Kamala Harris Campaign Courts Crypto Giants

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U.S. Vice President Kamala Harris’s campaign team is making efforts to mend strained relationships between the Democratic Party and the cryptocurrency industry.

Recent outreach to major crypto companies suggests a potential shift in the political party’s approach to digital assets regulation.

VP Seeks Crypto Boost as Trump Gains Traction

According to a July 28 report from the Financial Times, advisers to Harris have recently contacted entities connected to prominent crypto companies, including leading cryptocurrency exchange Coinbase, stablecoin company Circle, and blockchain payments firm Ripple Labs.

This initiative comes as the crypto industry has increasingly thrown its support behind Republican nominee and former President Donald Trump amid mounting criticism of the Biden administration’s stance on digital assets.

The outreach is reportedly aimed at fostering a more constructive dialogue and establishing a regulatory framework that is conducive to the crypto industry’s growth.

This move follows a letter signed by Democratic members of the U.S. House of Representatives and 2024 candidates, calling for a “reset” on crypto policy.

Speaking at the Bitcoin 2024 Conference on Saturday, Representative Wiley Nickel Stated that Vice President Harris “understands” crypto and may embrace it as an issue in her growing campaign for the White House.

“We had a total reset of the presidential election,” Nickel said, adding, “We’ve been working hard to get a reset from the Vice President.”

Harris Reshaping Public Perception Of The Democratic Party

The Harris campaign’s initiative is part of a broader effort to reshape the perception of the Democratic Party among business leaders.

It aims to counter the notion that Democrats are anti-business, a sentiment that has grown amid the Biden administration’s focus on antitrust actions against tech companies.

This could be seen in a July 3 interaction with billionaire and Bitcoin enthusiast Mark Cuban, who confirmed receiving inquiries from Harris’s camp about crypto. “I’m getting multiple questions from her camp about crypto,” he said, viewing it as a positive sign.

Cuban added that business leaders are warming to the prospect that Harris might be a stronger advocate for emerging tech sectors than her predecessor if elected.

However, advisers to the Harris campaign have clarified that the initiative is not primarily driven by a desire to secure votes, as Independent candidate Robert F. Kennedy Jr. has criticized Republican Donald Trump. Instead, the focus is on building a positive relationship that can pave the way for a sensible regulatory framework.

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