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. Harris’ 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.
A Push for Pro-Crypto Stance
Crypto remains a pivotal issue in the US elections, with both parties vying for the crypto voter community. Harris’ team aims to reset Democrats’ stance on crypto, signaling a more pro-crypto approach. This move follows the recognition that the sector is consequential in the presidential ballot.
“Beware of the Big Bluff. Harris and her advisors are in the process of working on a ‘reset’ with the crypto industry. Being respectful of the Vice President’s time, let’s be crystal clear here: Kamala Harris, please don’t bother unless you are prepared to take swift, bold, and concrete action. You can’t 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,” Cameron Winklevoss recently stated.
Efforts to Mend Relations
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 campaign’s 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 Gensler’s stance on crypto, there is growing interest in Harris among industry players.
Key Endorsements and Strategic Moves
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 Trump’s promises as insubstantial and praised Harris for her potential to understand emerging technologies. He emphasized that Harris’ 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 Uphold’s stance.
“In 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,” Theriot stated.
Additionally, California Congressman Ro Khanna is scheduled to host a crucial meeting to facilitate Harris’ efforts to improve crypto relations. According to Fox Business’ Eleanor Terret, this meeting will involve key crypto industry figures and members of the Harris campaign.
Strategic Advisor Enlistment
Reports indicate that Harris’ 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 Obama’s team, is known for advocating regulatory clarity in the crypto space.
