Fun

Harris campaign aims to repair Democratic Party ties with crypto sector

News Feed - 2024-07-28 08:07:46

Amaka Nwaokocha12 hours agoHarris campaign aims to repair Democratic Party ties with crypto sectorAs the 2024 election approaches, the interplay between political strategies and industry dynamics will continue to evolve.11089 Total views44 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksIn a significant move to mend relations with the cryptocurrency sector, United States Vice President Kamala Harris’s advisers have reached out to top crypto companies to reset the strained ties between the Democratic Party and the crypto industry.


According to the Financial Times, members of Harris’s team have recently contacted individuals connected to major crypto companies. These efforts include outreach to leading cryptocurrency exchange Coinbase, stablecoin company Circle and blockchain payments firm Ripple Labs.Rethinking stance on digital assets


The goal is reportedly to foster a more constructive dialogue and establish a regulatory framework conducive to the industry’s growth. This outreach comes as the crypto industry has increased support for her rival, Republican Party nominee and former President Donald Trump. This initiative also follows mounting criticism of President Joe Biden’s administration’s stance on digital assets.


This shift comes in the wake of a letter signed by Democratic members of the US House of Representatives and 2024 candidates. The letter calls for the party to reconsider its approach to the digital asset industry, highlighting the importance of moving away from perceived hostility.


Advisers to the Harris campaign have reportedly clarified that the initiative to reconnect with the crypto sector is not primarily driven by a desire to secure electoral contributions. Instead, the focus is on building a positive relationship that can pave the way for a sensible regulatory framework.


The Harris campaign’s outreach is also reportedly part of a broader effort to reshape the perception of the Democratic Party among business leaders. The campaign aims to counter the notion that Democrats are anti-business, a sentiment that has grown amid the Biden administration’s focus on antitrust actions against tech companies.


Related:Trump quashes reports on Jamie Dimon and Larry Fink as his Treasury Secretary


By emphasizing a message of being “pro-business, responsible business,” Harris seeks to assure the industry of the party’s commitment to fostering a healthy business environment.Crypto’s emerging role in US politics


Trump, who once expressed skepticism toward cryptocurrencies, has recently emerged as a strong advocate for the sector. He delivered a keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27, highlighting his support for the industry.


This shift has garnered him substantial backing from the crypto community, making the sector an important source of funding for his campaign.


Pro-crypto super PAC Fairshake has raised over $200 million from prominent backers, including Coinbase, Ripple and venture capital firm Andreessen Horowitz. Meanwhile, Trump’s reelection campaign has seen roughly $3 million in cryptocurrency donated since he announced it would accept digital asset donations.


Magazine:Crypto voters are already disrupting the 2024 election — and it’s set to continue# Bitcoin# Cryptocurrencies# Government# Adoption# United States# Cryptocurrency Exchange# ElectionsAdd reaction

News Feed

Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise
Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise The digital currency firm Etoro has revealed it is laying off 100 workers or rou
Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware 
Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware  Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency the
William Suberg8 hours agoDid SBF really use FTX traders’ Bitcoin to keep BTC price under $20K?Bitcoin sales by FTX come to light as part of the SBF trial, as one prediction suggests that they stopped the BTC price from
Solana TVL hits near 1-year high — Will SOL price follow?
Marcel Pechman2 hours agoSolana TVL hits near 1-year high — Will SOL price follow?The total value locked on Solana surged but is this enough to send SOL price to a new all-time high?893 Total views18 Total sharesListen
US President-Elect Biden to Nominate MIT Blockchain Professor Gary Gensler as SEC Chairman
US President-Elect Biden to Nominate MIT Blockchain Professor Gary Gensler as SEC Chairman The U.S. President-elect Joe Biden is set to name Gary Gensler as the
Bitcoin price correction ‘very common’ if $56K lows hold — Peter Brandt
William Suberg9 hours agoBitcoin price correction ‘very common’ if $56K lows hold — Peter BrandtBitcoin bulls see signs of the worst being over as a BTC price bounce gathers pace toward $60,000.4660 Total views3 To
Solana ‘Must Break Descending Resistance’ To Regain Bullish Momentum – Analyst
Este artículo también está disponible en español. Solana is trading above a critical demand level of around $157, showing signs of a potential bounce after a recent pullb
National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay
National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay The National Power Administration of Paraguay has proposed to set a special mining fee fo
UK risks quantum startup exodus after Labour slashes incentives
Tristan Greene7 hours agoUK risks quantum startup exodus after Labour slashes incentivesA study from August 2023 suggested there were more than 50 UK-based quantum technology startups.793 Total views8 Total sharesListen
NoVa Battles: A Play to Earn Mobile Game That’s Building It’s Own Universe
NoVa Battles: A Play to Earn Mobile Game That"s Building It"s Own Universe press release PRESS RELEASE.NoVa Battles is a PlayToEarn mobile MOBA game developed with the core focus on
Bitcoin, Ethereum Technical Analysis: ETH Nears $1,500 Level to Start the Weekend
Bitcoin, Ethereum Technical Analysis: ETH Nears $1,500 Level to Start the Weekend Ethereum neared a breakout below $1,500 to start the weekend, pushing prices closer to a one-month
David Attlee13 hours agoCyprus to tighten crypto regulations in accordance with FATFThe Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering and Terrorist Financing Law.1879 To