Bitrabo Editorial
A group of crypto industry supporters is organizing fundraising events in eight key US cities to support Vice President Kamala Harris as she gears up for the upcoming election. The initiative known as Crypto4Harris aims to raise funds and increase the industry’s influence within Harris’s campaign.
Promoting Change in the Crypto Sector
The fundraising events are scheduled to be held in Miami, Atlanta, Los Angeles, New York, Dallas, Chicago, San Francisco, and Philadelphia in September and October. The goal is to urge Harris to adopt more favorable policies for the decentralized finance (DeFi) sector.
Amid increased scrutiny of the crypto industry under the Biden administration, regulatory actions have impacted various crypto companies. Efforts to ease operational challenges for crypto firms have stalled in Congress, prompting the crypto community to seek a shift in policy direction.
With a substantial amount of resources and support in the crypto industry, backers are awaiting signs of policy evolution from Harris’s campaign before committing fully to fundraising efforts.
Expected Stance on Digital Assets by Harris
While Donald Trump has made public commitments to support the crypto industry, including changing SEC leadership, Harris has yet to clearly outline her position on digital assets. Nevertheless, her campaign has shown willingness to engage with virtual asset stakeholders and expressed a desire to facilitate industry growth through supportive policies.
Harris’s advisor, Brian Nelson, highlighted her intention to advocate for regulations that nurture emerging technologies and provide a stable framework for industry development, a sentiment echoed during her recent campaign engagements.
Despite Trump’s bold declarations as a pro-crypto figure, Harris’s approach reflects a more measured stance, emphasizing the need for stable regulatory structures. As fundraising efforts gain traction, the digital asset community remains hopeful for a shift towards more supportive regulations under Harris’s potential leadership.
The community anticipates Harris addressing digital asset concerns directly in her future speeches, aiming for a departure from the current stringent regulatory environment that has impacted the industry in recent times.
Image source: DALL-E, chart from TradingView.com