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US Vice President and Democratic presidential nominee Kamala Harris announced Minnesota Governor Tim Walz as her running mate for the November elections. With Walz’s choice, VP Harris and her campaign have not shown clear evidence of supporting the industry. However, a group of “crypto advocates” announced they had come together to support the Democratic nominee and “push” for a friendly stance on the sector. Crypto “Movement” To Support Harris’ Campaign After the announcement of Tim Walz as US Vice President’s running mate, a group of “industry leaders, policy experts, and everyday crypto enthusiasts” announced the creation of an advocacy group for Harris. The “Crypto Advocates For Harris” group joined together to back the Democratic nominee’s presidential campaign, claiming that it will push “for a nuanced policy stance that positions America as a leader in digital assets.” Advocacy group annouces movement to support Kamala Harris. Source: Crypto4Harris on X As reported by Fox Business journalist Eleanor Terrett, the group was seemingly created by a “collection of Democrats in the crypto space who don’t want to see Donald Trump run away with this issue.” It’s worth noting that Republican candidate Donald Trump has made his industry-friendly stance a pivotal point of his presidential campaign, promising to become the first “crypto president” in the US. As a result, the former US president received massive support from the industry. His pro-innovation and pro-industry stance have awarded him donations from key industry figures like the Winklevoss twins, Ripple’s CLO, and Kraken’s founder. Meanwhile, Biden’s administration has been heavily criticized for its overreaching regulations and hostile stance toward the sector, despite its recent efforts to appear more welcoming. Democratic Nominee Advocacy Group Faces Backlash The newly created advocacy group will hold a virtual Town Hall next Wednesday, August 14, to discuss their plans to support Harris’…

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Filed under: News - @ August 8, 2024 3:26 pm