Goatseus Maximus (goat) 
The Democratic Party, in collaboration with Vice President Kamala Harris’s campaign team, has launched an initiative to address issues within the crypto industry.
On August 8, U.S. Congressman Wiley Nickel announced his participation in the Crypto4Harris campaign and his attendance at an upcoming meeting on July 14. He will join industry leaders, including Marc Cuban, to garner support for Kamala Harris from the crypto community.
Nickel expressed his enthusiasm on social media:
Glad to join Marc Cuban and others next Wednesday in support of Kamala Harris! Crypto4Harris is focused on encouraging digital innovation and protecting American consumers.
Crypto4Harris is described as a crypto advocacy initiative aimed at organizing and fundraising for Harris’s presidential campaign. The group is reportedly developing a detailed crypto-policy framework to support the campaign’s goals.
Harris’s campaign team appears to be working to improve the vice president’s relationship with the crypto community, which has been critical of the Biden administration’s approach to digital currencies. Pro-crypto Democrats are urging Harris to adopt a more favorable stance towards digital assets to compete with Republicans, who have consistently supported the crypto sector.
Republican lawmakers, spearheaded by former President Donald Trump, have ramped up efforts to attract crypto voters, a potential 50 million-strong voting bloc in the upcoming U.S. presidential elections.
In July, at a crypto conference in Nashville, Trump attempted to associate Harris with the Biden administration’s stringent regulatory stance on the digital asset industry. Although Harris has not publicly declared her position on crypto, her team is actively working to engage with the crypto sector. Trump has informed his followers that she does not support crypto.
This has posed a challenge for Harris’s team, who will be seeking to counter Trump’s narrative through 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. This move is seen by some as a final attempt to connect with the crypto industry.
Paul Grewal, chief legal officer at crypto exchange Coinbase, stated that the talks addressed the industry’s concerns, though he believes no concrete commitments were made during the discussion.
Some crypto enthusiasts have expressed their concerns about the Democrats’ recent shift to a pro-crypto stance, with some arguing that the decision came too late.
Stay updated with the latest news in the cryptocurrency world on Global Crypto News.
