- Kamala Harris team want to learn about crpto
- Trump’s support from the crypto industry keeps swelling
- Blockchain Association has reached out to Harris team
As November draws close for the United States presidential election, Democrat flagbearer and Vice President, Kamala Harris, is looking to take a position on crypto. This is as Republican Party nominee Donald Trump's support from the crypto industry swells.
According to sources quoted by The Block, Harri’s team has reached out to ask questions and indicated interest in learning about crypto. With this interest, it's expected that Harris will take a position soon.
One of the sources described the discussion as a "relatively high-level intro conversation."
Another source was quoted as saying "My impression is they get that this matters," the source said. "They want to have positions on it… they're going to take their time."
Recall that Harris became the flagbearer after President Joe Biden stepped down on Sunday, July 21, 2024. Biden’s decision means he would not have a chance to be elected for a second term, and the acclaimed rematch with Trump will no longer hold.
The Biden administration has been described as anti-crypto and Trump has promised to end an "unlawful and un-American crackdown" on crypto.
Trump has not hidden his support for the industry and it has garnered him some support, including raising millions of dollars for his campaign.
Recall that just a day after the assassination attempt on Trump, he confirmed that, he would be speaking at Bitcoin 2024, the world’s largest Bitcoin conference, in Nashville, Tennessee. The conference started on July 25, 2024, and will end on July 27.
Kristin Smith is the CEO of the Blockchain Association. She said the association reached out to the Harris campaign. She said she hopes that they will connect soon.
Smith explained that the association would want to let Harris know that the crypto industry should be thoughtfully regulated.
"I think there's really a fresh opportunity here for her to show leadership from the top of the Democratic Party," Smith said.
For Moe Vela, a former advisor to Biden, it would be folly to neglect the crypto industry.
“From a political perspective, I think it's absolutely imperative—I mean, it's just foolish for either campaign not to recognize the political power of 75 plus million potential voters,” Vela said via The Block. “I don't know any data that shows that these are disproportionately one-issue voters, but even if they're not one-issue voters, you still, as a candidate for president of this country, must articulate your vision for how cryptocurrency will be integrated into our banking and finance and investment systems.”
Coinbase asks court to compel SEC chair Gary Gensler to release his secret emails
Meanwhile, TheRadar earlier reported that crypto exchange, Coinbase, has filed a motion asking a New York court to compel the Chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, to release his private emails. The emails will aid Coinbase in its suit against the regulator.
This came days after the exchange notified Judge Katherine Polk Failla of its intention to narrow its document request via a letter. Coinbase first requested a copy of Gensler's private correspondence (prior to and during his tenure as SEC Chair) in April, but the SEC and Judge Failla have since rebuffed the request.
