Crypto Advocates Rally Behind Kamala Harris with Fundraiser Support

Cryptocurrency investors and industry leaders are planning a fundraiser for Vice President Kamala Harris, aiming to raise $100,000. The event, scheduled between major caucus conferences, seeks to influence Harris's regulatory stance on crypto. Organized by prominent crypto figures, it highlights a shift in support from the industry away from Donald Trump.

Cryptocurrency investors and industry executives are urging Vice President Kamala Harris to adopt a softer regulatory approach, planning to raise a minimum of $100,000 for her campaign at a Washington fundraiser on Sept. 13.

Scheduled between the Congressional Black Caucus and Congressional Hispanic Caucus conferences, the event aims to unite diverse donors, organizers told Reuters. Tickets range from $500 to $5,000, according to Cleve Mesidor, executive director of the Blockchain Foundation and one of the event's organizers.

This grassroots initiative signals a shift in industry support towards Harris and away from Republican nominee Donald Trump, who has previously courted crypto donors. Organizers hope the fundraiser will spark conversations about regulatory changes and increased access to capital for people of color under a potential Harris administration.

(With inputs from agencies.)