US crypto executives to throw Washington fundraiser for Kamala Harris

Democratic presidential nominee Vice President Kamala Harris speaks at a campaign rally in Savannah, Georgia, on Aug. 29, 2024. (AP)
Short Url
Updated 01 October 2024
Follow

US crypto executives to throw Washington fundraiser for Kamala Harris

  • It is the latest sign that some in the industry are rallying behind Harris rather than Republican nominee Donald Trump, who has courted big crypto donors with friendly policy pledges
  • Although Harris has yet to publicly take a stance on crypto, her campaign staff have met with prominent crypto firms including Coinbase and Ripple

Cryptocurrency investors and industry executives calling on Vice President Kamala Harris to pursue a softer regulatory stance on the industry are planning to raise at least $100,000 for the Democratic nominee at a Sept. 13 Washington fundraiser.
The grassroots event is scheduled to take place between the Congressional Black Caucus and Congressional Hispanic Caucus conferences, and aims to bring together a diverse group of donors, the organizers told Reuters. Tickets to the fundraiser range from $500 to $5,000, said Cleve Mesidor, executive director of the Blockchain Foundation and one of the organizers.
The event’s fundraising goal is small compared to the hundreds of millions Harris has raked in since becoming the Democratic presidential candidate in July when President Joe Biden dropped out of the race. But it is the latest sign that at least some in the industry are rallying behind her rather than Republican nominee Donald Trump, who has courted big crypto donors with friendly policy pledges.
Reuters was first to report the fundraiser.
The organizers include Tiffany Smith, co-chair of the Blockchain & Cryptocurrency Working Group at law firm WilmerHale and Rahilla Zafar, a crypto founder who has also worked in artificial intelligence. They are hoping that if elected, Harris will ease up on crypto after the Securities and Exchange Commission under Biden cracked down on the sector.
The agency says crypto firms are flouting securities laws, although the industry disputes that those laws apply to them.
“Why not seize on the first fundraiser — which there will be many others — to actually make a statement about what crypto is for Democrats as a potentially new administration contemplates how do they look at this?” said Mesidor.
She said she hopes the event will facilitate conversations about how a potential Harris administration might encourage crypto innovation and provide more people of color with access to capital. “We wanted to make sure that with the change in the presidential nominee for the Democrats, that we were supportive and we came together to help her understand the importance of this industry,” said WilmerHale’s Smith.
The group is not affiliated with the Harris campaign, which did not respond to a request for comment for this story.
A separate group called Crypto4Harris also emerged this month and plans to throw fundraisers for Harris. The group held a town hall during which billionaire Mark Cuban and Wall Street financier Anthony Scaramucci spoke in favor of Harris.
Although Harris has yet to publicly take a stance on crypto, her campaign staff have met with prominent crypto firms including Coinbase and Ripple, Reuters previously reported.
Those and other big crypto companies are donating to pro-crypto candidates in congressional races in both parties via super political action committees, campaign finance records show, rather than aligning themselves with either presidential candidate.
Brian Nelson, a senior adviser for the Harris campaign, said at an event at the Democratic National Convention this month that Harris would support the growth of emerging technologies, which many in the crypto industry saw as a positive sign.
“(Kamala Harris) has this golden opportunity to really lay out a plan to sway a lot of these voters from the crypto industry,” said Zafar.


Freight shipping on Mosel river in Germany blocked after accident

Updated 3 sec ago
Follow

Freight shipping on Mosel river in Germany blocked after accident

The river, known as the Moselle in France, is an important transit route for grains and rapeseed between Germany and France
Vessels cannot pass the Sankt Aldegund lock in either direction, the spokesperson said

HAMBURG: Freight shipping on the river Mosel in west Germany has been blocked to shipping after an accident involving a passenger ship that damaged a lock, authorities said on Thursday.

The river, known as the Moselle in France, is an important transit route for grains and rapeseed between Germany and France. Transit was halted after an accident on Wednesday damaged a lock at Sankt Aldegund between Koblenz and Trier, a police spokesperson said.

Vessels cannot pass the Sankt Aldegund lock in either direction, the spokesperson said.

Technical experts on Thursday were examining the lock, and it is not yet possible to comment on the level of damage or say how long the impact on shipping will last, river navigation authority WSA said.

German federal transport minister Patrick Schnieder said in a statement he will visit the accident site later on Thursday.

“I will do everything in my power to ensure that the lock can resume operations as soon as possible,” Schnieder said.

The river was closed to inland waterways shipping in December after an accident that damaged a lock at Mueden, south of Koblenz, and only reopened in February after lengthy repairs.

Initial indications are that the lock’s concrete structure and drive mechanism were not damaged in the accident, WSA head Eric Oehlmann said in a statement.

