Vice President Kamala Harris’s campaign is working to rebuild the Democratic Party’s relationship with the crypto sector.
A recent Financial Times report revealed that Harris’s advisors have been in talks with executives from major crypto firms like Coinbase, Ripple, and Circle, aiming to create a cooperative dialogue and develop regulations that promote the growth and stability of the crypto industry.
This initiative addresses criticisms of President Joe Biden’s administration regarding its stringent approach to digital assets.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer videos every week!
Harris’s advisors have clarified that this initiative is not about securing campaign donations. Instead, it focuses on establishing a relationship that can lead to effective regulation of the cryptocurrency industry.
It also aims to change how business leaders view the Democratic Party and counter the belief that Democrats oppose business interests. The Harris campaign emphasizes being “pro-business, responsible business,” seeking to reassure the industry of the party’s commitment to fostering a healthy business environment.
The engagement with the crypto sector represents an effort to cultivate a regulatory environment conducive to the industry’s growth.
As the election approaches, the growing political influence of the cryptocurrency industry is increasingly apparent. Once skeptical about cryptocurrencies, former President Donald Trump has recently become a strong advocate for the industry, as evidenced by his keynote speech at the Bitcoin Conference in Nashville, Tennessee.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
