The Kamala Harris Campaign Seeks to “Reset” Relations with Crypto Companies

The campaign of Vice President Kamala Harris is making efforts to mend ties with top crypto companies in an attempt to reset relations with a sector that has been leaning towards support for her rival, Donald Trump. Advisors from Harris’s team have reportedly reached out to key players in the crypto industry such as Coinbase, Circle, and Ripple Labs to arrange meetings aimed at reestablishing a positive connection.

With Trump gaining significant backing from the crypto community, Harris’s move signifies a strategic effort to engage with a sector that is emerging as a crucial source of support and funding in the upcoming election. The decision to engage with crypto companies is not solely driven by financial contributions but also aims to foster a constructive relationship that could lead to the development of a beneficial regulatory framework for the industry as a whole.

Furthermore, Harris’s campaign is seeking to dispel the perception that Democrats are anti-business. By signaling a pro-business stance and demonstrating a willingness to collaborate with the tech industry, Harris aims to win back the support of tech executives, particularly in her home state of California, who have expressed concerns over potential tax hikes and regulatory measures.

The shift in approach by Harris also comes at a time when prominent venture capitalists like Marc Andreessen and Ben Horowitz, previously supporters of Democratic candidates, have thrown their support behind Trump citing dissatisfaction with the Biden administration’s approach towards the industry. This move highlights the importance of engaging with the tech and crypto sectors in the political landscape.

While some crypto companies express hope that Harris may be more receptive to their needs compared to the previous administration, the outreach from her campaign demonstrates a willingness to engage with the industry and address their concerns. By laying the groundwork for a more collaborative relationship, Harris is aiming to position herself and the Democratic party as supporters of responsible business practices and advocates for the growth of the tech and crypto sectors.