As the 2024 U.S. presidential campaign continues, Kamala Harris’ Democratic Party and Donald Trump’s Republican Party are doing everything possible to sway more groups to vote for them. Out of all these groups, both parties have mainly targeted the crypto communities, hoping to win them and their votes with their campaigns.

The US election is just 63 days away, with early voting starting in September. This has caused the presidential candidates to ramp up their efforts to get as many crypto votes as they can before D-Day, and Kamala Harris’ team seems to be making headway.

Representatives from both Trump and Harris’ campaign teams have been in touch with Coinbase. However, Paul Grewal, Chief Legal Officer at the cryptocurrency exchange Coinbase, has said that he is particularly encouraged by the team's efforts from the Democratic party.

In a Bloomberg interview, Grewal mentioned that while Trump’s campaign has more explicitly embraced crypto and pro-crypto policies, the current vice president’s campaign also seemed to have an open-minded approach to crypto and digital assets. 

Grewal said that the Harris campaign has reached out despite the “regulation by enforcement” campaign from the Securities and  Exchange Commission and Gary Gensler, the chair of the commission. He believes they have expressed an interest, and talks have begun on the government's new approach concerning crypto and digital assets.

The Coinbase CLO has cast our minds back to the SEC leadership and legislation that potentially affects the industry, including the Financial Innovation and Technology for the 21st Century (FIT21) Act. The bill has already been passed by the House since May. It is currently awaiting the Senate’s deliberation before it’s presented to President Joe Biden for either approval or a veto. 

However, Grewal believes that with the trend in the presidential campaign, we might be getting closer to a fall on that particular bill. He also hopes that both parties will embrace the structure and certainty it will provide all affected parties. 

But despite Kamala Harris’ campaign efforts to get more crypto votes, more and more signs point to Donald Trump being the one to make the most of the crypto community. 

An August poll conducted at Farleigh Dickinson University suggests that Trump may have the upper hand among crypto voters compared to Harris. This is despite the fact that Trump himself was once anti-crypto and called it a “scam” and “based on thin air.” 

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Trump has since made a complete 180 turn on his anti-crypto stance. He has not only openly supported crypto, but he has also accepted massive amounts in crypto donations to his campaign, invested heavily in cryptocurrency and even called himself the “crypto president”. 

The race only gets more interesting as the deadline approaches. Both candidates want crypto votes, but we’ll see what lengths they go to fight for them. 

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