Democratic Party lawmakers, in conjunction with Vice President Kamala Harris’s campaign team, have launched a campaign to discuss crypto industry matters.
On Aug. 8, U.S. Congressman Wiley Nickel announced he had joined the Crypto4Harris campaign and would attend the upcoming meeting on July 14. alongside industry leaders like Marc Cuban to help Kamala Harris win the crypto community’s votes.
Glad to join @mcuban and others next Wednesday in support of @KamalaHarris!@Crypto4Harris is focused on encouraging digital innovation and protecting American consumers.Story by @EleanorTerrett and link for the Town Hall below.👇 https://t.co/xTRXegHo6c
— Rep. Wiley Nickel 🇺🇸 (@WileyNickel) August 8, 2024
On X, Crypto4Harris is described as a crypto advocacy initiative focused on organizing and fundraising for Harris’ Presidential campaign. The group is reportedly crafting a detailed crypto-policy framework to support the campaign’s objectives.
Kamala’s campaign team is seemingly looking to repair the vice president’s relationship with the crypto community, which criticized the Biden administration’s approach to digital currencies. Pro-crypto Democrats are now urging Harris to adopt a more favorable stance towards digital assets to rival Republicans, who have been persistent in their pro-crypto stance.
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Republican lawmakers, led by former President Donald Trump, have increased their efforts to woo crypto voters, a community that could potentially account for 50 million votes in the upcoming U.S. presidential elections.
In July, at a crypto conference in Nashville, Trump attempted to link Harris with the Biden administration’s stringent regulatory stance on the digital asset industry. Although Harris has not publicly declared her position on crypto, with her team actively working to engage with the crypto sector, Trump has told his followers that she does not support crypto.
The Former President’s allegations have given Kamala’s team a tough time, and they will be seeking to counter Trump’s politics using the Harris for crypto campaign.
Recently, Congressman Ro Khanna led senior White House officials in a call with several cryptocurrency leaders and former members of the Biden administration, which some people believe is a last-ditch effort to connect with the crypto industry.
Paul Grewal, chief legal officer at crypto exchange Coinbase, said that the talks grasped the industry’s concerns, although he believes no concrete commitments were made during the discussion.
Some crypto enthusiasts on X have expressed their concerns about the Democrat’s recent shift to a pro-crypto stance, with some saying the party’s decision came a little too late.
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