In a strategic move to counter Donald Trump’s growing appeal within the cryptocurrency industry, Democrats have launched a “Crypto for Harris” campaign, according to FOX Business. Eleanor Terrett Reported Today. The initiative, led by a Kamala Harris advocacy group, aims to mobilize support from crypto-friendly voters for Vice President Harris as she competes for the presidency.
BREAKING: 🇺🇸 Democrats launch "Harris Cryptocurrencies" Campaign Against Donald Trump — FOX Business 👀 pic.twitter.com/2K9O5bP0Xg
— Bitcoin Magazine (@BitcoinMagazine) August 7, 2024
Next week, the “Crypto for Harris” campaign will host a virtual town hall featuring prominent cryptocurrency advocates like Mark Cuban and Anthony Scaramucci, along with several Democratic House members. The event is intended to discuss Harris’ campaign advocacy strategies and fundraising efforts. FOX Business reports that members of the Kamala Harris campaign are also expected to attend the upcoming meeting.
As the presidential race between Harris and Trump heats up, Trump has gained significant momentum in the Bitcoin and cryptocurrency space. He recently headlined the Bitcoin 2024 conference in Nashville, raising tens of millions of dollars and promising to create a strategic reserve of Bitcoin if he is elected president in November. Trump has also recently floated the idea of creating a strategic reserve of Bitcoin. an idea About using Bitcoin to pay off the country’s $35 trillion debt.
There are an estimated 50 million Bitcoin and cryptocurrency holders and users in the United States, and now Democrats and Republicans will be doing their best to woo their votes. Earlier this year in May, Donald Trump announced He said “I will ensure that the future of cryptocurrencies and Bitcoin “It will be made in the USA… I will support the right of self-custody for the 50 million cryptocurrency holders in the country.”
“We’re not giving this issue to Trump,” Democratic Congressman Willie Nickel told Fox Business Network. “We want to encourage innovation and protect consumers, but allowing cryptocurrencies to become a political football will only push the United States further behind.”
FOX Business has learned that Harris, in an attempt to counter Trump’s influence, has added two cryptocurrency advisors to her campaign: David Plouffe, who served on Binance’s advisory board, and Gene Sperling, a former board member at Ripple.
Kamala Harris’ campaign staff did not return calls from Fox Business for comment by the time of publication.