Representatives of the crypto industry are organizing a fundraiser for Kamala Harris. By doing so, they hope to persuade the Democrat to take a kinder course toward the industry.

Crypto investors and industry executives are vying for the favor of presidential candidate Kamala Harris. To do so, they plan to raise at least $100,000 for the Democratic candidate on Sept. 13 in Washington, so reports Reuters.

The fundraising target amount is relatively modest compared to the hundreds of millions Harris has already raised since President Joe Biden stepped down in July.

Still, it is a sign that at least some in the industry want to show their support for Harris. The fundraiser is a statement to Democrats to engage more intensely with crypto, said Cleve Mesidor, one of the organizers of the event.

The director of the Blockchain Foundation wants to organize more such fundraisers.

A separate group called "Crypto4Harris" was also formed this month and is planning fundraisers for Kamala Harris. Supporters include well-known figures in the scene such as billionaire Mark Cuban and Wall Street financier Anthony Scaramucci.

The Democratic candidate is competing for donations from the crypto industry with Donald Trump. The Republican won the industry's sympathy through several crypto-friendly statements.

According to crypto betting platform Polymarket, Donald Trump is currently ahead in the race to the White House.

Harris' campaign team is trying to make up ground and is seeking dialogue with the industry. According to Reuters, they met with representatives from Coinbase and Ripple in mid-August.

Kamala Harris, however, has yet to speak out clearly on crypto. For weeks now, there has been speculated about its position on Bitcoin and other cryptocurrencies. What impact such fundraisers will have on her position toward the industry remains to be seen.

The regulation of cryptocurrencies is in the US a hot topic. So far, the industry has had repeated legal disputes with the Securities and Exchange Commission (SEC). The industry hopes the new administration will bring a change of direction.