Time for Kamala Harris’s crypto-pivot? Coinbase exec believes…

• Harris aide believes the VP’s crypto-policies will support emerging technologies
• Execs like Coinbase’s Chief Policy Officer reacted positively to this outreach effort

The Democrats, led by President Biden and now, Vice President Kamala Harris, have for long been on the back foot as far as crypto-policies are concerned. In fact, thanks to Former President Donald Trump’s outreach efforts and pivot towards crypto, many in the community are now hoping for a Republican victory when the elections come around.

Might that change though? Well, VP Harris certainly thinks so. That is why her campaign has been reaching out to execs in the crypto-sector lately in an effort to sound them out. This might be working too. That is, according to Coinbase’s Chief Policy Officer – Faryar Shirzad.

In a recent post on X (Formerly known as Twitter), the exec claimed that he has been part of several crypto-centric discussions with the Harris campaign lately. Contrary to popular perception, however, he believes that this “dialogue has been an important first step.”

He added,

“Very much appreciate their constructive approach and their focus on advancing innovation, jobs and consumer protection in the US.”

Here, it’s worth pointing out that Shirzad went on to claim that Brian Nelson’s statement is an “encouraging second step in this direction” too. Nelson, a Senior Advisor to the Harris Campaign, was in the news recently after he stated,

“She [Harris] is going to introduce and support policies that ensure emerging technologies and that sort of industry can continue.”

Democrats vs Republicans

Nelson’s statement and the early positive reactions to it seem to suggest that Harris and the Democrats may be ready for their own pivot towards cryptos. The timing could be crucial here, especially since many in the crypto-community aren’t happy with how the Biden administration, especially the SEC’s Gary Gensler, have treated this emerging asset class.

Most see the Republicans and Donald Trump as being more receptive to their concerns. Especially in light of Trump’s recent endorsement of the sector. A lot of crypto-holders are single issue voters, which is why political analysts across the spectrum now believe that a concrete crypto-policy is absolutely necessary.

The Republicans were, perhaps, first to recognize this. That is why most crypto-funding efforts this election cycle have been directed in favour of the Trump campaign. Popular crypto-personalities like the Winklevoss brothers have already raised millions in crypto for Trump. Similarly, crypto mining execs have been visiting the Former President at his Mar-a-lago resort and are now promising to raise more millions.

For his part, Trump is accepting crypto-donations too.

Hence, it is too soon to say whether the Harris campaign’s latest outreach will have any impact.