Future Forward PAC supports Kamala Harris by accepting cryptocurrency donations, backing her 2024 presidential campaign.

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Kamala Harris

In a move to modernize political fundraising, Future Forward PAC, a top super political action committee (PAC) supporting U.S. Vice President and Democratic presidential candidate Kamala Harris, will now accept cryptocurrency donations, according to a statement released by Coinbase on Wednesday.

This development brings a fresh, tech-forward approach to Harris’ presidential campaign, adding a new dimension to the race against Republican candidate and former President Donald Trump.

Why Crypto Donations Matter

Future Forward PAC has raised hundreds of millions of dollars to support Harris in her presidential bid for the upcoming Nov. 5 U.S. election, with the polls showing a tight race between Harris and Trump, every dollar—or, in this case, every Bitcoin—counts.

Interestingly, Harris has not officially taken a public stance on cryptocurrency.

However, according to earlier reports by Reuters, her campaign team has been meeting with leading crypto firms like Coinbase and Ripple.

This quiet engagement signals that the Harris campaign is keeping its options open regarding the future of digital currencies.

Meanwhile, Trump has also tried to woo the cryptocurrency community by promising a more hands-off approach to regulating the industry.

In contrast, Democrats have been more cautious about embracing crypto, leading some industry players to favor more crypto-friendly candidates.

Quote of the Day

A Coinbase spokesperson shared:

“Coinbase can confirm that the Future Forward PAC has onboarded with Coinbase Commerce to accept crypto donations.”

Coinbase Commerce, for those not in the know, is a tool that enables merchants worldwide accept cryptocurrency payments decentralized

This move is being hailed as a step toward aligning Harris’ campaign with emerging technologies.

Brian Nelson, a senior adviser for the Harris campaign, subtly echoed this message.

Nelson remarked at a recent event that Harris would support the growth of emerging technologies — a hint the crypto industry welcomed.

The Politics of Crypto

While Harris’ approach may be cautious, big names in the cryptocurrency industry want to influence the election from behind the scenes.

Plans are already in motion to raise at least $100,000 for the Harris campaign at a fundraiser set for Sept. 13 in Washington.

This event, organized by vital crypto investors and industry execs, encourages the Harris campaign to adopt a more crypto-friendly regulatory stance.

However, it is not just about the presidential candidates.

Based on campaign finance records, several crypto companies donate to pro-crypto candidates in congressional races on both sides of the aisle via super PACs.

This strategic play shows that cryptocurrency might be decentralized, but its political influence is anything but.

The Power of Super PACs

For those unfamiliar, a super PAC can raise unlimited funds to support candidates.

The catch?

They cannot directly contribute to a campaign or political party.

This allows super PACs like Future Forward to rally behind candidates with significant financial muscle, often becoming major players in high-stakes election outcomes.

In the case of Future Forward, which is now leveraging cryptocurrency donations, the Harris campaign seeks to engage with modern and innovative financial tools.

Whether this strategy can support the tight race in Harris’ favor remains to be seen.

However, one thing is sure: crypto could be the influence currency in this election.