The Harris campaign is reaching out to top crypto companies to repair strained ties between the Democratic Party and the crypto industry.
Points
- Harris campaign reaching out to major crypto companies.
- Efforts to foster constructive dialogue and establish regulatory frameworks.
- Aim to reset strained relations and support industry growth.
In an effort to mend relations with the cryptocurrency sector, Vice President Kamala Harris’s advisers have initiated outreach to top crypto companies. This move aims to reset the strained ties between the Democratic Party and the crypto industry.
According to the Financial Times, Harris’s team has recently contacted major players such as Coinbase, Circle, and Ripple Labs. The goal is to foster a more constructive dialogue and establish a regulatory framework conducive to the industry’s growth. This initiative follows mounting criticism of President Joe Biden’s administration’s stance on digital assets.
Rethinking Stance on Digital Assets: The outreach is not driven solely by a desire to secure electoral contributions but to build a positive relationship with the crypto industry. The Harris campaign seeks to reshape the perception of the Democratic Party among business leaders, countering the notion that Democrats are anti-business.
The Democratic lawmakers have emphasized the importance of moving away from perceived hostility towards digital assets. They are advocating for a Vice Presidential candidate with a strong digital asset policy and a pro-innovation Chair for the Securities and Exchange Commission （SEC）.
解説
- The Harris campaign’s outreach to the crypto industry highlights the growing political significance of digital assets.
- Establishing a constructive dialogue and supportive regulatory framework can foster industry growth and innovation.
- This move aims to balance the perceived hostility towards crypto and attract support from the crypto community.
- Engaging with major crypto companies and reshaping the party’s image as pro-business can strengthen the Democratic Party’s position in the upcoming elections.