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Advisers to Vice President Kamala Harris\u2019s campaign have been contacting key players in the crypto industry to develop relationships that could eventually inform a regulatory framework, sources told the Financial Times<\/a><\/em>.<\/p>\n In recent days, that outreach effort has included crypto exchange Coinbase<\/a>, stablecoin company Circle, and blockchain payments firm Ripple Labs, according to the report. <\/p>\n One source told the FT<\/em> that the message Harris wants to send is that Democrats are \u201cpro-business, responsible business.\u201d<\/p>\n Her elevation to the top of the Democratic presidential ticket is also seen as a chance to reset relations with the tech sector after the Biden administration\u2019s regulatory stance created a backlash in what has traditionally been a more liberal-leaning industry.<\/p>\n The Harris campaign, Coinbase, and Circle didn\u2019t immediately respond to requests for comment. A spokesperson for Ripple pointed to recent remarks that CEO Brad Garlinghouse posted to social media platform X<\/a>.<\/p>\n On Friday, he urged Harris to distance herself<\/a> from \u201cfolks like this who spout utter nonsense,\u201d referring to Rep. Brad Sherman (D-Calif.) who has been a harsh crypto critic. <\/p>\n \u201cThe Dems aren\u2019t winning any votes for being anti-crypto (and thus anti-innovation), while the Republicans are gaining votes for embracing and encouraging innovation here in the US,\u201d Garlinghouse said. \u201cIt\u2019s time to catch up with so many other leading economies and governments with clear rules of the road.\u201d<\/p>\n And in a post on Wednesday<\/a>, he cautioned against jumping to conclusions about candidates based only on their party, adding that Harris is familiar with Silicon Valley and has an opportunity to provide a reset on issues like crypto regulation. <\/p>\n \u201cI\u2019ll keep an open mind for now\u2014but also agree that if she uses the same Elizabeth Warren-like rhetoric, then she has miscalculated the political liability that is Gary Gensler,\u201d he wrote.<\/p>\n Indeed, SEC Chairman Gensler has drawn particular ire, even from Democratic allies like billionaire Mark Cuban, who recently called on Biden to fire him<\/a>.<\/p>\n But Cuban, a noted crypto enthusiast, told Decrypt<\/a><\/em> that Harris campaign advisers have reached out to him recently as well.<\/p>\n \u201cI\u2019m getting multiple questions from her camp about crypto,\u201d he said Tuesday. \u201cSo I take that as a good sign.\u201d<\/p>\n Meanwhile, former President Donald Trump has been making overtures to the crypto sector after reversing his earlier skeptical stance and his speaking at the Bitcoin 2024 conference on Saturday.<\/p>\n That\u2019s as the presidential election has emerged a major fault line dividing Silicon Valley<\/a>, with\u00a0venture capital partners Marc Andreessen and Ben Horowtiz as well as the Winklevoss backing Trump. On the other side, LinkedIn<\/a> cofounder Reid Hoffman, former Meta COO Sheryl Sandberg, and SV Angel\u2019s\u00a0Ron Conway<\/a>\u00a0are among the other big-name techies that have publicly endorsed Harris.<\/p>\n<\/div>\n CEO Daily provides key context for the news leaders need to know from across the world of business. Every weekday morning, more than 125,000 readers trust CEO Daily for insights about\u2013and from inside\u2013the C-suite. Subscribe Now<\/a>.<\/div>\n\nRecommended Newsletter:<\/strong><\/p>\n