Democrats Launches “Crypto For Harris” To Gain Support From 40M US Crypto Holders

Key Points:

• Democrats launch “Crypto for Harris” for digital asset voters.
• Cuban and Scaramucci will host a virtual crypto town hall.

Crypto for Harris aims to rally 40M American voters with digital assets by hosting virtual meetings and hiring crypto advisers. The campaign seeks to position the US as a leader in blockchain and crypto.

The US Democratic Party is reportedly establishing a “Crypto for Harris” movement to rally 40 million American voters with digital assets to the party’s feelings toward blockchain and cryptocurrency.

“They plan to orchestrate a coordinated effort to convince the 40 million Americans who own digital assets that Trump and the Republicans are not the crypto party.”

“Crypto for Harris” Gathers Momentum

Backers of the campaign, including Mark Cuban and Anthony Scaramucci, have announced plans to host a virtual town hall meeting featuring leading Democrats and crypto proponents.

According to Jonathan Padilla, CEO of Web3 marketing firm Snickerdoodle, Crypto for Harris aims to position the United States as a leader in blockchain and crypto by ensuring the right policies and conversations take place.

The campaign comes at a time when the White House race between Trump and Harris, the Republican and Democratic nominees, is very tight. Earlier in the race, Trump raised over $20 million at the annual Bitcoin Conference in Nashville, and the crypto community has given him huge favours.

Read more: Bitcoin Price Rebound to $56,000 Sparks Optimism Despite Cautious Sentiment

Democratic Lawmakers and Crypto Industry Collaboration

As per FOX Business, Harris has hired two former crypto advisers, David Plouffe and Gene Sperling. To Moe Vela, a former adviser to Biden, their joining sends a very strong message of commitment to the industry.

Democratic lawmakers and crypto industry players are working together to hammer home the message to American digital asset holders that Trump and the Republicans are not the crypto party. Rep. Wiley Nickel, D-N.C., said there is a need to promote innovation while protecting consumers without politicizing the issue.

Separately, Rep. Ro Khanna, D-Calif., will hold a virtual meeting with industry leaders and Democratic operatives to discuss ways to support the Harris campaign and repair crypto relations.