The Future Forward USA PAC, which supports Vice President Kamala Harris\u2019 presidential campaign, is now accepting crypto donations through Coinbase Commerce.<\/p>\n
This comes after a clarification following comments made by one of the company\u2019s executives that initially caused confusion.<\/p>\n
During Citigroup\u2019s 2024 Global TMT Conference in New York this week, Coinbase Chief Financial Officer Alesia Haas appeared to suggest that the Democratic candidate was directly using the platform for her political contributions.<\/p>\n
\u00a0\u201cShe\u2019s using Coinbase Commerce now to accept crypto for her campaign,\u201d Haas told Citigroup\u2019s director of payments, Peter Christiansen, in a conversation that was recorded <\/a>and reviewed by Fortune.<\/p>\n However, a spokesperson for the exchange has since corrected the statement, explaining that she was referring to Future Forward USA, a pro-Harris PAC, rather than the Vice President\u2019s election machinery itself.<\/p>\n \u201cCoinbase can confirm that the Future Forward PAC has onboarded with Coinbase Commerce to accept crypto donations,\u201d the spokesperson said <\/a>in a follow-up with CoinDesk.<\/p>\n While Harris is not currently accepting crypto directly, the move by Future Forward USA may suggest an evolving stance among Democrats toward digital currencies.<\/p>\n Historically, the Biden administration has\u00a0been<\/a> criticized by<\/span>\u00a0the cryptocurrency industry for what some see as an anti-crypto regulatory stance.<\/p>\n In contrast, her Republican opponent, Donald Trump, has actively sought and won <\/a>support from crypto enthusiasts and companies.<\/p>\n Future Forward USA, a hybrid campaign finance organization initially formed to support President Joe Biden, has been a significant player in Democratic political funding. The group can either contribute directly to a political movement or spend independently on advertising, provided there is no coordination with the candidate.<\/p>\n Meanwhile, Haas acknowledged the growing influence of crypto in U.S. politics. Her company, which contributed<\/a> to Fairshake earlier this year, has been actively involved in supporting pro-crypto candidates.<\/p>\n \u201cWe are seeing those dollars have an impact in those elections,\u201d she noted, referencing the success of crypto-friendly candidates backed by Fairshake in 32 of 34 races.<\/p>\n She also expressed optimism that Harris could play a pivotal role in shaping future crypto legislation. \u201cShe has a huge opportunity. We\u2019re cautiously optimistic,\u201d hinting at her potential legislative moves, though specifics remain unannounced.<\/p>\n Despite the move by the PAC, Coinbase CEO Brian Armstrong confirmed that the company has not directly donated to either presidential drive.<\/p>\n The post Coinbase Clarifies Confusion Surrounding Kamala Harris\u2019 Crypto Donations<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The Future Forward USA PAC, which supports Vice President Kamala Harris\u2019 presidential campaign, is now accepting crypto donations through Coinbase Commerce. This comes after a clarification following comments made by one of the company\u2019s executives that initially caused confusion. Coinbase Clarifies Misstatement During Citigroup\u2019s 2024 Global TMT Conference in New York this week, Coinbase Chief […]<\/p>\n","protected":false},"author":0,"featured_media":3778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/3777"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3777"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/3777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/3778"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Crypto\u2019s Growing Political Influence<\/h2>\n