Kamala Harris’ campaign postponed a key meeting with top crypto industry players.
The delay sparked speculation about the Democrats’ need to solidify their crypto policy.
The crypto community eagerly awaits a new date for the rescheduled meeting.
The highly anticipated meeting between Kamala Harris’ presidential campaign and top crypto industry players has been postponed with no word yet on the new date, according to Fox journalist Eleanor Terrett.
Terrett noted that the reason for the delay remains unclear. However, insiders are speculating that Democratic leaders may need more time to solidify their official policy position on crypto before engaging with the industry.
No word yet on a new meeting date. The reason for postponement wasn’t stated but one attendee is guessing Dem leaders need more time before they come out with an official policy position on #crypto. Given that @realDonaldTrump is running with it, they’ll have to take a position. https://t.co/EvZOISF5wX
— Eleanor Terrett (@EleanorTerrett) August 5, 2024
Notably, the meeting with top crypto industry players and White House officials seeks to neutralize the Democratic Party’s known anti-crypto stance, allowing Harris to reposition herself as a more crypto-friendly candidate. It aims to win over the cryptocurrency community in the fast-approaching U.S. elections.
The cryptocurrency industry has emerged as a crucial constituency in the U.S. presidential election, with an estimated 50 million Americans invested in digital assets. Both Kamala Harris and Donald Trump are vying for the support of this influential group, seeking to tap into their campaign contributions and votes.
Trump was quick to recognize the potential of the crypto community, engaging with them earlier this year and positioning himself as a champion of deregulation. By doing so, he aimed to capitalize on the widespread discontent among top industry players, who have been frustrated by the Biden administration’s aggressive regulatory agenda.
A few weeks ago, Trump electrified the Bitcoin Conference in Nashville, drawing a massive audience of crypto enthusiasts who cheered as he made two blockbuster promises. The former President vowed to transform America into the crypto capital of the planet and pledged to oust the notorious SEC chairman Gary Gensler on day one if re-elected to the White House.
As a result, the Democrats now feel pressure to articulate a clear and compelling vision for the future of digital assets in the upcoming meeting. California Democratic Rep. Ro Khanna is expected to host the meeting. It will feature National Economic Council chief Lael Brainard, Anita Dunn, a senior aide to President Biden, and White House Deputy Chief of Staff Bruce Reed.
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