Harris’s Campaign Advisors Advocate for ‘Responsible Business’ in Outreach to Crypto Industry
Advisors to Vice President Kamala Harris’s presidential campaign have initiated contact with key figures in the cryptocurrency industry.
The outreach aims to build relationships that could shape future regulatory frameworks, the Financial Times reported, citing sources familiar with the matter.
Recent outreach efforts have included notable industry players such as crypto exchange Coinbase, stablecoin company Circle, and blockchain payments firm Ripple Labs.
The move signals a potential shift in the Democratic approach to the tech and crypto sectors, traditionally considered more liberal but recently strained by the Biden administration’s regulatory stance.
Per the report, an insider revealed that Harris’s campaign intends to convey a message that the Democratic Party supports “pro-business, responsible business” practices.
Harris’s ascension as the Democratic presidential candidate presents an opportunity to mend relations with the tech industry, which has faced increasing scrutiny under the current administration.
In a recent post on X, Ripple CEO Brad Garlinghouse urged Harris to distance herself from critics like Rep. Brad Sherman (D-Calif.), a vocal opponent of cryptocurrency.
He emphasized that Democrats risk losing voter support by opposing crypto, while Republicans gain traction by promoting innovation within the U.S.
Jumping to conclusions and assumptions about candidates purely based on political affiliation without any policy proposals is holding the crypto industry back (similar to how tribalism has for years).
VP Harris is no stranger to Silicon Valley & has an incredible opportunity to… https://t.co/2kmKDZZXJe
— Brad Garlinghouse (@bgarlinghouse) July 24, 2024
Garlinghouse further noted that Harris, familiar with
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