FiveThrityEight data from September 1 shows that Harris has a 3.2% lead over Trump in national surveys, a lead she has held since President Joe Biden backed her and withdrew his candidacy for reelection.

Crypto Advocates Seek Harris’s Support as SEC Cracks Down on Industry Giants in 2024 Race

Making a statement about what crypto is for Democrats as a potentially new administration, according to Cleve Mesidor, executive director of the Blockchain Foundation, is the goal of the event. She further anticipated it would open up discussions about how a potential Harris administration should support the private sector and give more people of color access to capital.

With regard to cryptocurrency, the organizers are hopeful that the Democratic Party nominee will soften. The US Securities and Exchange Commission, acting on allegations of breaking securities laws, has taken enforcement actions against several of the biggest companies in the business during the Biden administration. Using super political action committees like Fairshake, which has spent millions organizing opposition to Harris’ Democratic Party, some of those major players—Coinbase and Ripple, among others—have poured $120 million into the 2024 race to sway the outcome.

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