U.S. presidential candidate Kamala Harris has started accepting cryptocurrency donations through Coinbase Commerce, marking a significant moment for the U.S. political scene.
Use of Cryptocurrency in Harris's Campaign
Vice President Kamala Harris has begun accepting cryptocurrency donations through the Coinbase Commerce platform. This move positions Harris as one of the first high-profile political figures to embrace digital assets in her campaign. According to Coinbase CFO Alesia Haas, the Super PAC Future Forward, supporting Harris, is using this platform to collect funds.
Company and Public Reaction
Despite the adoption of cryptocurrency donations, Harris's campaign website has yet to display this integration clearly. The group Crypto4Harris, which actively advocates for Harris, was also unaware of the new development. This raises questions about the campaign’s strategic planning.
Significance for the Democrats
The Super PAC Future Forward, which raised $50 million in June thanks to cryptocurrency initiatives, has proven the efficiency of this method. This move underscores the Democrats' evolving stance towards digital assets. Coinbase Commerce, operational since 2018, actively supports this trend by investing in the PAC Fairshake, which endorses crypto-friendly candidates.
The adoption of cryptocurrency in Kamala Harris’s campaign underscores the growing role of digital assets in U.S. politics. While the campaign’s strategy is not yet fully clear, this move may lead to significant changes in the future.
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