Democrats’ tactical initiative to capture crypto voters
With the presidential election becoming more competitive between Harris and Trump, Trump has secured substantial backing within the Bitcoin and crypto sector. He recently headlined the Bitcoin 2024 Conference in Nashville, raking in millions and pledging a strategic Bitcoin reserve if he becomes president in November. Trump has also mentioned the possibility of utilizing this Bitcoin to address the nation’s trillion debt.
In an effort to mitigate Donald Trump’s increasing popularity within the cryptocurrency landscape, Democrats have rolled out the “Crypto for Harris” initiative. Spearheaded by a pro-Kamala Harris advocacy organization, this campaign seeks to garner crypto voter backing for Vice President Harris in her presidential pursuit.
Kamala Harris’ campaign representatives did not respond to FOX Business’ inquiries for comments by the time of publication.
Additionally, Trump’s capacity to draw high-profile endorsements and backing from key figures within the crypto sector has enhanced his standing. His presence at significant crypto events and his interaction with the community reflect a level of dedication that has not gone unnoticed by cryptocurrency voters.
Source: bitcoinmagazine.com
Trump’s authority in the crypto sphere extends beyond mere promises. His declarations have resonated with a significant segment of the crypto community, who regard his pro-crypto position as a potential turning point for the industry. The former president’s pledge to ensure that the future of crypto and Bitcoin is “made in the USA” resonates with many apprehensive about regulatory ambiguity and competition in the global crypto market.
FOX Business has reported that Harris, in response to Trump’s sway, has brought on board two crypto advisors for her campaign: David Plouffe, previously part of Binance’s advisory board, and Gene Sperling, a past Ripple board member.
Trump’s increasing sway in the crypto arena
“We’re not conceding this issue to Trump,” stated Democrat U.S. Congressman Wiley Nickel to FOX Business. “We aim to foster innovation and safeguard consumers, but allowing crypto to turn into a political pawn is only going to hinder the U.S. further.”
Next week, “Crypto for Harris” will conduct a virtual town hall featuring notable crypto supporters such as Mark Cuban and Anthony Scaramucci, along with various Democratic House representatives. The aim is to explore support tactics for the Harris campaign and fundraising strategies. Attendees from Kamala Harris’ campaign are also anticipated at this forthcoming gathering.
Trump’s stance on crypto has also emphasized self-custody, a vital issue for many within the crypto community who cherish the notion of maintaining control over their digital assets without relying on external entities. This perspective has further cemented his allure among crypto advocates who prioritize decentralization and personal management of their investments.
It is estimated that there are 50 million Bitcoin and cryptocurrency holders and users in the United States, prompting both Democrats and Republicans to strive earnestly to win their votes. Back in May, Donald Trump remarked, “I will guarantee that the future of crypto and Bitcoin will be made in the USA…I will uphold the right to self-custody for the nation’s 50 million crypto holders.”
There is an estimated 50 million Bitcoin and cryptocurrency holders and users in the United States, and now both the Democrats and the Republicans are going to be trying their best to appeal for their vote. Earlier this year in May, Donald Trump said, “I will ensure that the future of crypto and Bitcoin will be made in the USA…I will support the right to self-custody to the nation’s 50 million crypto holders.”
As the battle for the crypto vote escalates, it remains uncertain how successful the “Crypto for Harris” campaign will be at countering Trump’s mounting influence. With both candidates striving for this essential voter demographic, the outcome of the presidential election could heavily rely on their capacity to address the needs and ambitions of the crypto community.
BREAKING: 🇺🇸 Democrats unveil “Crypto for Harris” initiative to challenge Donald Trump — FOX Business 👀
