Kamala Harris’s Crypto Donations!😳
Is Kamala Harris Using Cryptocurrency to Win the 2024 US Election?
Coinbase CFO Alesia Haas revealed that Vice President Kamala Harris had accepted cryptocurrency donations for her campaign, despite her team remaining silent on the matter. The announcement was made on September 4, 2024, during a discussion at the Global TMT Conference in New York.
Crypto Contributions
Haas confirmed that Harris was using Coinbase Commerce to accept crypto donations. Although there were earlier reports of talks between Coinbase and Harris’s campaign, her team had not publicly acknowledged this, and her fundraising site made no mention of cryptocurrency.
Influence of Fairshake PAC
Coinbase contributed $25 million to the Fairshake PAC, a Political Action Committee supporting pro-crypto politicians. An additional $25 million was donated in June. Haas mentioned the PAC's success, winning 32 out of 34 races, and noted Harris’s interest in shaping a more open framework for crypto legislation.
Shifting Campaign Tone
Harris’s campaign began shifting its stance in early August, launching the "Crypto for Harris" initiative to counter former President Donald Trump’s pro-blockchain comments. This marked a significant change, with Democrats and industry leaders supporting the initiative.
Harris's quiet acceptance of crypto donations highlighted the growing influence of cryptocurrency in US politics. Her evolving stance could pave the way for greater regulatory clarity in the near future.
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