Ripple, Coinbase & Circle to Meet with VP Harris on Crypto “Reset”

Vice President Kamala Harris is ramping up her campaign’s outreach to major crypto players like Ripple, Coinbase, and Circle.

Kamala Harris sitting on top of giant ETH coin, with bitcoins by her side, and a glowing map of America behind her.
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  • Kamala Harris’ campaign has ramped up efforts with major crypto players.
  • Meetings with Ripple, Coinbase, and Circle have focused on crypto.
  • Amid Trump’s crypto ties, Harris has sought alignment with the industry.

Vice President Kamala Harris’ campaign is intensifying efforts to connect with key players in the crypto industry, signaling a significant shift. Recent reports reveal that Harris’ team is actively seeking meetings with influential firms like Ripple, Coinbase, and Circle, aiming to build a strong relationship with this rapidly evolving sector.

On July 27, the Financial Times highlighted Harris’ campaign’s focus on these major crypto entities. Ripple, known for its innovations in cross-border payments; Coinbase, a leading cryptocurrency exchange; and Circle, the issuer of the USDC stablecoin, are all being approached as part of this initiative. 

Harris Campaign Seeks to Build Relations with Crypto Giants

This outreach reflects a broader Democratic Party strategy to align more closely with the burgeoning crypto industry. The context is notable. The cryptocurrency sector has recently seen substantial support for former President Donald Trump, who has actively championed pro-crypto policies. 

Sponsored

Trump’s campaign has successfully attracted significant backing from the crypto community, emphasizing his agenda’s appeal to industry leaders. Harris’s campaign, however, seeks donations and aims to foster a positive relationship with the crypto sector. 

Their goal is to demonstrate a commitment to supporting responsible innovation and business practices, positioning the Democrats as allies in the crypto industry’s evolution. Recent developments further highlight this shift. 

Trump’s Bitcoin Conference Visit Shows Crypto-Political Ties

Trump’s participation in the Bitcoin Conference in Nashville underscores his campaign’s alignment with the crypto community. His pro-growth platform, which includes tax cuts and deregulation, resonates strongly with industry leaders.

In response, Ripple Labs CEO Brad Garlinghouse has cautioned against anti-crypto positions within the Democratic Party, warning that such stances could alienate a significant voter segment. 

Additionally, BitGo CEO Mike Belshe is organizing a fundraiser for Trump’s campaign, featuring Republican vice-presidential nominee JD Vance. This reinforces the strong ties between cryptocurrency and political support. As politics and cryptocurrency converge, these developments underscore a key moment in merging digital finance and national politics.

On the Flipside

  • Ripple is involved in legal disputes with the SEC over XRP, which might affect its engagement in new political relationships.
  • Given the crypto sector’s diverse priorities, engaging with Ripple, Coinbase, and Circle may not quickly lead to policy changes.

Why This Matters

As crypto-political ties increase, the active engagement with major industry players like Ripple, Coinbase, and Circle highlights the growing influence of cryptocurrency in shaping future regulatory frameworks. This development could significantly impact how the sector navigates evolving policies and fosters innovation in a more supportive environment.

To explore how the crypto industry is reacting to potential changes in SEC regulation, read here:
Crypto Industry Bets on Trump to “Reset” SEC’s Regulation Policy

To find out how Trump plans to raise funds at the Bitcoin conference, read here:
Trump Backers Seek to Raise $15M at Bitcoin Conference in Nashville

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Kyle Calvert

Kyle Calvert is a reporter for DailyCoin covering all Ripple (XRP) developments and market analysis. Kyle's has major XRP holdings, moderate in Solana and Ethereum, and minor holdings across 20+ other cryptocurrencies.

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