Yahya 
Reportedly planning a $100,000 fundraiser for U.S. Vice President Kamala Harris, industry advocacy organizations and crypto CEOs want to shape her viewpoint on cryptocurrencies should she win the president in November. The Blockchain Foundation is organizing the September 13 Washington event; an August 30 Reuters article said ticket prices go from $500 to $5,000.
This behavior indicates the industry’s inclination for Harris over her rival, Donald Trump, even if Harris keeps quite quiet on her view on cryptocurrency. Based on September 1 data from FiveThirtyEight, Harris has a 3.2% margin over Trump in national surveys, a margin she has maintained since stating her Democratic presidential candidacy from President Joe Biden.
Said Cleve Mesidor, executive director of the Blockchain Foundation, the event seeks to “make a statement about what crypto is for Democrats as a possibly new administration.” She also hoped it would start conversations on how a Harris government can help companies and provide minorities greater financing access.
Under President Biden, the Securities and Exchange Commission (SEC) is tough, hence the organizers hope Harris will be more flexible with cryptocurrency. Alleging securities law breaches, the SEC has focused on big participants in the sector like Coinbase and Ripple.
Reacting to the SEC’s activities, several industry titans have heavily engaged in political influence; companies like Coinbase and Ripple have given $120 million to super political action committees (PACs) like Fairshake, which has attacked the Democratic Party’s posture on cryptocurrencies.
Leaders in the crypto field have already been involved in Harris’s campaign; industry meetings scheduled for July and August have already taken place. Brian Nelson, Harris’s top campaign manager, answered questions about her stance on cryptocurrency at the Democratic National Convention saying she would “support policies that ensure that emerging technologies and that sort of industry can continue to grow.”
The next event coincides with initiatives by another firm, Crypto4 Harris, which last month staged a virtual town hall with Democratic Party legislators, thereby attesting to the industry’s growing support for Harris’ presidential quest.
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