Report Claims Crypto Investors, Executives Plan Fundraising For Kamala Harris

Last updated: 2024/08/31 at 12:52 PM

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Crypto group Harris plans fundraiser, says Reuters The goal is to raise $100,000 for the Democratic presidential nominee. The industry is looking for more positive crypto policies.

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Crypto Investors and Executives Urge Vice President Kamala Harris to Take a Positive View of the Industry reported.

Cleve Mesidor, executive director of the Blockchain Foundation and one of the group's organizers, told Reuters that tickets range from $500 to $5,000, with a goal of $100,000.

Although the amount is small, it suggests that some in the industry support Harris more than Republican nominee Donald Trump, who has courted big donors with promises to introduce crypto-friendly policies if elected.

The Securities and Exchange Commission, under President Joe Biden, who is not seeking re-election, and Chair Gary Gensler has filed several lawsuits against crypto companies in recent years, arguing that many of the companies have violated securities laws that they say do not apply to them.

Organizers of the fundraiser include Tiffany Smith, co-chair of the Blockchain & Cryptocurrency Working Group at law firm WilmerHale.

Smith told Reuters: “With the transition of the presidential candidate to the Democrats, we came together to show that we are supportive and help her understand the importance of this industry.”

Mesidor said: “Why not seize the first fundraiser … to make a statement about what crypto means to Democrats and how they see it as a new administration?”

A different group called Crypto4Harris also plans fundraisers for the Democratic nominee and held a town hall earlier this month during which billionaire Mark Cuban and Wall Street financier Anthony Scaramucci spoke for Harris.

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