Stock markets have gone through several volatile cycles, inflation has put pressure on households and businesses, and global economic uncertainty is still very much here. Surely, 2026 is already shaping up as another year when people are looking for alternatives to traditional finance. This is not as sudden as the 2020 COVID-19 shock, but the conclusion is similar: the existing financial system still has weak spots, and users keep looking for more flexible ways to store, move and grow capital.
05.09.2024
Coinbase Financial Director Alesia Haas announced this, saying that she has begun accepting cryptocurrency donations from Kamala Harris to the US presidential election in 2020 using Coinbase Commerce. It was a contemporary means of efficiently funding resources of the political game.
Clarifying donation channels
What Haas said, but without the direct connection to the candidate. Rather, her campaign is linked with the Future Forward USA PAC (political action committee). The PAC associated with the candidate connected to their system, and they received confirmation from a representative of the exchange that it would be possible to make contributions through them in favor of Kamala Harris.
Shifting democratic stance on cryptocurrency
The Democratic Party has had a long track record of lukewarm support for digital assets as compared to their usual political adversaries, if history is at all an indication. On the other hand, ongoing lobbying by cryptocurrency companies seems to be causing a change in policy. Haas added that Coinbase was spending more on such policy efforts, hinting that this type of investment could result in clearer rules across the U.S. She did not announce any particular policies, but indicated Harris may be interested in pushing for legislative action on crypto.
First, PAC has the power to deliver right money in favor of Kamala Harris campaign OpenSecrets reports that the committee has raised $163.9 million as of early September, up from $50 million two months ago. The PAC can give money to Harris’s campaign, or it can spend on ads supporting her candidacy without coordinating with her team.
The establishment of the advocacy group Crypto4Harris, among other initiatives by the new president, meanwhile is more evidence that cryptocurrency will play a larger role than ever in 2024 U. S. Presidential campaigns. That group is made up of 49 or 50 members that have said they will publicly support Harris. But some experts are skeptical. For example a pseudonymous crypto researcher who goes by the name Gumshoe recently cast doubt that Harris is actually reaching out to the community.
It is also worth noting that neither Harris nor her campaign has yet announced any acceptance of direct digital contributions themselves. The discrepancy could also exist questions as to the real participation and intentions.
Republican opposition
At the Bitcoin 2024 conference, Donald Trump said he planned to establish a strategic Bitcoin reserve and would fire SEC Chairman Gary Gensler “on Day One” of his theoretically presiding, although such promises may face practical challenges given the timeline of a new administration.
Though plenty of others in the crypto industry have contributed big bucks — with everyone from Winklevoss brothers to Kraken co-founder Jesse Powell contributing $1 million in digital assets to Trump’s 2020 war chest. Trump campaign raked in more than $20 million at Bitcoin 2024
By making a direct appeal to crypto supporters, Donald Trump can only increase the cash available to his campaign and demonstrate his connection with a vital part of the electorate who pride themselves on being tech-savvy.
