By Hannah Lang
As the cryptocurrency industry seeks a softer regulatory stance, investors and executives are coming together to support Vice President Kamala Harris at a fundraising event in Washington. The goal is to raise at least $100,000 for the Democratic nominee, with tickets ranging from $500 to $5,000.
The event, organized by industry leaders like Cleve Mesidor and Tiffany Smith, aims to show support for Harris over Republican nominee Donald Trump, who has courted big crypto donors. The hope is that Harris, if elected, will ease up on regulations that have been tightening under the Biden administration.
The organizers are looking to start a conversation about how a potential Harris administration could foster crypto innovation and provide more opportunities for people of color in the industry. With prominent figures like Mark Cuban and Anthony Scaramucci speaking in favor of Harris, the momentum is building for the Democratic candidate.
While Harris has not yet publicly taken a stance on crypto, her campaign staff have been meeting with industry leaders, signaling a potential openness to the sector. Brian Nelson, a senior adviser for the Harris campaign, has expressed support for emerging technologies, which has been well-received by the crypto community.
Overall, the fundraising event and the industry's support for Harris signify a shift in the political landscape for crypto. As the industry continues to grow and evolve, having a supportive administration could mean significant opportunities for investors and businesses alike.