Republican

2024

Biden

Wednesday

Tornado Cash

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.&nbsp;
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 Glad to join <a href="https://twitter.com/mcuban?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@mcuban</a> and others next Wednesday in support of <a href="https://twitter.com/KamalaHarris?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@KamalaHarris</a>!<a href="https://twitter.com/Crypto4Harris?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Crypto4Harris</a> is focused on encouraging digital innovation and protecting American consumers. Story by <a href="https://twitter.com/EleanorTerrett?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@EleanorTerrett</a> and link for the Town Hall below.👇 <a href="https://t.co/xTRXegHo6c" target="_blank" rel="noopener noreferrer nofollow">https://t.co/xTRXegHo6c</a>— Rep. Wiley Nickel 🇺🇸 (@WileyNickel) <a href="https://twitter.com/WileyNickel/status/1821595839888073111?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 8, 2024</a>
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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 <a href="https://crypto.news/kamala-harris-looks-to-reset-relations-with-crypto-report/" target="_blank" rel="noopener noreferrer nofollow">repair</a> 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.&nbsp;
In July, at a crypto conference in Nashville, Trump <a href="https://www.politico.com/news/2024/07/27/trump-takes-aim-at-harris-over-crypto-00171516" target="_blank" rel="noopener noreferrer nofollow">attempted</a> 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 <a href="https://crypto.news/kamala-harris-takes-lead-ahead-of-trump-polymarket/" target="_blank" rel="noopener noreferrer nofollow">followers</a> that she does not support crypto.
The Former President’s allegations have given<a href="https://crypto.news/kamala-harris-takes-lead-ahead-of-trump-polymarket/" target="_blank" rel="noopener noreferrer nofollow"> Kamala’s team </a>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 <a href="https://x.com/BuckeyeeeB/status/1821740390069735469" target="_blank" rel="noopener noreferrer nofollow">concerns</a> about the Democrat’s recent shift to a pro-crypto stance, with some saying the party’s decision came a little too late.
Read more: <a href="https://crypto.news/okx-to-close-accounts-interacting-with-tornado-cash/" rel="noopener noreferrer nofollow"> OKX to close accounts interacting with Tornado Cash </a>

Democrats launch Harris for crypto campaign to strengthen pro-crypto talking points

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