financetom
Business
financetom
/
Business
/
US crypto executives to throw Washington fundraiser for Harris
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US crypto executives to throw Washington fundraiser for Harris
Sep 2, 2024 8:46 AM

Aug 30 (Reuters) - Cryptocurrency investors and industry

executives calling on Vice President Kamala Harris to pursue a

softer regulatory stance on the industry are planning to raise

at least $100,000 for the Democratic nominee at a Sept. 13

Washington fundraiser.

The grassroots event is scheduled to take place between the

Congressional Black Caucus and Congressional Hispanic Caucus

conferences, and aims to bring together a diverse group of

donors, the organizers told Reuters. Tickets to the fundraiser

range from $500 to $5,000, said Cleve Mesidor, executive

director of the Blockchain Foundation and one of the organizers.

The event's fundraising goal is small compared to the

hundreds of millions Harris has raked in since becoming the

Democratic presidential candidate in July when President Joe

Biden dropped out of the race. But it is the latest sign that at

least some in the industry are rallying behind her rather than

Republican nominee Donald Trump, who has courted big crypto

donors with friendly policy pledges.

Reuters was first to report the fundraiser.

The organizers include Tiffany Smith, co-chair of the

Blockchain & Cryptocurrency Working Group at law firm WilmerHale

and Rahilla Zafar, a crypto founder who has also worked in

artificial intelligence. They are hoping that if elected, Harris

will ease up on crypto after the Securities and Exchange

Commission under Biden cracked down on the sector.

The agency says crypto firms are flouting securities laws,

although the industry disputes that those laws apply to them.

"Why not seize on the first fundraiser -- which there

will be many others -- to actually make a statement about what

crypto is for Democrats as a potentially new administration

contemplates how do they look at this?" said Mesidor.

She said she hopes the event will facilitate conversations

about how a potential Harris administration might encourage

crypto innovation and provide more people of color with access

to capital.

"We wanted to make sure that with the change in the

presidential nominee for the Democrats, that we were supportive

and we came together to help her understand the importance of

this industry," said WilmerHale's Smith.

The group is not affiliated with the Harris campaign, which

did not respond to a request for comment for this story.

A separate group called Crypto4Harris also emerged this

month and plans to throw fundraisers for Harris. The group held

a town hall during which billionaire Mark Cuban and Wall Street

financier Anthony Scaramucci spoke in favor of Harris.

Although Harris has yet to publicly take a stance on crypto,

her campaign staff have met with prominent crypto firms

including Coinbase and Ripple, Reuters previously reported.

Those and other big crypto companies are donating to

pro-crypto candidates in congressional races in both parties via

super political action committees, campaign finance records

show, rather than aligning themselves with either presidential

candidate.

Brian Nelson, a senior adviser for the Harris campaign, said

at an event at the Democratic National Convention this month

that Harris would support the growth of emerging technologies,

which many in the crypto industry saw as a positive sign.

" has this golden opportunity to really lay out a

plan to sway a lot of these voters from the crypto industry,"

said Zafar.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
PACS Group to raise $450 mln in US IPO at over $3 bln valuation
PACS Group to raise $450 mln in US IPO at over $3 bln valuation
Apr 10, 2024
April 10 (Reuters) - U.S. healthcare company PACS Group ( PACS ) set the pricing of its initial public offering at $21 per share, to raise around $450 million, it said on Wednesday. The company priced its IPO at the mid-point of its previous target range of $20 to $22, valuing it at around $3.1 billion based on the outstanding...
Japan says it won't rule out any FX action as yen hits 34-year low
Japan says it won't rule out any FX action as yen hits 34-year low
Apr 10, 2024
TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Thursday that authorities would not rule out any steps to deal with excessive exchange-rate swings after the dollar surged to a 34-year high against the yen. We are not just looking at (dollar/yen) levels themselves such as 152 yen or 153 yen (per dollar) but also analysing their background, Suzuki told...
US to consider concerns about China's Brite in trade sanction decisions
US to consider concerns about China's Brite in trade sanction decisions
Apr 10, 2024
WASHINGTON (Reuters) -The Biden administration will consider concerns about Chinese chip designer Brite Semiconductor flagged by Republican Senator Marco Rubio as it decides what firms to add to a trade sanction list, the Commerce Department said. The concerns were raised in a letter calling on the agency to sanction the company after Reuters reported in December that it was part-owned...
PACS Group to raise $450 mln in US IPO
PACS Group to raise $450 mln in US IPO
Apr 10, 2024
April 10 (Reuters) - U.S. healthcare company PACS Group ( PACS ) set the pricing of its initial public offering (IPO) at $21 per share, to raise around $450 million, it said on Wednesday. (Reporting by Mrinmay Dey in Bengaluru; Editing by Varun H K) ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved