Kamala Harris seeks to rebuild ties with the crypto industry, hosting a pivotal meeting with industry leaders and enlisting key endorsements.
Author: Tanishq Bodh
Written On: Sat, 03 Aug 2024 17:31:41 GMT
Kamala Harris representatives will reportedly host a meeting in Washington on Monday for cryptocurrency industry leaders. The event comes barely a week after the Bitcoin 2024 Conference in Nashville, suggesting an inclination to tap pro-crypto voters. Harrisâ campaign is actively working to rebuild ties with the crypto industry, which has become a critical theme in the US ahead of the November elections.
Crypto remains a pivotal issue in the US elections, with both parties vying for the crypto voter community. Harrisâ team aims to reset Democratsâ stance on crypto, signaling a more pro-crypto approach. This move follows the recognition that the sector is consequential in the presidential ballot.
âBeware of the Big Bluff. Harris and her advisors are in the process of working on a âresetâ with the crypto industry. Being respectful of the Vice Presidentâs time, letâs be crystal clear here: Kamala Harris, please donât bother unless you are prepared to take swift, bold, and concrete action. You canât burn bridges for 4 years and expect to rebuild them with words alone. As President Trump astutely pointed out this weekend at The Bitcoin Conference, we are a high IQ industry. You and your party retired Joe Biden, a sitting President, which means you can definitely retire Gary Gensler before November. Show us what can be,â Cameron Winklevoss recently stated.
Harris is working to repair her strained relationship with the cryptocurrency industry as part of her presidential campaign. Her recent efforts have focused on mending her strained relationship with the cryptocurrency sector. These moves are aimed at bolstering her campaignâs appeal to the crypto sector and improving her election chances.
Despite industry support leaning heavily toward former President Donald Trump, who recently addressed the Bitcoin 2024 conference in Nashville and criticized current SEC Chair Gary Genslerâs stance on crypto, there is growing interest in Harris among industry players.
This follows support from J.P. Theriot, co-founder of Uphold, who recently endorsed Harris on X (formerly Twitter). Theriot, the first crypto executive to back the Democratic candidate, criticized Trumpâs promises as insubstantial and praised Harris for her potential to understand emerging technologies. He emphasized that Harrisâ campaign must demonstrate a genuine commitment to resetting relations with the crypto industry. He noted that adopting a common-sense approach could garner significant support. However, Theriot clarified that his support is personal and not reflective of Upholdâs stance.
âIn a 50/50 game, the only priority is having a seat at the table when policies are being formulated by the next Pres, regardless of who that is. We need to clear up misperceptions and reverse retrograde policies, in order to unleash the power of digital asset innovation,â Theriot stated.
Additionally, California Congressman Ro Khanna is scheduled to host a crucial meeting to facilitate Harrisâ efforts to improve crypto relations. According to Fox Businessâ Eleanor Terret, this meeting will involve key crypto industry figures and members of the Harris campaign.
Reports indicate that Harrisâ campaign has enlisted David Plouffe, a former advisor at crypto firm Alchemy Pay and a member of the Binance Global Advisory Board, as a Senior Adviser. Plouffe, who previously worked on former President Obamaâs team, is known for advocating regulatory clarity in the crypto space.
Real voices. Real reactions.
Add your reaction to this story:
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
Trump Discloses $57M Crypto Windfall from World Liberty Financial
EstateX Schedules Token Generation Event for June 18, 2025
SharpLink Gaming Becomes Largest Public ETH Holder With $463M Investment
Bybit Unveils TradFi Trading on App : Gold, Stocks, and Forex
Trump Discloses $57M Crypto Windfall from World Liberty Financial
EstateX Schedules Token Generation Event for June 18, 2025
SharpLink Gaming Becomes Largest Public ETH Holder With $463M Investment
Bybit Unveils TradFi Trading on App : Gold, Stocks, and Forex