Is Coinbase Planning To Back Kamala Harris? CLO Paul Grewal Shares Hint

With just a few months to the US Presidential election, Coinbase chief legal officer, Paul Grewal has dropped a subtle clue indicating that Coinbase is likely to support Kamala Harris. There are cryptic clues here that indicate that Coinbase CLO is supporting VP Harris. 

The trading firm’s unique position within the US political system is worth noting as Coinbase plans to support Kamala Harris. CLO Paul Grewal Shares Hintates of America. Till this subcategory, the most preferred choice for the crypto fans is still Donald Trump and Kamala Harris.

Coinbase Global Inc.’s role in American politics is evident with views on Donald Trump and Kamala Harris surfacing. The exchange’s chief legal officer, Paul Grewal, shared the company’s stance on the two candidates on Bloomberg TV.

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Will Coinbase Support Kamala Harris?

There is no word-for-word transcript, but during the interaction, Paul Grewal did not state that the firm would support the DNC Candidate. But he was much more formal with her which was okay as well. This is although she serves in the current administration which is a known foe of cryptocurrency. Grewal pointed out that Trump’s team has shown more direct support for crypto but Harris’s team shows interest now.

They have also started debating what a fresh approach to crypto and other digital assets could be in the event of Harris presidency. Additionally, the Coinbase CLO remained buoyant on the relative dominance of Harris’ campaign and its relative openness. He said his clients are interested in exploring different crypto business approaches because the current administration leans towards regulating through enforcement.

While it’s uncertain whether the Head of Coinbase explicitly supports the Vice President, it’s noteworthy that influential figures like Coinbase have not backed Trump’s campaign. But they have not also done the same for the DNC candidate.

Members of this club hope to establish a government that would be favourable to the digital asset business.

Crypto Leaders Targets Digital Asset-Friendly Government

Although pro-Crypto super PACs like Fairshake, launched in December 2021, are new, their goal to reshape DC politics for Web 3.0 is gaining momentum. With Coinbase backing Fairshake, its influence on future elections could be substantial, potentially benefiting the crypto exchange in the market.

However, already some crypto enthusiasts admitted that Coinbase is the company that acting for millions of Americans. These are those entities who wish to have a constant need for digital content in one way or the other.

US and crypto leaders seek government backing for clear cryptocurrency regulations and legal recognition of virtual currency use in their jurisdiction.

The actions of the current administration have largely been focused on cracking down on crypto. Pertinently, the American Securities and Exchange Commission recently sent a Wells Notice to OpenSea, a leading NFT exchange.