Future Forward PAC Accepting Crypto Donations Via Coinbase Commerce, Supporting Kamala Harris Campaign

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Julia Smith

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Julia Smith

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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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September 4, 2024

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The Future Forward PAC, supporting Kamala Harris’ 2024 U.S. Presidential campaign, started accepting cryptocurrency donations via Coinbase Commerce on September 4, according to a report from Reuters.

Future Forward Taking Crypto Donations Via Coinbase Commerce

As confirmed by a Coinbase spokesperson, Future Forward PAC has begun onboarding digital asset donations. This step allows left-leaning crypto enthusiasts to contribute to the super PAC in support of Kamala Harris through cryptocurrencies.

With over $164 million raised in the current election cycle, Future Forward’s acceptance of crypto donations represents an embrace of the digital asset economy, encouraging broader participation from the crypto community.

Prior to Harris’ announcement declaring her intent to run in July of this year, Future Forward had backed current U.S. President Joe Biden.

Crypto’s Role in the 2024 Presidential Campaign

On the other side of the political spectrum, Republican nominee Donald Trump has been accepting cryptocurrency donations throughout his campaign.

Trump, often portrayed as the crypto-friendly candidate, received a total of $2 million from Gemini co-founders Tyler and Cameron Winklevoss in June.

Additionally, the Winklevoss twins donated an estimated $4.9 million to Fairshake, a super PAC supporting pro-crypto political candidates.

With over $202 million in its war chest, Fairshake eclipses Future Forward’s total funds raised.

However, the crypto super PAC recently found itself in hot water with certain Republican Party members after it donated funds to two Democratic politicians challenging Trump-backed Senate candidates in Michigan and Arizona.

Kamala Harris For Crypto?

Meanwhile, the advocacy group Crypto For Harris recently hosted its first town hall, featuring prominent U.S. lawmakers, to build support for Harris from the digital asset sector.

“Crypto is here to stay, no matter what, so Congress must get it right,” stated Senator Chuck Schumer (D-NY) at the event.

In a Bloomberg TV appearance, Coinbase Chief Legal Officer Paul Grewal expressed optimism about the Harris campaign’s approach to crypto regulation.

“We’ve been encouraged even as the current administration under Gary Gensler continues with its campaign of regulation-by-enforcement, the Harris campaign – which of course stands separate from the administration – has reached out, has expressed interest, and has begun discussions to what a new approach to crypto and digital assets could look like,” Grewal said.

With national polls signaling a tight race between Harris and Trump, it’s anyone’s guess who will claim victory in November.