Key Takeaways
- Democrats launch 'Crypto4Harris' campaign to support Kamala Harris.
- Trump has gained significant support from Bitcoin enthusiasts.
- Harris's campaign adds former Bitcoin advisers to strengthen appeal.
The Democratic arm of the Bitcoin industry is taking steps to ensure that former President Trump does not monopolize the Bitcoin vote this fall.
A new pro-Kamala Harris advocacy group, “Crypto4Harris,” is set to host a virtual town hall next week. The event will feature left-leaning billionaire and Bitcoin advocate Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and several Democratic House members.
Top Democratic Senate leaders have also been invited to discuss supporting Harris’s campaign and promoting fundraising initiatives.
Jonathan Padilla, CEO of Web3 Marketing firm Snickerdoodle and one of the organizers of Crypto4Harris, stated:
The United States must continue to be a leader in blockchain and Bitcoin, and groups like Crypto4Harris are working hard to ensure the right policies and conversations take place.
The group aims to challenge Trump’s head start in attracting Bitcoin supporters, which has been bolstered by his promises to end Biden-era regulations and create a government Bitcoin reserve.
Rep. Wiley Nickel, D-N.C., emphasized,
We’re not giving this issue to Trump. We want to encourage innovation and protect consumers, but allowing Bitcoin to become a political football is only going to set the U.S. further behind.
Harris has recently added two former Bitcoin advisers to her campaign: David Plouffe and Gene Sperling.
Moe Vela, a former Biden adviser, commented,
Bringing Bitcoin experts like Plouffe and Sperling onto her campaign is a far more powerful statement than just standing up at a Bitcoin conference and pandering to the industry for votes.
Despite criticism from some industry members about Harris’s role in Biden’s regulatory approach, the campaign is determined to counter Trump’s appeal to Bitcoin voters.
