Crypto Advocate Backs Kamala Harris for 2024 Presidential Run, Aims to Shape Digital Assets Policy

The former CEO of Uphold, J.P. Thieriot, as cited by many as one of the most influential people in crypto, threw his weight behind Kamala Harris for the U.S. presidential election in 2024. He still holds a stake and serves on the board at Uphold. J.P. Thieriot is leading efforts to raise the digital assets community in support of Harris, who he feels will bring a new perspective into crypto regulation.

Thieriot’s advocacy comes in response to overtures by former President Donald Trump toward the crypto industry. What seemed so surprising—previous skepticism notwithstanding—the 2024 campaign just got big chunks of support from crypto leaders. Thieriot views these all as vacuous gestures, even as he feels that in a probably Harris administration, there is scope for real meaningful policy development to come through.

In a recent interview, Thieriot sounded optimistic about reaching out to the Harris campaign. “Kamala Harris has expressed the will to understand and work with the crypto industry,” he said. “It’s an opportunity we can’t afford to miss. She’s got a long way to go in terms of building trust, but she’s open to having discussions, which is a good point.”

Leading a team of crypto attorneys and professionals, Thieriot has written a long-form strategy document, presented to the Harris campaign, outlining a vision for the integration of cryptocurrency in the larger economic framework, framed by clear and supportive regulations.

A strategy paper shared with CoinDesk puts cryptocurrency at the forefront of issues in the election. “This cycle’s key interstate swing issue is likely to be crypto,” the paper says. It knocks Trump for generalities and sees an opening for Harris to lock down significant industry funding – provided she puts in the work, such as a fundraiser planned for San Francisco.

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While the sitting president is Joe Biden, who installed notoriously hard-on-crypto SEC Chair Gary Gensler, according to Thieriot, Harris may present a new opportunity. “Kamala Harris represents a potential reset,” Thieriot said. “She could usher in an era of cooperation with the crypto sector and advocate for clear, fair regulations.“

Tonya Evans, a crypto law professor and a board member of the Digital Currency Group, echoed similar sentiments to Thieriot’s. She belongs to a decentralized finance leadership group that supports Harris and is organizing in a bid to bolster her campaign. They are set to convene for an organizational meeting on Thursday.

According to the latest polling data, this will be a close race, with Harris at a slight advantage over Trump. As this election comes near, the crypto community’s engagement could be what it takes to make sure there is a fair future for digital assets in the United States. For more information and getting involved, hit up the advocacy group via Email.

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