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.