The post Kamala Harris Campaign Reaches Out To Crypto Heavies appeared on BitcoinEthereumNews.com.

Vice President (VP) Kamala Harris’s campaign team has recently reached out to major crypto companies, including Coinbase, Circle, and Ripple Labs, aiming to rebuild relationships strained under the Biden administration, according to a recent report from Financial Times, citing sources familiar with the situation. Harris’ presidential campaign team seems to be looking to rebuild bridges with crypto firms. Wow – that was fast. Advisers to the Harris campaign said that the move is aimed at rebranding the Democratic Party as “pro-business, responsible business” to win back support from the tech industry, including those in the crypto sector. The VP has a long history of close ties to the tech industry, particularly Silicon Valley. Harris also reportedly seeks to create a regulatory environment that supports the growth of the cryptocurrency industry while addressing concerns about consumer protection and market stability. Despite the crypto industry’s growing disillusionment with current regulatory approaches, the move is not primarily about attracting new electoral contributions. The Lame Duck Following President Joe Biden’s withdrawal from the presidential race, Harris has become the presumptive Democratic nominee with President Biden’s endorsement. The new status positions her directly against Trump, the Republican nominee who has received strong support from the cryptocurrency industry. Harris’ public stance on Bitcoin and cryptocurrency is unclear. The VP has not made any direct statements about cryptocurrencies during her tenure. However, since President Biden’s withdrawal, her team has been reportedly reaching out to industry leaders, as well as high-profile figures to better understand the industry. Billionaire entrepreneur Mark Cuban said Harris’ campaign reached out to discuss cryptocurrency policy. Cuban revealed that he received “multiple questions” from the team about crypto, which he sees as a positive sign. According to a recent report from Fortune, Harris may share her stance on Bitcoin in the coming weeks as…

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Filed under: News - @ July 29, 2024 11:18 am