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Cryptocurrency investors and industry executives aim to raise at least $100,000 for Vice President Kamala Harris.
Cryptocurrency investors and industry executives plan to raise at least $100,000 for Vice President Kamala Harris at a September 13, 2024, fundraiser in Washington.
The event is part of a broader effort to encourage Harris, the Democratic nominee, to adopt a more lenient regulatory stance toward the cryptocurrency industry.
The fundraiser will take place between the Congressional Black Caucus and Congressional Hispanic Caucus conferences and aim to unite a diverse group of donors.
The grassroots event is organized by key figures in the crypto space, including Cleve Mesidor, executive director of the Blockchain Foundation, Tiffany Smith, co-chair of the Blockchain & Cryptocurrency Working Group at WilmerHale, and Rahilla Zafar, a crypto founder involved in artificial intelligence. Tickets for the event range from $500 to $5,000.
Although the fundraising goal is modest compared to the substantial amounts Harris has raised since becoming the Democratic presidential candidate, the event signifies growing support for her within the crypto industry. This support comes despite Republican nominee Donald Trump’s efforts to attract crypto donors with more favorable policy promises.
Organizers hope the event will spark conversations on how a potential Harris administration might foster crypto innovation and provide increased access to capital for people of color. The crypto industry has faced scrutiny under the Biden administration, particularly from the Securities and Exchange Commission (SEC), which argues that many crypto firms are violating securities laws—a claim the industry disputes.
“We wanted to make sure that with the change in the presidential nominee for the Democrats, we were supportive, and we came together to help her understand the importance of this industry,” said WilmerHale’s Smith.
Although Harris has not publicly stated her position on cryptocurrency, her campaign staff has engaged with major crypto firms like Coinbase and Ripple. This outreach, coupled with comments from Harris campaign adviser Brian Nelson, who recently indicated support for emerging technologies, has been seen as a positive signal by the crypto community.
The fundraiser is just one of several initiatives to align the cryptocurrency industry with Harris. A separate group, Crypto4Harris, has also emerged, planning additional fundraisers and hosting events featuring high-profile speakers like billionaire Mark Cuban and financier Anthony Scaramucci.
As Harris continues her campaign, the crypto industry sees a “golden opportunity” for her to outline a plan that could win over voters in this rapidly evolving sector.
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