Vice President and Democratic candidate for the 2024 US elections Kamala Harris is reportedly reaching out to crypto companies in an attempt to reset her party’s previously negative attitude towards the industry.
The Financial Times (FT) reports that Harris’ advisers have reached out to America’s largest crypto companies, including crypto exchange Coinbase, payments company Ripple Labs and stablecoin issuer Circle, according to sources familiar with the matter.
The vice president’s office, Coinbase and Ripple declined to comment on the matter, while Circle did not contact FT.
According to one of FT’s unnamed sources close to the Harris campaign, the message the vice president wants to convey is that Democrats are now “pro-business, responsible business.”
The report comes as former president and Republican candidate Donald Trump has shifted to a completely supportive and friendly stance toward the industry, openly courting the pro-crypto voting bloc on one issue.
At the Bitcoin2024 conference in Nashville, Trump said he would fire Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), on the first day of his presidency and end policies that discouraged crypto investors and companies from prevents from using digital assets.
Under his administration, Trump says the US would stop selling its hoard of seized Bitcoin on the open market and instead strategically hold it as an investment.
“I present my plan to ensure that the United States will become the crypto capital of the planet and the Bitcoin superpower of the world. If crypto is going to define the future, I want it to be mined, minted and made in the US. If Bitcoin Goes to the Moon, I Want America to Lead the Way…
For too long, our government has broken the cardinal rule that every Bitcoiner knows by heart: never sell your Bitcoin. Today I am announcing that if elected, it will be my administration’s policy to retain 100% of all Bitcoin that the U.S. government currently owns or acquires in the future. This will essentially serve as the core of the strategic national Bitcoin supply.”
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