Democratic supporters in the crypto industry have launched a campaign called Crypto for Harris to counter Donald Trump’s industry-specific calls, writes Eleanor Terrett of FOX Business.
🚨NEW from me: Democrats launch ‘Crypto for Harris’ campaign to counter Trump’s industry appeal
The Democratic arm of the cryptocurrency industry is determined not to let Donald Trump run away with the crypto vote this fall.https://t.co/YOSGpv1AWt
— Eleanor Terrett (@EleanorTerrett) August 7, 2024
Kamala Harris’ new advocacy group is holding a virtual meeting next week, with attendees including billionaire cryptocurrency advocate Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and several Democratic House members.
Crypto for Harris has approximately 50 members, with industry players and policy experts among its key organizers.
Donald Trump has been positioning himself as a “crypto president” in recent months, promising support for the industry and changes to regulatory policy. Speaking at the annual Bitcoin 2024 conference, the Republican candidate promised to create a strategic bitcoin reserve and fire SEC Chairman Gary Gensler “on day one” after being elected. However, he will obviously not be able to fulfill the latter, since the president-elect will take office in January 2025, Terrett noted.
Trump has also made significant progress in raising funds for his campaign from industry figures. His major donors included the Winklevoss brothers and Kraken co-founder Jess Powell, who each donated $1 million in digital assets. During Bitcoin 2024, the politician managed to raise more than $20 million in donations.
Terrett noted that Harriss added two digital asset advisors to her staff in late July: former Binance advisory board member David Plouffe and Gene Sperling, a former Ripple board member.
According to Terrett, a meeting of party officials and Harris advisers with representatives from Coinbase, Ripple, Stellar and other industry companies will take place on August 8, organized by Democratic Congressman Ro Hanna.
According to Polymarket, Harris, who has yet to make a single direct statement regarding cryptocurrencies, is already ahead of Trump, 50% to 49%. The volume of bets on the outcome of the presidential election has approached $550 million.
Earlier, Bitwise investment director Matt Hougan came to the conclusion that the attitude of politicians does not matter for the crypto industry. A similar opinion was expressed by former BitMEX CEO Arthur Hayes.
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Source: Cryptocurrency
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