Crypto industry leaders push for clear regulations ahead of the 2024 U.S. election.
Kamala Harris gains strong financial backing from Silicon Valley’s tech and crypto donors.
SEC leadership changes expected, with both candidates likely to appoint pro-crypto figures.
As the 2024 U.S. election approaches, the crypto industry is amplifying its influence, with prominent leaders advocating for regulatory changes that could shape America’s financial future. Key figures like Ripple’s Brad Garlinghouse and Coinbase’s Paul Grewal are pushing for a clear crypto regulatory framework. They stress that millions of Americans view crypto as a part of their financial strategy.
Kamala Harris has received substantial backing from tech and crypto-aligned donors. Dustin Moskovitz has contributed $30 million to her campaign, while Netflix’s Reed Hastings donated nearly $7 million. Ben Horowitz, who previously supported Trump, recently donated $2.5 million to a super PAC supporting Harris. Federal Election Commission data shows that Harris’ outreach to Silicon Valley is proving effective, enabling her campaign to raise and spend more than twice as much as Trump’s.
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