Technicians are currently assessing whether it is possible to resume limited lock operations for the waiting vessels to pass, he said.

“If not, we will find another solution, for example, through emergency locks with temporary water control barriers, which have already proven effective,” Oehlmann said.

A temporary lock was successful in allowing ships to transit during the winter disruption.

“Despite the accident, there is determination that shipping on the Moselle will not come to a complete standstill," Oehlmann said.

Japan ‘seriously concerned’ after Iran stops cooperating with IAEA

Updated 5 min 55 sec ago
Follow

Japan ‘seriously concerned’ after Iran stops cooperating with IAEA

  • ‘The engagement of the IAEA is essential for resolving Iran’s nuclear issue,’ the Japanese Foreign Ministry says

TOKYO: Japan has expressed “serious concern” over Iran’s decision to suspend cooperation with the International Atomic Energy Agency.

“Japan attaches great importance to the activities of the IAEA in verifying Iran’s nuclear program and expresses serious concern over this announcement,” the country’s Foreign Ministry said on Thursday.

“The engagement of the IAEA is essential for resolving Iran’s nuclear issue.”

Iranian authorities announced on Wednesday that they would no longer cooperate with the agency. Japan had been urging Iran to continue to cooperate with the IAEA and said all necessary diplomatic efforts to achieve this will go on, in cooperation with the international community and relevant organizations.

“Japan has consistently emphasized the importance of resolving Iran’s nuclear issue through dialogue, based on the position that Iran’s development of nuclear weapons must never be allowed, for the sake of maintaining the international nuclear non-proliferation regime,” the Foreign Ministry added.


Ex-Labour chief could form pro-Palestine party in UK

Updated 25 min 48 sec ago
Follow

Ex-Labour chief could form pro-Palestine party in UK

  • Corbyn in talks with Independent Alliance MPs elected in 2024 for opposing Gaza war
  • Jeremy Corbyn: That grouping will come together. There will be an alternative

LONDON: Former Labour leader Jeremy Corbyn has suggested he could launch a political movement to provide a left-wing “alternative” to the governing party before the next general election.

Corbyn was suspended from Labour in 2020 by the UK’s current Prime Minister Keir Starmer due to a row over antisemitism. 

He has since sat as an independent MP, and has hinted at a desire to form a new group centered around socialist policies with a pro-Palestine stance.

Corbyn told ITV’s “Peston” political show that he is holding discussions with members of the Independent Alliance, who were elected last year by running on pro-Palestine platforms against Labour MPs.

The alliance includes Leicester South MP Shockat Adam; Birmingham Perry Barr MP Ayoub Khan; Blackburn MP Adnan Hussain; and Dewsbury and Batley MP Iqbal Mohamed.

“That grouping will come together. There will be an alternative,” Corbyn said, adding that its foreign policy platform would be “based on peace rather than war,” and that it would seek to alleviate poverty and inequality.


Denmark vows to push EU membership for Ukraine

Updated 03 July 2025
Follow

Denmark vows to push EU membership for Ukraine

  • "We must strengthen Ukraine. And we must weaken Russia," Frederiksen said
  • Zelensky is meeting Frederiksen in the city of Aarhus, as well as European Commission President Ursula Von Der Leyen and European Council President Antonio Costa

AARHUS, Denmark: Denmark promised on Thursday to push for Ukraine to join the EU, as the Nordic country welcomed Ukrainian leader Volodymyr Zelensky to mark the start of its six-month EU presidency.

Ukraine launched its bid to become an EU member in the aftermath of Russia's 2022 invasion, but it has stalled because of opposition from Hungary.

"We must strengthen Ukraine. And we must weaken Russia," Danish Prime Minister Mette Frederiksen said in a statement, promising to mix increased military support to Kyiv with sanctions on Moscow.

Zelensky is meeting Frederiksen in the city of Aarhus, as well as European Commission President Ursula Von Der Leyen and European Council President Antonio Costa.

Frederiksen has stressed the importance of European security, which she links to a strict migration policy, and the country has promised to push the agenda and champion Ukraine during its EU presidency.

The Aarhus meeting comes as the United States announced it would stop supplying some weapons to Ukraine, after President Donald Trump effectively nixed the country's attempts to join the NATO military alliance.

Russian strikes have intensified in the absence of progress on resolving the conflict, and the US moves have severely hampered Kyiv, which has relied on Western military support since Russia launched its invasion in February 2022.

"Ukraine is essential to Europe's security. Our contribution to Ukraine is also a protection of our freedom," Frederiksen said.

"Ukraine belongs in the European Union. It is in both Denmark's and Europe's interest. Therefore, the Danish EU presidency will do everything we can to help Ukraine on their way towards EU membership."

