Kamala Harris Adopts Crypto: Coinbase Donations Now Accepted By VP’s Campaign

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A crypto investor looks at you and says, “I’ve been HODLing all this time!” With a knowing smile he adds, “I didn’t realize it was going to be such a long hold!”

The Banking Association’s Commodity Exchange’s Trading System to accept commod donations for her campaign

Alesia Haas, who serves as the Chief Financial Officer of Coinbase, shared this detail during a talk at the Citi’s 2024 Global Technology, Media, and Telecommunications (TMT) Conference held in New York City. This information was reported by Fortune magazine

A Shift In Democratic Attitude Toward Crypto?

After Haas’s statement, it was verified by a representative from Coinbase that, indeed, Future Forward – Harris’s political action committee (PAC) – has become part of Coinbase’s commercial operations

Since its launch in 2018, this platform facilitates smooth transactions of cryptocurrencies for merchants. Yet, the Harris campaign remains silent regarding this recent advancement in their public statements

As an analyst, I’ve observed that historically, the Democratic Party, under the leadership of President Joe Biden, has tended to adopt a more measured stance on cryptocurrencies compared to their Republican counterparts. However, recent lobbying activities hint at a possible change in this trend

Haas noted that Harris’s acceptance of crypto donations represents a pivotal moment, indicating a growing willingness to engage with the crypto community. “She is accepting crypto donations. She’s using Coinbase Commerce now to accept crypto for her own campaign,” Haas stated.

Although Crypto4Harris has voiced doubt regarding Harris actually accepting cryptocurrency donations due to her current fundraising website lacking such integration, they did announce in June that Future Forward had managed to gather $50 million for her campaign, demonstrating substantial financial support

‘Kamala Harris Has Unique Opportunity’

Discussions about cryptocurrency in political circles are developing, as Haas noted that Coinbase is witnessing a rise in political investments due to the expectation of potential regulatory clarification in the U.S. after the November elections

In simpler terms, Coinbase’s Chief Financial Officer highlighted a special chance for promoting digital assets, implying that such efforts might result in friendlier regulations or policies in the upcoming period

Coinbase recently donated to Fairshake, a political group that advocates for pro-cryptocurrency candidates. In the second quarter, Haas mentioned “additional” funds going towards this committee, which is said to have won 32 out of the 34 elections it has been involved in, indicating the increasing impact of crypto financing in politics

Although Brian Armstrong, CEO of Coin Coinbase’s CEO Brian Armstrong mentioned that Coinbase CEO Brian Armstrong, Coinbase’s CEO Brian Armstrong clarified that the company has not contributed to any presidential campaigns other than the Senate race, Harris’s endorsement of digital assets might indicate a crucial shift in the industry

Regarding this topic, Haas expressed a favorable view about Vice President Harris’s ability to influence digital assets lawmaking in a positive way, he mentioned,”She has a significantopportunity.Wewereverycautiously hopefulyetoptimisticallyconfidentify. “Shehasagreats a great opportunity.We’llooking optimistic

Kamala Harris Adopts Crypto: Coinbase Donations Now Accepted By VP’s Campaign

As I pen this moment, the overall digital asset market capitalization is experiencing a decrease invaluable decline and is worth approximately $1. In comparison to $1. Bitcoin, down from $1.bitcoin, the decrease, presently standing at $1. Bitcoin, the major digital asset, the largest digital asset, $1. Bitcoin, currently $1. Bitcoin, trading below $56,000000 at $56%24-hour timeframe,3%, a 1 trillion, dropping by 3%.3% In this 1 24 price decrease in the market cap at $56679 tradesignored.3%

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2024-09-06 01:12