Assist for Vice President Kamala Harris’s presidential marketing campaign is rising throughout the crypto group, with some {industry} leaders and executives planning a fundraising occasion for her subsequent month.
Regardless of Harris’s silence on crypto and ongoing criticism of the SEC’s enforcement actions below the Biden administration, a bunch of crypto buyers plans to lift at the least $100,000 for the Democratic nominee at a September 13 Washington fundraiser, in accordance with Reuters.
Why Crypto Lovers Need to Fundraise $100,000 For Harris
The occasion, set between the Congressional Black Caucus and Congressional Hispanic Caucus conferences, goals to unite a various group of donors. Ticket costs vary from $500 to $5,000.
Whereas the $100,000 objective is modest in comparison with the tons of of tens of millions Harris has raised since changing into the Democratic candidate in July, it alerts some {industry} assist for her over Republican nominee Donald Trump, who has attracted crypto donors with pro-industry insurance policies.
In the meantime, the occasion organizers hope that, if elected, Harris will undertake a extra favorable stance towards crypto, given the SEC’s strict strategy below President Biden.
“We wanted to make sure that with the change in the presidential nominee for the Democrats, that we were supportive and we came together to help her understand the importance of this industry,” mentioned organizer Tiffany Smith.
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The organizers additionally famous that the Harris marketing campaign was receptive in direction of crypto. They identified how a possible Harris administration may encourage crypto innovation and the way her marketing campaign workers has met with main crypto companies, together with Coinbase and Ripple. Notably, Brian Nelson, a senior adviser to the Harris marketing campaign, indicated on the Democratic Nationwide Conference that Harris would assist the expansion of rising applied sciences.
Nonetheless, this group assist displays solely a minority view, as many within the {industry} stay skeptical of Harris’s plans for crypto. They level to the sector’s ongoing struggles below the Biden administration, of which Harris is a component, and the SEC’s continued actions in opposition to the {industry}, together with a latest Wells Discover to NFT market OpenSea.
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Brian Quintenz, World Head of Coverage at enterprise capital agency a16z, emphasised the necessity for Harris to distance herself from the SEC’s strategy and description a transparent plan for supporting innovation whereas defending customers.
“Vice President Harris needs to not only rebuke the SEC’s approach, but lay out a detailed plan for how her potential administration would support this innovation while providing customer protection. It is now more critical than ever that she clarify her intent on this transformational technology and her approach to this industry were she to win in November,” Quintenz acknowledged.
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