- Super PAC Future Forward to launch Accepting Crypto Donations to Support Kamala Harris Win the 2024 US presidential election.
- this PAC recently joined Coinbase Commerce and Ripple Receive crypto donations in a decentralized manner.
- This development is Trump received the most Polymarket votes and became the next president of the United Stateslikely due to his continued advocacy for encryption technology.
- Democrats relax their guard on cryptocurrenciespossibly out of concern that Trump’s support for blockchain could affect electoral votes.
After reportedly establishing links with Coinbase and Ripple, Future Forward announced It will accept crypto payments in support of Kamala Harris Win the 2024 US presidential election.
What’s the big deal? Because even though Donald Trump names himself the “Crypto President”,’ Harris’s stance on encryption remains secret.
Trump currently has 7% more votes than Harris on Polymarket — which could be attributed to his advocacy of cryptocurrency.
Let’s explore A pro-crypto stance could boost Harris’ chances of winning.
PAC raises millions for Harris and begins supporting cryptocurrencies
Future Forward’s move to accept cryptocurrency donations comes at a Raising hundreds of millions of dollars Support the Democratic leader on November 5.
A Coinbase spokesperson confirmed that the PAC has joined Coinbase Commerce to accept cryptocurrency donations. This allows them to fully accept cryptocurrency payments in a decentralized manner.
According to campaign finance records, many Major corporations donate to candidates who support cryptocurrency Use PACs to build support in both parties, rather than siding with presidential candidates.
But no matter how much money Future Forward raises to support Harris, The poll gap between her and Trump remains very small. Trump received 53% of the votes (about $105 million bet), while Harris lagged slightly behind with 46% (about $97.5 million).
However, a few weeks ago (August 23), their odds were even, which suggests that they Both parties still have the same chance of winning.
Kamala Harris’s odds rose 3% today.
The game was tied again. pic.twitter.com/hFkyIjaSH0
— Polymarket (@Polymarket) August 23, 2024
Trump’s Web3 Efforts Continue
Judging from the vote count, Trump’s crypto stance appears to have been effective.
He has Involved in multiple cryptocurrency-related pranks To demonstrate his advocacy for blockchain:
Recently, the Trump family unveiled an upcoming crypto platform that promises Disrupting traditional banking By serving the unbanked community.
DJT: For too long, everyday Americans have been exploited by big banks and the financial elite. Now is the time for us to stand up – together. #Resistance https://t.co/DuEtfRfrjt pic.twitter.com/txPz5FVSsSK
— Donald Trump Jr. (@DonaldJTrumpJr) August 22, 2024
However, as news of the platform’s upcoming launch spread, Hackers hacked into Trump’s daughter’s X accountdemonstrating the risks involved with high-profile online ventures, especially cryptocurrency ventures.
However, every effort is possible Convincing Crypto Enthusiasts to Vote for Trump On top of Harris.
Trump advocates a pro-cryptocurrency stance?
After Trump’s cryptocurrency stance, the Democratic Party has taken a more friendly attitude towards cryptocurrencies. On August 14, Democratic leaders attend ‘Crypto4Harris’ town hall meeting Support Harris and the cryptocurrency space.
Their sudden advocacy for cryptocurrencies could be due to Trump’s continued crypto support affecting the electoral votes.
Harris did not attend the meeting. However, Senate Majority Leader Chuck Schumer hinted that she would attend Support for new US crypto regulations If she wins.
use Pro-cryptocurrency stance aligns with Harris’ values Make people’s lives easier. Cryptocurrencies achieve this in several ways:
- Providing financial services to individuals without bank accounts
- Enhanced privacy, as financial transactions do not require disclosure of personal information
- Represents a new asset class with potential for financial gains
- Providing users with more financial freedom, especially cross-border payments
- Reduce transaction costs by avoiding third parties such as payment processors or banks
Our conclusion: Cryptocurrency donations to PACs could boost Harris’ victory
Future Forward joins Coinbase and Ripple Cryptocurrency donations could help Harris win 2024 US presidential election.
Although She has not publicly announced her views on cryptocurrencies.the PAC and other Republican members’ support for cryptocurrency could bring her to the attention of undecided voters who love cryptocurrency.
If she wins, US citizens may face tighter crypto regulation However, this can only solve industry problems such as cryptocurrency fraud and volatility.
As news continues to circulate about the PAC’s crypto stance against Harris, it will be interesting to see if Polymarket’s Trump vs. Harris statistics change soon.
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Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.
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