Key Takeaways:
- Vice President Kamala Harris’s campaign is engaging with major crypto firms to rebuild the Democratic Party’s relationship with the cryptocurrency industry.
- Harris’s effort aims to counter criticism of the Biden administration’s stance on digital assets and attract support away from Donald Trump.
- Trump has received significant backing from the crypto community, including funding from pro-crypto super PACs and digital asset donations.
As the 2024 election approaches, Vice President Kamala Harris’s campaign is working to rebuild the Democratic Party’s relationship with the cryptocurrency industry.
Her advisers have reached out to major crypto firms like Coinbase, Circle, and Ripple Labs to foster a more positive dialogue and develop a regulatory framework conducive to industry growth.
Kamala Harris campaign looks for ‘reset’ with crypto companies https://t.co/67Y3yZYQwA
— Financial Times (@FT) July 27, 2024
This effort follows criticism of the Biden administration’s stance on digital assets and increased crypto support for Harris’s rival, Donald Trump.
Harris aims to reshape the perception of the Democratic Party among business leaders by emphasizing a pro-business stance.
“The problem is that Kamala is WORSE than Joe”: President Trump blasts Harris for opposing crypto at Bitcoin conference pic.twitter.com/kJubPGHvlg
— RSBN 🇺🇸 (@RSBNetwork) July 27, 2024
Meanwhile, Trump has garnered significant backing from the crypto community, with substantial funding from pro-crypto super PACs and digital asset donations to his campaign.
About The Author
Fleming Airunugba, a seasoned Web3 and crypto content expert, leverages his deep understanding of blockchain technology to bring the latest and most impactful news to the crypto community.
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