Ripple, Coinbase In Talks With Kamala Harris Over Crypto Shift
Highlights
- Kamala Harris' advisors contacted crypto companies including Ripple, Coinbase, and Circle for meetings.
- The move comes after the crypto community showed strong support for Donald Trump and criticized Biden.
- Donald Trump to attend and speak at the Bitcoin Conference today.
Kamala Harris campaign team is reportedly reaching out to crypto companies such as Ripple, crypto exchange Coinbase, and USDC stablecoin issuer Circle. Harris advisors approached top crypto companies in the United States to improve relations between the Democratic Party and the crypto industry.
Her rival Donald Trump has received huge donations and support from the crypto industry in the 2024 presidential election race.
Kamala Harris Teases Pro-Crypto Stance
US Vice President Kamala Harris’ advisors contacted crypto companies including cross-border payments leader Ripple, leading exchange Coinbase, and stablecoin company Circle, reported Financial Times on July 27.
Four people with knowledge of the matter said Harris’ campaign team has sought meetings with crypto companies in the upcoming days. Two sources familiar with the matter confirmed people close to these crypto companies are in talks with Harris.
The move comes after the crypto community showed strong support for Donald Trump and criticized Biden Administration. Crypto experts warned Democratic Party about a loss in the presidential election due to anti-crypto policies. Prediction markets indicated a drop in Joe Biden’s odds of winning the election amid crypto-focused campaigns.
However, Harris campaign reaffirmed that the decision to meet with crypto companies has little to do with attracting new donations. The underlying statement Harris wants to make is that the Democrats are “pro-business, responsible business”, said one person close to her campaign. Notably, Ripple and Coinbase have donated millions in pro-crypto PACs.
Also Read: Jupiter Skyrockets 20% Ahead Major Week And Announcement By Co-Founder
Donald Trump At Bitcoin Conference
Donald Trump is attending the Bitcoin Conference in Nashville, Tennessee today to increase contributions for his pro-Bitcoin election campaign. Marc Andreessen, Ben Horowitz, and David Sacks have also endorsed Trump in the election, despite having previously supported several Democratic candidates.
They blamed Joe Biden and SEC Chair Gary Gensler for nuking the industry. “They have just fought us every step of the way, and using very nefarious means,” said Horowitz.
Trump’s pro-growth agenda includes the extension of the expiring tax cuts, deregulation, and government support for startups, especially tapping into artificial intelligence and cryptocurrency. Ripple Labs CEO Brad Garlinghouse has subtly warned Harris against anti-crypto lawmakers and politicians. Garlinghouse asserts Democrats stand a chance with their anti-crypto stance.
As CoinGape reported, BitGo CEO Mike Belshe will also be holding a fundraiser for Donald Trump’s campaign with special guest Republican vice-presidential nominee JD Vance.
Also Read: Shiba Inu Coin — 140M SHIB Burnt Weekly Projects Optimism, $0.0000369 Possible?
- Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin
- Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms
- Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder
- BREAKING: Nasdaq Files with US SEC to List BlackRock Bitcoin Premium Income ETF
- Mr Beast, Whales Buy ASTER Token Amid 20% Crash, What’s Next?
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
- Ethereum Price Eyes $8,600 As Institutions And Whales Double Down
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
