Kamala Harris-Backing Super PAC Future Forward Will Accept Cryptocurrency Donations

By Kanishka Singh WASHINGTON (Reuters) – A top super political action committee (PAC) backing U.S. Vice President and Democratic presidential candidate Kamala

WASHINGTON (Reuters) – A top super political action committee (PAC) backing U.S. Vice President and Democratic presidential candidate Kamala Harris will accept cryptocurrency donations, a Coinbase (COIN.O) spokesperson said on Wednesday.

Future Forward PAC, which has raised hundreds of millions of dollars to back Harris in the Nov. 5 U.S. election, will now be able to accept crypto donations via Coinbase Commerce, a service that allows merchants to accept crypto payments in a decentralized way, the spokesperson added.

Harris has not yet taken a public stance on cryptocurrencies, but her campaign staff have met with prominent crypto firms, including Coinbase and Ripple (XRP.N), Reuters has previously reported.

While Republican presidential candidate and former President Donald Trump has attempted to court big crypto donors with friendly policy pledges and slammed Democrats’ attempts to regulate the sector, a senior adviser for the Harris campaign said at a recent event that Harris would support the growth of emerging technologies, which many in the crypto industry saw as a positive sign.

Future Forward did not immediately respond to a request for comment.

Some big crypto companies are donating to pro-crypto candidates in congressional races in both parties via super PACs, campaign finance records show, rather than aligning themselves with either presidential candidate.

Cryptocurrency investors and industry executives are also planning to raise at least $100,000 for Harris at a Sept. 13 Washington fundraiser, where they will be calling on her to pursue a softer regulatory stance on the crypto industry, people familiar with the matter told Reuters earlier this month.

A super PAC can raise an unlimited amount of funds to back candidates but may not directly contribute to a campaign or a political party.

(Reporting by Kanishka Singh in Washington; Editing by Christian Schmollinger)

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