TechFlow News — On August 1, according to Fortune, Kamala Harris is softening the Democratic Party's stance on cryptocurrency, successfully winning partial support from Silicon Valley. Her connections with Bitcoin advocates, including billionaire Mark Cuban, as well as her invitation to attend the Bitcoin 2024 conference, indicate that her campaign is re-evaluating its position on crypto.
Meanwhile, Silicon Valley is also re-assessing Harris. Although many in the tech industry turned against the Democrats during Biden’s campaign, around 100 venture capitalists and founders—including some from the cryptocurrency sector—have publicly expressed support for Harris. These signatories of the pro-Harris statement say they back business, the American dream, entrepreneurship, and technological progress, aiming to pull Silicon Valley and the business community away from Trump and his allies.
Below are six cryptocurrency-focused venture investors supporting Harris:
1. Ron Conway – Founding partner of SV Angel, invested in multiple crypto companies including Coinbase and Uniswap. He stated that Harris is a strong supporter of the tech ecosystem and has contributed nearly $450,000 to her campaign.
2. Ryan Morrison – Partner at Founders Circle Capital, invested in Robinhood, which offers crypto services, and FalconX, a digital asset brokerage firm.
3. Rebecca Kaden – The first female managing partner at Union Square Ventures, whose firm has invested in 24 crypto companies, including Coinbase and Dapper Labs.
4. Mark Cuban – Invested in 20 blockchain companies, publicly criticized Trump, and has voiced aspirations for Bitcoin to become a "global currency."
5. Reid Hoffman – Co-founder of LinkedIn and partner at Greylock, who once described Bitcoin as a "transformative" investment and said supporting Harris is an investment in the future of democracy.
