Democrats Crypto Town Hall

The Harris campaign is suddenly making crypto headlines, but not necessarily for the right reasons.

With the Democratic National Convention just a week away, left-leaning, pro-crypto Americans are hoping the Harris campaign will finally offer a revitalized stance on crypto.

How? By pushing the Harris campaign to take a positive stance on crypto through a virtual town hall tonight called Crypto4Harris. Mark Cuban, Anthony Scaramucci, and a gaggle of left-leaning politicians will all be on the zoom.

The hopes are high, sure, but so far… actions are speaking louder than words.

Tonight is Crypto4Harris, not Harris4Crypto
Tomorrow, we may see quotes from the key speakers at tonight’s event promoting the idea of a brighter regulatory future from the Harris administration.

And while it doesn’t hurt to attend with an open mind, take everything with a grain of salt.

Despite grassroots efforts to influence her campaign, Harris has yet to make any public comments on crypto. No one knows anything… yet. And the advocacy group still hasn’t formed any official ties to the Harris campaign.

Meanwhile, It’s More of the Same
Remind you, just last week, crypto industry leaders – including execs from Coinbase, a16z, and Kraken – all jumped on a call with White House officials and a Harris advisor. The outcome? Crickets.

Meanwhile, on the very same day, the Fed slapped an enforcement action on Customers Bank, one of the last remaining crypto-friendly banks in the U.S.

All this goes to say, Choke Point 2.0 is still very much alive and kicking in the background.

The real story? Harris appears to be doubling-down on Biden's anti-crypto playbook, enlisting key figures behind the administration’s previous crackdown efforts.

Our Thoughts
If you’re counting on Harris to actually turn the tide on crypto, you’re basically betting on the Jets to win the Super Bowl – not impossible, but still a long shot.

But that doesn’t mean her campaign won’t say all of the right talking points and buzzwords.

Goldman Sachs Holds Over $400M in Bitcoin ETFs

At the end of each quarter, entities that hold >$100m in assets under management must file a 13F statement that discloses their assets holdings.

The deadline for Q2 filings was today. While there weren’t as many splashy, headline generating stories as Q1, there were still some interesting data points.

The biggest news (and the one that will get all of the press) is that Goldman Sachs now holds over $400 million of Bitcoin ETFs.

But they weren’t the only ones. We also saw that:

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