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Cryptocurrency executives and intellectual property rights groups are said to be looking to raise $100,000 for the US vice president. Kamala Harris In an attempt to encourage a more relaxed stance towards the digital assets space if it wins the election in November.
According to a report released on August 30, a report According to Reuters, the group plans to hold a fundraising event on September 13 in Washington. Ticket prices for the event will range from $500 to $5,000.
Cryptocurrency Supporters Back Kamala Harris in Try to End SEC Attack
Organizers of the fundraiser hope the event will lead the Democratic nominee to soften her stance on the emerging cryptocurrency industry. This comes after the Securities and Exchange Commission (SEC) targeted several US companies operating in the sector for alleged securities violations under President Joe Biden.
The fundraiser is being organized by the Blockchain Foundation. Cliff Messidor, executive director of the Blockchain Foundation, hopes the event will facilitate conversations about how Harris could support the crypto industry if she wins the White House.
The upcoming fundraiser comes after another group called Crypto4Harris, which backed Harris and hosted a virtual meeting last month, was formed. Several Democratic lawmakers attended the event.
Thank you all for joining us. #crypto4harris City Hall 🇺🇸
We’ve seen many amazing builders, founders, investors, and political leaders who are eager to get involved and want to do so. @KamalaHQ Regarding the “reset” of US encryption policy.
The big news of the night was of course. @senchomar…
— Crypto4Harris (@Crypto4Harris) August 15, 2024
Meanwhile, Coinbase and Ripple, which are locked in legal battles with the Securities and Exchange Commission, have paid $120 million to super PACs this year as part of efforts to influence the election. Among the super PACs is Vershak, which has spent millions of dollars so far lobbying against Harris and the Democratic Party.
Harris Meets with Cryptocurrency Executives
Harris The campaign began reaching out to cryptocurrency industry executives this year. The campaign met with executives in August to discuss the digital asset space. This was the second such meeting, having hosted the first roundtable discussion in July.
Harris campaign senior adviser Brian Nelson said at the Democratic National Convention that the vice president would support policies that support emerging technologies, but cryptocurrencies were not specifically mentioned.
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