Democrats Launch "Crypto for Harris" Campaign to Garner Support from 40M US Crypto Holders

The Democratic Party is establishing a “Crypto for Harris” campaign to garner support from the 40 million Americans who own digital assets. The initiative aims to position the party favourably in the eyes of blockchain and cryptocurrency enthusiasts.

Virtual Town Hall with Key Figures

Prominent backers, including Mark Cuban and Anthony Scaramucci, plan to host a virtual town hall featuring leading Democrats and crypto advocates. This event aims to highlight the Democratic Party's commitment to the crypto sector.

Strategic Focus

Jonathan Padilla, CEO of Web3 marketing firm Snickerdoodle, stated that “Crypto for Harris” seeks to make the U.S. a leader in blockchain technology by fostering the right policies and discussions. This effort comes at a critical time, with the presidential race between Trump and Harris closely contested.

Trump's Crypto Campaign

Earlier, Trump raised over $20 million at the annual Bitcoin Conference in Nashville, securing significant support from the crypto community. This presents a challenge for Harris’s campaign to win over crypto voters.

Collaboration with Crypto Industry

Harris has hired former crypto advisers David Plouffe and Gene Sperling, signalling a strong commitment to the industry. According to Moe Vela, a former adviser to Biden, their involvement sends a powerful message of dedication to cryptocurrency and blockchain technology.

Bipartisan Efforts

Democratic lawmakers, such as Rep. Wiley Nickel (D-N.C.) and Rep. Ro Khanna (D-Calif.), are working to promote innovation while protecting consumers. Khanna plans a virtual meeting with industry leaders and Democratic operatives to support the Harris campaign and mend relations with the crypto sector.