Denmark's Europe minister Marie Bjerre told reporters earlier on Thursday that Ukraine's EU membership bid was "very important for us".

"We are still trying to lift the resistance from Hungary," she said.

Hungarian Prime Minister Viktor Orban has said that Ukraine's membership of the EU would "ruin" the 27-nation bloc.

Using its veto power, Hungary has effectively frozen the accession process.

Ukraine has insisted it still hopes Budapest can be brought around, claiming intensive work is being done "behind the scenes".

The Danish government said discussions at the Aarhus meeting would include increased military support, cooperation with the Ukrainian defence industry and new sanctions against Russia.

The Nordic nation has also made repeated calls for Europe to boost defence spending.

Denmark wants to move forward on a European plan presented in March to increase the defence capabilities of EU countries using simplified procedures and loans to finance investments in the European defence industry.

The Scandinavian country has already begun increasing its own defence spending, which now exceeds three percent of GDP.


Shock in Jakarta, MPs demand action after Israel assassinates Indonesian hospital director

Updated 03 July 2025
Follow

Shock in Jakarta, MPs demand action after Israel assassinates Indonesian hospital director

  • Dr. Marwan Al-Sultan, renowned cardiac surgeon, was killed in targeted Israeli airstrike
  • Israel has killed at least 492 doctors and health workers in Gaza since October 2023

JAKARTA/DUBAI: Israel’s assassination of Dr. Marwan Al-Sultan, director of the Indonesian hospital in northern Gaza, has sparked shock in Jakarta, with parliamentarians calling for new international accountability mechanisms to hold Israel legally responsible for its crimes in Gaza.

A renowned cardiac surgeon and one of Palestine’s most senior doctors, Dr. Al-Sultan graduated from Liaquat University of Medical and Health Sciences in Hyderabad, Pakistan, in 2001.

He was killed along with his wife and children in an Israeli airstrike on their temporary residence in northern Gaza on Wednesday.

His surviving daughter, Lubna, told the media that the missile “targeted his room exactly, right where he was.” Her testimony confirmed statements from the Gaza Ministry of Health and the Jakarta-based Medical Emergency Rescue Committee — which funded the Indonesia Hospital in Beit Lahia — that the attack was a targeted assassination.

“The attack on Dr. Marwan was utterly savage and barbaric,” Dr. Sarbini Abdul Murad, chairman of MER-C’s board of trustees, told Arab News.

“It was a shock to hear the news. I couldn’t believe it. He was the only heart specialist left in the north. This is a huge loss.”

The Indonesia Hospital in Beit Lahia, one of the biggest health facilities in Gaza, was one of the first targeted by Israel when it started its deadly war on the Palestinian enclave in October 2023.

Dr. Al-Sultan had never left his post, remaining with patients through multiple Israeli offensives on the hospital and personally overseeing repairs to restore essential services, MER-C said in a statement recalling how in December 2024, he evacuated the facility while under Israeli siege.

The moment was recorded on a mobile phone, showing Dr. Al-Sultan leaving only after he had ensured the safety of every patient.

The Indonesia Hospital opened in late 2015. Coordinated by MER-C, its construction and equipment were financed from donations of the Indonesian people, with dozens of engineers and builders volunteering to design and build the facility and to prepare its operations.

The killing of Dr. Al-Sultan has spurred outcry in Indonesia, with the government issuing an official condemnation and lawmakers from the Committee for Inter-Parliamentary Cooperation calling on parliamentarians around the world to “push for international accountability mechanisms” to ensure that “crimes against humanity be immediately brought to international forums, including global parliamentary bodies, so that Israel can be held legally and morally accountable for its actions in Gaza.”

Israel has killed more than 56,000 Palestinians and wounded more than 133,000 others, since October 2023. The true death toll is feared to be much higher, with research published in The Lancet medical journal in January estimating an underreporting of deaths by 41 percent.

The study says the death toll may be even higher, as it does not include deaths caused by starvation, injury and lack of access to health care, caused by the Israeli military’s destruction of most of Gaza’s infrastructure and the blocking of medical and food aid.

Data from the UN and international health organizations shows that Israel has killed at least 492 doctors and medics in Gaza since October 2023.

Dr. Al-Sultan is the 70th health care worker to be killed in the last 50 days, according to Healthcare Workers Watch.

“He was a prominent medical figure, both as a heart specialist and director of the Indonesia Hospital,” Dr. Hadiki Habib, chairman of MER-C’s executive committee, told Arab News.

“We had feared that this could happen, but he had said that he would remain in Gaza and, if he were to be martyred, it would be in his homeland.”