Kamala Harris Campaign Seeks New Relationship with Crypto Industry

Bittime - In an effort to improve relations with the crypto industry, Kamala Harris' campaign held meetings with several major US crypto companies, including Coinbase, Circle, and Ripple Labs. 

The move reflects Harris' intention to restructure the Democratic Party's image as a supporter of business and technology, in contrast to the Biden administration's strict stance on crypto regulation. 

Here are details about the Harris campaign's latest efforts to build relationships with the crypto industry.

Kamala Harris Campaign Builds New Relationships with Crypto Giants

According to recent reports, Kamala Harris has held a series of meetings with major crypto companies to improve relations and create a more conducive regulatory environment. 

The aim of this meeting is to re-establish a more constructive relationship with the crypto sector and not simply attract new contributions. 

This effort is part of Harris' strategy to change perceptions among technology executives, especially in California, who feel that current Democratic policies tend to be anti-business.

Harris wants to show that the Democratic Party supports "responsible" business practices, seeking to counter the long-held image that it is unfriendly to innovation. This is a strategic move to improve relations with this fast-growing industry and reduce existing concerns among crypto industry players.

Check Today's Crypto Market:

Harris Challenges Biden Administration's Stance on Crypto

Kamala Harris' campaign efforts to improve relations with the crypto industry come amid regulatory tensions faced by the Biden administration. 

The Securities and Exchange Commission (SEC) is currently feuding with several large companies, showing just how strict the current regulatory stance is towards the crypto industry. 

Harris' campaign will have to navigate this situation carefully, trying to address industry concerns without losing the support of traditional Democratic Party donors.

This stance is part of Harris' broader political strategy to restructure the Democratic Party's image as a supporter of business and innovation. With Biden having been proposed as the Democratic presidential nominee for 2024, Harris will have to make a concerted effort to support the crypto sector while maintaining support from the party's more conventional donors.

Also Read How To Buy Crypto:

Criticism from Ripple Leadership and Response to Anti-Crypto Rhetoric

Harris' campaign follows recent comments from Ripple CEO Brad Garlinghouse, who criticized the anti-crypto rhetoric of some Democrats, including Rep. Brad Sherman. 

Garlinghouse thinks that accepting cryptocurrencies could be a smart political move, considering that many other major economies have clearly defined their regulatory frameworks. 

This criticism shows dissatisfaction among industry players with the approach taken by some members of the Democratic Party towards crypto.

Political Landscape and Support for the Crypto Industry

This change in the political landscape shows that both political parties are trying to support this growing area. While Harris is trying to change the image of the Democratic Party and court the crypto industry, Donald Trump has shown positive support for the crypto space. 

This competition reflects the parties' efforts to win support from this highly dynamic and fast-growing sector.

Kamala Harris' campaign will face a major challenge in managing relations with the crypto industry while striking a balance between industry support and traditional donors. These steps reflect broader efforts to adapt political strategy to the sector's evolving needs and expectations.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.