Crypto Industry Comes Together to Raise $100,000 for Kamala Harris

The cryptocurrency community is organizing a massive fundraiser on September 13 to raise over $100,000 for Democratic presidential candidate Kamala Harris. This incident shows how much the crypto industry wants to influence future regulations regarding digital money.

People are donating between $500 and $5,000 each, showing their strong support for Harris in her campaign.

While former President Donald Trump has received a lot of support from the crypto world, Kamala Harris is now attracting the attention of many in the industry. They see an opportunity for Democrats to enact new, better policies for digital assets.

The current administration, under President Joe Biden and SEC Chairman Gary Gensler, has been tough on the crypto industry.

Many companies have been warned of potential legal action, leading some to consider relocating their operations to countries with clearer and more favorable crypto laws.

Harris has yet to share her views on cryptocurrencies, which some in the industry see as an opportunity to help shape her policies.

Organizers believe this fundraiser is an important moment in establishing a new relationship between the Democratic Party and the crypto industry. Cleve Messidor of the Blockchain Foundation said the event could help the party understand the importance of crypto.

“We wanted to make sure that with the new Democratic nominee, we showed our support and helped them understand how important the crypto industry is,” said WilmerHale’s Smith.

A new group called “Crypto4Harris” has been formed to support Harris, with endorsements from celebrities such as Dallas Mavericks owner Mark Cuban and former White House communications director Anthony Scaramucci.

His endorsement reflects the growing interest in Harris within the crypto community, as he moves to the U.S. Expect to influence the future of digital asset regulations in the U.S.

FAQs: