In order to convince the 40 million American voters who hold cryptocurrencies, the Democratic Party has launched its “Crypto for Harris” program. The launch of this initiative highlights more than ever the importance of cryptocurrencies in the context of the American electoral campaign, a theme on which Donald Trump seems to have taken the lead over his rival Kamala Harris.
“Crypto for Harris” ready to hold public meeting to find solutions
Concerned about the delay accumulated in the face of Donald Trump on the subject of cryptocurrencies, Several members of the Democratic Party have come together to form the support group “Crypto for Harris”.
Through this initiative, its members seek to support Kamala Harris, Democratic candidate for the 2024 American presidential election, in her quest for the swing states.
👉 Find out why a possible Kamala Harris victory could impact the price of Bitcoin
An online town hall meeting is set to be held next week to find concrete solutions to confront Kamala Harris' Republican rival.
Many people are expected to participate, including Anthony Scaramucci, the founder of investment firm SkyBridge Capital, who has not hesitated to criticize Donald Trump's crypto policy.
Also noteworthy the participation of businessman Mark Cubana staunch Democrat and heavily involved in the crypto ecosystem. Several U.S. Representatives and Senators are also invited to speak.
Together, they will discuss ways to promote upcoming fundraisers for Kamala Harris' campaign, and especially its policy on cryptocurrencies.
Binance: the leading crypto exchange platform
Jonathan Padilla, CEO of Web3 marketing firm Snickerdoodle and one of the organizers of “Crypto for Harris,” spoke about the initiative:
“The United States must continue to be a leader in blockchain and cryptocurrency. Groups like Crypto for Harris are working hard to ensure the right policies and conversations take place to ensure this outcome.”.
Little by little, Kamala Harris is moving her pawns on the crypto chessboard
Since Kamala Harris was nominated as the Democratic candidate for the 2024 US presidential election, she has been struggling to catch up with her rival Donald Trump.
The current Vice President of the United States is suffering from the very conservative position of former Democratic candidate and current President Joe Biden on crypto..
Indeed, many players in the sector believe that The Biden administration's policy on cryptocurrencies is one reason for which this theme has become one of the major issues of the American electoral campaign.
Donald Trump quickly seized on the subject, positioning himself as a businessman concerned about cryptocurrencies. On the occasion of the Bitcoin 2024 conference, He promised significant changes for the Bitcoin and crypto ecosystem.
Confronted with this, Kamala Harris initiated discussions with companies such as Coinbase, Ripple Labs, and CircleOne of his supporters, Ro Khanna, a representative of the United States, even organized a meeting with the Democratic candidate to find solutions to ease her strained relations with the sector.
Finally, aware of the importance of this issue, Kamala Harris has decided to get support from two experts in the world of cryptocurrencies : David Plouffeformer advisor to the Binance exchange, and Brian Nelsonformer Under Secretary for Terrorism and Financial Intelligence at the United States Department of the Treasury.
Cryptoast Research: Don't Spoil This Bull Run, Surround Yourself With Experts
Source: FOX Business
The #1 Crypto Newsletter 🍞
Receive a daily crypto news recap by email 👌
What you need to know about affiliate links. This page may feature investment-related assets, products, or services. Some links in this article may be affiliate links. This means that if you purchase a product or sign up for a site from this article, our partner pays us a commission. This allows us to continue to provide you with original and useful content. There is no impact on you and you can even get a bonus for using our links.
Investing in cryptocurrencies is risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers must do their own research before taking any action and only invest within the limits of their financial capacities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with a high return potential implies a high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of these savings. Do not invest if you are not prepared to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
Surprised by the rise of crypto-assets in the late 2010s, I started to closely follow this sector that fascinates me to the highest degree. When I am not in football stadiums, rugby or handball halls, I work on writing relevant articles about cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
21 articles
