Crypto: Kamala Harris Launches Offensive Against Donald Trump

Vice President Kamala Harris reaches out to the crypto industry as part of the 2024 presidential campaign. This initiative aims to restore the Democratic Party’s image with a strategic sector, as her Republican rival Donald Trump has taken a considerable lead in this area.

The Harris campaign reconnects with crypto to restore the Democratic image

The Harris campaign team has recently multiplied contacts with the main players in the crypto world. Exchanges have notably taken place with representatives from Coinbase, Circle, and Ripple Labs, three heavyweights in the sector. The stated goal is to reopen the dialogue and ease the tensions born from the perceived hostile positions of the Biden administration.

This move is part of a broader context of repositioning the Democratic Party. Indeed, several Democratic lawmakers and candidates have called for a change in approach towards digital assets. They emphasize the need not to stay away from an expanding industry that brings innovation.

Harris’ advisors insist that this openness is not primarily aimed at attracting campaign funding. Instead, it is about laying the foundations for a constructive relationship, with a view to developing a balanced regulatory framework for the sector.

A major electoral issue

The growing importance of cryptos in the race for the White House is no longer in doubt. Donald Trump, once skeptical, has turned into a fervent defender of bitcoin and other cryptos. His speech at the Bitcoin 2024 conference was noteworthy, with bold promises such as the firing of SEC Chairman Gary Gensler.

This spectacular conversion has already borne fruit for the Republican camp. The pro-crypto super PAC Fairshake has raised more than 200 million dollars from leading investors. The Trump campaign itself has received about 3 million dollars in crypto donations since it announced that it accepts this type of contribution.

Faced with this momentum, the Democrats cannot sit idly by. The Harris campaign seeks to counter the image of a party hostile to businesses, especially in the tech sector. By promoting a vision of “responsible capitalism,” it hopes to reassure the crypto industry about the party’s intentions.

As the 2024 elections approach, the support of the crypto community could prove to be decisive. Kamala Harris’ initiatives highlight the strategic importance given to this sector by both major American parties.