Kamala Harris-Backing Super PAC Future Forward Accepts Cryptocurrency Donations
- WBOYOriginal
- 2024-09-05 21:13:13275browse
In a recent development, a prominent super political action committee (PAC) backing Vice President Kamala Harris‘s presidential campaign has started accepting cryptocurrency donations, as confirmed by a spokesperson from Coinbase Global Inc. (COIN)
Vice President Kamala Harris‘s presidential campaign is now accepting cryptocurrency donations, a recent development that was confirmed by a Coinbase Global Inc. (NASDAQ:COIN) spokesperson.
Future Forward PAC, which supports Harris's presidential run, is now accepting cryptocurrency donations ahead of the Nov. 5 U.S. election. Harris is expected to compete against former President Donald Trump in the upcoming election.
Harris has not personally shown her stance on cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE) and others. However, her campaign team has been in talks with major entities in the crypto industry, including Coinbase and Ripple (CRYPTO: XRP).
A Coinbase spokesperson confirmed to Reuters that Future Forward PAC has onboarded with Coinbase Commerce to accept crypto donations.
Major crypto companies are donating to pro-crypto candidates in congressional races through super PACs, campaign finance records show, rather than aligning with either presidential candidate.
Investors and executives in the cryptocurrency industry are planning to raise at least $100,000 for the Democratic presidential nominee at a Washington fundraiser on Sep. 13, as they urge Harris to adopt a softer regulatory approach, as reported by Reuters.
Future Forward has raised hundreds of millions of dollars to back Harris in a race that polls predict will be close. Meanwhile, Trump has courted large crypto donors with promises of friendly policies and by criticizing Democrats' attempts to regulate the sector.
At a recent event, Brian Nelson, a senior adviser for the Harris campaign, expressed Harris's support for the growth of emerging technologies, a statement that was well-received by the crypto industry. This comes after the crypto industry has been anticipating Harris's stance on digital assets.
See also: Elon Musk Thinks Dogecoin Payments Could Potentially Help Starlink Get Around Brazil Freezing Its Bank Accounts: ‘You Make A Good Point’
Now Read: Benzinga's crypto coverage in a nutshell.
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