In a significant development, Future Forward PAC, the prominent super political action committee (PAC) backing Vice President Kamala Harris’s presidential campaign, has begun accepting cryptocurrency donations. This move, confirmed by a spokesperson from Coinbase Global Inc., comes just ahead of the November 5th U.S. election where Harris is expected to face former President Donald Trump.
While Vice President Harris hasn’t publicly articulated her views on cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and others, her campaign team has been actively engaging with prominent figures in the cryptocurrency industry, including Coinbase and Ripple. Coinbase has confirmed to Reuters that Future Forward PAC has partnered with Coinbase Commerce to facilitate crypto donations.
This strategic decision by the PAC suggests a potential shift in Harris’s stance on cryptocurrency. While Trump has courted large crypto donors with promises of favorable policies and criticisms of Democratic regulatory efforts, Harris’s campaign seems to be adopting a more accommodating approach.
Investors and executives within the cryptocurrency industry, advocating for a less restrictive regulatory framework, are planning to raise at least $100,000 for Harris at a Washington fundraiser on September 13th. This fundraising effort indicates a growing interest from the crypto community in supporting Harris’s campaign.
At a recent event, Brian Nelson, a senior advisor for the Harris campaign, expressed Harris’s support for the growth of emerging technologies, including cryptocurrencies. This statement has been well-received by the crypto industry, which has been eagerly awaiting Harris’s position on digital assets.
Future Forward has successfully raised hundreds of millions of dollars to support Harris’s presidential bid. The upcoming election is anticipated to be fiercely contested, and the growing involvement of the cryptocurrency industry in the political arena adds another layer of complexity to the race.
