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Why both Trump and Kamala are courting the crypto-bro vote
- Crypto corporations have dumped some $119 million into this year's federal elections, more than any other industry.
- Both former President Donald Trump and Vice President Kamala Harris are courting the crypto community for votes and donors.
- Trump has embraced the crypto community through making promises of creating a national bitcoin stockpile and writing crypto regulations with love instead of hate.
- Harris' efforts are more subtle but have been making overtures to the crypto industry for weeks, seeking to reset the relationship between the industry and the administration.
- For Trump, crypto is a natural fit as its fans/users/investors are disproportionately young men, a constituency that the Republican nominee is courting.
- Crypto is low on the list of priorities for voters, but both candidates have taken notice of crypto's influence within the technology sector.
- The crypto industry has amassed significant financial power that it is willing to wield politically, which can be tough for politicians to ignore.
- Crypto companies don't want to make partisan enemies, so it's a good idea to have friends on both sides of the aisle.
- Ultimately, the point is to make nice with tech and try to win in November, while also trying to reset the relationship with the industry and put out feelers about meeting with firms such as Coinbase and Circle.
- Harris and Trump will likely continue to make appeals to the crypto community for votes and donors, but it is unclear what they will actually do on crypto policy.
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