A crypto move from DNC presidential candidate Kamala Harris, has left many wondering if she is now pro-crypto like her Republican opponent Donald Trump. On Wednesday, Coinbase’s Chief Financial Officer Alesia Haas announced that the politician is now receiving crypto donations through the American cryptocurrency exchange.
As reported by Fortune, Haas disclosed this information in a discussion with Citigroup’s payments Director Peter Christiansen at the 2024 Global TMT Conference in New York. This latest development is a crucial pivot for Kamala Harris and could strengthen her ballot box count in the upcoming election. According to recent polls, the winning odds are already in favor of the United States Vice President.
By accepting virtual asset donations, Harris is following in the footstep of Trump who launched his crypto donation campaign before President Joe Biden dropped out of the race. Active since May, the 78-year-old politician’s crypto donations features Bitcoin (BTC), Ethereum (ETH), XRP, USDC and other digital currencies. This proactive stance made it easier for several crypto heavyweights to show their support to Trump.
Towards the end of Q2, 2024, he had received more than $4 million in digital assets. Most of the donations came from Cameron and Tyler Winklevoss, Gemini co-founder, Kraken CEO and Founder Jesse Powell, Ripple CLO Stuart Alderoty and former Messari CEO Ryan Selkis.
Coinbase’s involvement in the Kamala Harris crypto donations move is gradually giving credence to speculations that the exchange will give its support to her. On Tuesday, the exchange’s CLO Paul Grewal hinted at the likely disposition of the company toward the two political candidates.
For someone who is a significant part of the current administration that is keen on stifling crypto activities, Grewal was conservative when speaking about Harris. He claimed that her campaign team are now showing more interest in the industry. The Coinbase executive highlighted that they are even considering a new approach to what crypto and digital assets might look like under a potential Harris administration.
With a public announcement about the DNC candidate’s crypto donation strategy, the crypto community may not have to wait long for Coinbase to reveal its stance.
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