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Future Forward PAC Accepting Crypto Donations Via Coinbase Commerce, Supporting Kamala Harris Campaign

Future Forward PAC Accepting Crypto Donations Via Coinbase Commerce, Supporting Kamala Harris Campaign

CryptoNewsCryptoNews2024/09/06 05:30
By:Julia Smith

Kamala Harris 2024 campaign now accepts crypto donations via Coinbase Commerce.

Last updated:
September 5, 2024 12:16 EDT

The Future Forward PAC, supporting Kamala Harris’ 2024 U.S. Presidential campaign, started accepting cryptocurrency donations via Coinbase Commerce on September 4, according to a report from Reuters.

Future Forward Taking Crypto Donations Via Coinbase Commerce

As confirmed by a Coinbase spokesperson , Future Forward PAC has begun onboarding digital asset donations. This step allows left-leaning crypto enthusiasts to contribute to the super PAC in support of Kamala Harris through cryptocurrencies.

With over $164 million raised in the current election cycle, Future Forward’s acceptance of crypto donations represents an embrace of the digital asset economy, encouraging broader participation from the crypto community.

NEW

Future Forward, the Kamala Harris SuperPAC, is starting a $50 million ad buy prior to the convention.

The buy begins with this biography/accomplishments AD. pic.twitter.com/rWqbXfItJZ

— Yashar Ali 🐘 (@yashar) July 25, 2024

Prior to Harris’ announcement declaring her intent to run in July of this year, Future Forward had backed current U.S. President Joe Biden.

Crypto’s Role in the 2024 Presidential Campaign

On the other side of the political spectrum, Republican nominee Donald Trump has been accepting cryptocurrency donations throughout his campaign.

Trump, often portrayed as the crypto-friendly candidate, received a total of $2 million from Gemini co-founders Tyler and Cameron Winklevoss in June.

Additionally, the Winklevoss twins donated an estimated $4.9 million to Fairshake, a super PAC supporting pro-crypto political candidates.

With over $202 million in its war chest, Fairshake eclipses Future Forward’s total funds raised.

However, the crypto super PAC recently found itself in hot water with certain Republican Party members after it donated funds to two Democratic politicians challenging Trump-backed Senate candidates in Michigan and Arizona.

Kamala Harris For Crypto?

Meanwhile, the advocacy group Crypto For Harris recently hosted its first town hall, featuring prominent U.S. lawmakers, to build support for Harris from the digital asset sector .

“Crypto is here to stay, no matter what, so Congress must get it right,” stated Senator Chuck Schumer (D-NY) at the event.

In a Bloomberg TV appearance , Coinbase Chief Legal Officer Paul Grewal expressed optimism about the Harris campaign’s approach to crypto regulation .

🤔 Coinbase CLO @iampaulgrewal expresses optimism about Kamala Harris' evolving stance on crypto regulation, suggesting a shift in policy could be on the horizon. #CryptoRegulations #USPresidentialElections https://t.co/QSqXlCIrWE

— Cryptonews.com (@cryptonews) September 4, 2024

“We’ve been encouraged even as the current administration under Gary Gensler continues with its campaign of regulation-by-enforcement, the Harris campaign – which of course stands separate from the administration – has reached out, has expressed interest, and has begun discussions to what a new approach to crypto and digital assets could look like,” Grewal said.

With national polls signaling a tight race between Harris and Trump, it’s anyone’s guess who will claim victory in November.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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