Vice President Kamala Harris Reaching Out to Coinbase and Others To Develop Close Ties With Crypto: Report

Vice President and Democratic nominee for the 2024 US election Kamala Harris is reportedly reaching out to crypto firms in an attempt to reset her party’s previously negative stance on the industry.

The Financial Times (FT) reports that Harris’s advisors have established contact with America’s biggest crypto firms, including crypto exchange Coinbase, payments firm Ripple Labs and stablecoin issuer Circle, according to sources familiar with the matter.

The vice president’s office, Coinbase and Ripple declined to comment on the matter while Circle did not get back to FT.

According to one of FT’s unnamed sources close to the Harris campaign, the message that the vice president wants to get across is that the Democrats are now “pro-business, responsible business.”

The report comes as former president and Republican nominee Donald Trump has flipped to being fully supportive and friendly toward the industry, openly courting the pro-crypto single-issue voting bloc.

At the Bitcoin2024 conference in Nashville, Trump said he would fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler on day one of his presidency and end policies that prevent crypto investors and companies from using digital assets.

Under his administration, Trump says the US would stop selling its trove of seized Bitcoin on the open market and instead strategically hold the asset as an investment.

“I’m laying out my plan to ensure the United States will be the crypto capital of the planet and the Bitcoin superpower of the world. If crypto is going to define the future, I want it to be mined, minted, and made in the USA. If Bitcoin is going to the moon, I want America to lead the way…

For too long, our government has violated the cardinal rule that every Bitcoiner knows by heart – never sell your Bitcoin. Today I am announcing that if I am elected it will be the policy of my administration to keep 100% of all the Bitcoin the US government currently holds or acquires into the future. This will serve, in effect, as the core of the strategic national Bitcoin stockpile.”

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