Crypto Executives Planning $100K Fundraiser For Kamala Harris To Encourage More Crypto-Friendly Stance: Reuters

Updated: 02 September 2024

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Crypto executives and advocate groups are reportedly looking to raise $100K for US Vice President Kamala Harris in an attempt to encourage a more relaxed stance towards the digital asset space should she win the November election.

According to an Aug. 30 report by Reuters, the group is planning the fundraiser for Sept. 13 in Washington. Tickets for the event will be priced between $500 and $5,000.

Crypto Advocates Support Kamala Harris To Try Bring An End To The SEC’s Attack

Organizers of the fundraiser hope the event will lead to the Democratic nominee softening her stance towards the nascent crypto industry. This comes after several US companies operating in the sector were targeted by the Securities and Exchange Commission (SEC) for alleged securities violations under President Joe Biden.

Among the fundraiser’s organizers is the Blockchain Foundation. Cleve Mesidor, an executive director at the Blockchain Foundation, hopes that the event will facilitate talks about how Harris could back the crypto industry should she take the White House.

The upcoming fundraiser follows the formation of another group by the name of Crypto4Harris, which has thrown its support behind Harris and hosted a virtual town hall last month. Several Democratic Party lawmakers attended the event.

Thank you all for joining the #Crypto4Harris Town Hall 🇺🇸

We showcased so many amazing builders, founders, investors and political leaders who are eager and willing to engage @KamalaHQ regarding a "reset" on U.S. crypto policy.

Big news of the night was of course @SenSchumer…

— Crypto4Harris (@Crypto4Harris) August 15, 2024

Meanwhile, Coinbase and Ripple, who are embroiled in their own legal battles with the SEC, have already paid out $120 million to super political action committees (PACs) this year as part of an effort to influence the election. One of the PACs is Fairshake, which has spent millions of dollars so far rallying against Harris and the Democratic Party.

Harris Meets With Crypto Executives

Harris and her campaign have started reaching out to crypto industry executives this year. The campaign met with executives in August to discuss the digital asset space. This was the second of such meetings, with the first roundtable discussion hosted in July.

Brian Nelson, a senior advisor to the Harris campaign, also said at the Democratic National Convention that the Vice President would support policies that support emerging technologies. However, crypto was not specifically mentioned.