Democrats Push for Pro-Crypto Stance in Harris Campaign

• Kamala Harris’s campaign advisers are reaching out to the crypto industry to build relationships and convey a pro-business message.
• Twenty-eight Democratic officials have urged the DNC to adopt a pro-crypto stance in Harris’s campaign, highlighting the importance of digital assets.
• Recent polling data shows that 19% of voters have purchased crypto, indicating the growing importance of crypto in elections.

A group of 27 Democratic officials including several House members has urged Vice President Kamala Harris and the Democratic National Committee (DNC) to adopt a more crypto-friendly stance. This push comes as Harris begins her campaign for the White House. 

The officials sent a letter to the DNC emphasizing the potential impact of crypto. Blockchain technology could greatly influence the upcoming elections. They warned that these technologies could have an ‘oversized impact.’

The letter highlighted the potential for American innovation, economic growth and financial inclusion through digital assets. The public perception of the Democratic party as being anti-crypto has been a concern. Recent polling data shows that around 19% of voters have purchased crypto and they identify as Democrats. The adoption of crypto is higher among key Democratic constituencies. 

The letter also suggested that Harris should ensure her running mate has a history of supporting pro-innovation policies. They recommended selecting a successor to SEC Chairman Gary Gensler who is pro-innovation and willing to engage with the crypto industry. 

Advisers to Harris’s campaign have already begun reaching out to key players. This outreach is part of a broader effort to distance Harris from harsh crypto critics within the party.

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The push for a pro-crypto stance comes as former President Donald Trump has also been making headlines in the crypto sector. Despite his previous skepticism Trump has reversed his stance and is now engaging with the industry, further highlighting the importance of crypto in the upcoming election.

The Democratic push for a pro-crypto stance in Harris’s campaign reflects the growing significance of digital assets in American politics. The party’s approach to this issue could play a crucial role in the 2024 election.

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