In a strategic move to counter Donald Trump’s growing appeal within the cryptocurrency industry, Democrats have launched the “Crypto for Harris” campaign, FOX Business reports. Eleanor Terts reported today. The initiative, led by a pro-Kamala Harris advocacy group, aims to garner support from crypto voters for Vice President Harris as she vie for the presidency.
JUST IN: 🇺🇸 Democrats launch "Crypto for Harris" campaign to counter Donald Trump — FOX Business 👀 photo.twitter.com/2K9O5bP0Xg
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Next week, “Crypto for Harris” will host a virtual town hall featuring prominent crypto advocates Mark Cuban and Anthony Scaramucci, in addition to several Democratic House members. The event is intended to discuss support strategies for the Harris campaign and fundraising efforts. FOX Business reported that members of Kamala Harris’ campaign are also expected to attend the upcoming meeting.
As the presidential race between Harris and Trump heats up, Trump has gained significant traction within the Bitcoin and crypto space. He recently headlined the Bitcoin 2024 Conference in Nashville, where he raised tens of millions of dollars and promised the creation of a strategic Bitcoin reserve if he is elected president in November. Trump has also recently idea about using this Bitcoin to pay off the country’s $35 trillion in debt.
There are an estimated 50 million Bitcoin and cryptocurrency owners and users in the United States, and now both Democrats and Republicans are scrambling to make their voices heard. Earlier this year in May, Donald Trump said “I will ensure the future of crypto and Bitcoin will be made in the US… I will support the right to self-custody for the country’s 50 million crypto owners.”
“We’re not going to give this problem to Trump,” U.S. Congressman Wiley Nickel, a Democrat, told FOX Business. “We want to encourage innovation and protect consumers, but if we let crypto become a political plaything, the U.S. is only going to fall further behind.”
FOX Business has learned that in a bid to counter Trump’s influence, Harris has added two crypto advisors to her campaign: David Plouffe, who served on Binance’s advisory board, and Gene Sperling, a former Ripple board member.
Kamala Harris’ campaign staff did not respond to requests for comment from FOX Business at the time of publication.