A major super political action committee (PAC) supporting U.S. Vice President and Democratic presidential candidate Kamala Harris, known as Future Forward PAC, will begin accepting cryptocurrency donations. A spokesperson from Coinbase confirmed the move on Wednesday, marking a significant step in the integration of digital currencies into political fundraising.
Future Forward PAC has already raised hundreds of millions of dollars to support Harris in the 2024 U.S. presidential election, where she faces a tight race against Republican candidate and former President Donald Trump. The November 5 election is expected to be highly competitive, with polls indicating a close contest.
While Harris has not yet publicly addressed her stance on cryptocurrencies, her campaign team has been actively engaging with key players in the industry. Previous reports from Reuters highlighted meetings between Harris’s staff and prominent crypto firms such as Coinbase and Ripple, suggesting a potential openness to the sector.
Former President Trump has already sought to attract cryptocurrency donors by making pro-crypto policy pledges and criticizing efforts by Democrats to increase regulation of the digital asset industry. At a recent event, Brian Nelson, a senior adviser for the Harris campaign, hinted at Harris’s support for emerging technologies, which many in the crypto industry interpreted as a favorable sign.
Coinbase Confirms Crypto Donations
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A Coinbase spokesperson confirmed that Future Forward PAC has partnered with Coinbase Commerce, a platform that enables businesses to accept cryptocurrency payments. “Coinbase can confirm that the Future Forward PAC has onboarded with Coinbase Commerce to accept crypto donations,” the spokesperson said. Coinbase Commerce allows for decentralized cryptocurrency transactions, making it a widely used tool for global merchants.
In addition to Future Forward PAC, several other super PACs have seen donations from major cryptocurrency companies in both Democratic and Republican congressional races. Rather than aligning strictly with one presidential candidate, these companies have spread their donations across pro-crypto candidates, emphasizing their interest in industry-friendly policies.
Fundraiser Planned for Harris
Cryptocurrency investors and industry executives are reportedly planning to raise at least $100,000 for Harris at a fundraiser in Washington, D.C., on September 13. Many in the crypto community hope Harris will adopt a less stringent regulatory approach to the industry.
Super PACs can raise unlimited funds to support candidates but are prohibited from directly contributing to or coordinating with a candidate’s campaign or political party.
