Crypto Industry Awaits Kamala Harris Meeting Monday

Kamala Harris representatives will reportedly host a meeting in Washington on Monday for cryptocurrency industry leaders. The event comes barely a week after the Bitcoin 2024 Conference in Nashville, suggesting an inclination to tap pro-crypto voters.

Crypto remains a critical theme in the US ahead of the November elections, with politicians recognizing the sector is consequential in the presidential ballot.

Democrats to Host Crypto-Focused Meeting  

Fox Business journalist Eleanor Terrett reported that California’s 17th congressional district representative, Congressman Ro Khanna, would host a meeting in Washington on Monday. The meeting will reportedly feature crypto industry leaders, Democratic politicians, and representatives from the Harris campaign.

“CA Congressman Ro Khanna is hosting another meeting in Washington on Monday for crypto industry leaders, Democratic politicians, and reps from the Kamala Harris campaign. The move represents renewed push from pro-crypto Dems to establish a fresh start with the industry,” Terrett noted.

Approximately 52 million Americans own crypto, which makes it a political imperative in the US as elections continue. Republicans, led by Donald Trump, continue to enjoy a first-mover advantage in appealing to the crypto voter community. The Bitcoin 2024 conference ramped things up, with Trump making bullish assertions.

Read more: How Can Blockchain Be Used for Voting in 2024?

Meanwhile, Democrats, represented by the sitting administration, have a history of opposing the crypto sector. Harris’ representatives’ move suggests a renewed push among pro-crypto Democrats to reset the party’s relationship with the industry.

While the Vice President has not confirmed it, recent reports indicate that Harris is probing the crypto industry. This signals openness to crypto and emerging technologies.

House Democrats, including Khanna, urged the Democratic National Committee (DNC) to integrate pro-crypto language into the party’s platform. They also recommended appointing a pro-innovation Chair for the Securities and Exchange Commission (SEC) and increasing engagement with the industry.

Other appeals include the party selecting a presidential running mate with a strong digital asset policy. According to reports, Harris is already looking at possible vice president candidates. She is cognizant of the implications her selection would have on her candidacy in November. Meanwhile, her odds of winning the elections have soared to an all-time high of 44%.

Crypto markets will be watching for the said Monday meeting to see whether Democrats will appeal to crypto voters.

“Beware of the Big Bluff. Harris and her advisors are in the process of working on a “reset” with the crypto industry. Being respectful of the Vice President’s time, let’s be crystal clear here: Kamala Harris, please don’t bother unless you are prepared to take swift, bold, and concrete action. You can’t burn bridges for 4 years and expect to rebuild them with words alone. As President Trump astutely pointed out this weekend at The Bitcoin Conference, we are a high IQ industry. You and your party retired Joe Biden, a sitting President, which means you can definitely retire Gary Gensler before November. Show us what can be,” Cameron Winklevoss recently stated.

Read more: Crypto Regulation: What Are the Benefits and Drawbacks?

Custodian Bank founder and CEO Caitlin Long also urged Harris to fire the instigators of Operation ChokePoint 2.0. This deference entails an alleged plan by the US government to cripple crypto businesses. This deference entails an alleged plan by the US government to cripple crypto businesses. During the Bitcoin 2024 conference, Trump stated that he would shut the operation down if elected.