The Future Forward PAC Embraces Cryptocurrency Donations
The Future Forward PAC, backing Kamala Harris’ 2024 U.S. Presidential campaign, has made a significant move by starting to accept cryptocurrency donations through Coinbase Commerce. This decision allows individuals who align with left-leaning ideologies and are involved in the crypto community to show their support for Kamala Harris by making donations using digital assets.
- More than $164 million has been raised by Future Forward in the current election cycle.
- Accepting crypto donations signifies a nod towards the digital asset economy and aims to encourage wider participation from crypto enthusiasts.
The Involvement of Cryptocurrency in the 2024 Presidential Campaign
On the contrary, Republican nominee Donald Trump has been actively receiving donations throughout his campaign. Considered as the candidate more favorable towards cryptocurrency, Trump received a total of $2 million from Tyler and Cameron Winklevoss, the co-founders of Gemini, this June. In addition, the Winklevoss twins also contributed approximately $4.9 million to Fairshake, a super PAC supporting political candidates that advocate for cryptocurrencies.
- Fairshake has accumulated over $202 million, a figure that surpasses the total funds raised by Future Forward.
- However, Fairshake faced criticism from some members of the Republican Party after allocating funds to two Democratic politicians challenging Senate candidates backed by Trump in Michigan and Arizona.
Supporting Kamala Harris in the Crypto Community
The Crypto For Harris advocacy group recently organized its inaugural town hall, featuring prominent U.S. lawmakers, to garner support for Kamala Harris.
- Senator Chuck Schumer (D-NY) emphasized the need for Congress to appropriately regulate the crypto sphere, acknowledging its permanence in the financial landscape.
- Paul Grewal, the Chief Legal Officer at Coinbase, expressed positivity regarding the evolving stances of the Harris campaign on crypto regulations.
A Tight Presidential Race Ahead
As the national polls depict a closely contested race between Kamala Harris and Donald Trump, the outcome of the November elections remains uncertain.
🔥Hot Take: Anticipation for the Upcoming Presidential Elections🔥
It’s intriguing to witness the intersection of cryptocurrency and political campaigns, as candidates like Kamala Harris and Donald Trump explore new avenues for financial backing and support.
Sources:
– Reuters: Top Super PAC Backing Kamala Harris Accepting Cryptocurrency Donations
– NBC News: Republicans Claim Betrayal as Cryptocurrency PAC Backs Democrats
– Bloomberg TV: Kamala Harris’ Evolving Stance on Crypto Regulation
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