Financial Times: Kamala Harris seeks to reset relationship with crypto companies

Amid a tightening competitive landscape, Harris' confidants have held talks to engage with major US cryptocurrency exchange Coinbase (NASDAQ:COIN), stablecoin issuer Circle and blockchain payments operator Ripple Labs.

The FT's sources say the campaign to align the interests of authorities and representatives of the crypto market is aimed at “debunking the myth” that Democrats oppose tech companies, and should also emphasize the party's and Harris' commitment to creating a healthy responsible business environment.

The attempt to overload the relationship between the US crypto market and the current Joe Biden administration has drawn criticism from Gemini crypto exchange co-founder Cameron Winklevoss. The businessman said that the participants of the crypto industry have a high level of intelligence and empty promises of support for cryptocurrencies are not enough for them.