Democrats are aiming to attract the crypto community to support Harriss success.
Lawmakers from the Democratic Party, along with Vice President Kamala Harris campaign team, have initiated a campaign to address issues related to the cryptocurrency industry.
On August 8, U.S. Congressman Wiley Nickel revealed that he had joined the Crypto4Harris campaign and would be participating in the upcoming meeting on July 14. He will be alongside industry leaders such as Marc Cuban to support Kamala Harris in securing the votes of the crypto community.
On X, Crypto4Harris is characterized as a cryptocurrency advocacy initiative aimed at organizing and fundraising for Harris' presidential campaign. The group is said to be developing a comprehensive crypto-policy framework to align with the campaign's goals.
Kamala's campaign team appears to be working on mending the vice president's relationship with the crypto community, which has expressed discontent with the Biden administration's stance on digital currencies.
Pro-crypto Democrats are now encouraging Harris to take a more supportive position on digital assets in order to compete with Republicans, who have consistently maintained a pro-crypto viewpoint.
Republican lawmakers, spearheaded by former President Donald Trump, are intensifying their outreach to crypto voters, a demographic that could represent up to 50 million ballots in the upcoming U.S. presidential elections.
During a crypto conference in Nashville in July, Trump sought to associate Vice President Kamala Harris with the Biden administration's strict regulatory approach to the digital asset sector. While Harris has not publicly stated her views on cryptocurrency, her team is actively engaging with the industry. Trump has informed his supporters that she does not back crypto initiatives.
These claims from the former president have posed challenges for Harris's team, which is now working to counter Trump's narrative through the "Harris for Crypto" campaign.
Recently, Congressman Ro Khanna facilitated a call between senior White House officials and several leaders from the cryptocurrency sector, along with former members of the Biden administration. Some observers view this as a final attempt to strengthen ties with the crypto community.
Paul Grewal, the chief legal officer at the crypto exchange Coinbase, noted that the discussions addressed the industry's concerns, although he felt that no definitive commitments were made during the talks.
Meanwhile, some crypto advocates on X have voiced their apprehensions regarding the Democrats' recent pivot towards a pro-crypto position, with some suggesting that the party's shift may have come too late.