KEYTAKEAWAYS
- Kamala Harris hires David Plouffe, ex-Binance advisor, for campaign
- Move follows Harris' recent outreach to major crypto firms
CONTENT
Democratic presidential nominee Kamala Harris adds former Obama strategist and Binance Global Advisory Board member David Plouffe to her campaign team, signaling potential shift in approach to cryptocurrency industry.
In a significant development for the 2024 presidential race, Democratic nominee Kamala Harris has reportedly added David Plouffe, a former Binance advisor and Obama campaign strategist, to her campaign team. This move, reported by Politico, comes as Harris seeks to reshape her party’s relationship with the cryptocurrency industry.
>> Also read: Harris Campaign Reaches Out to Crypto Industry, Seeking Reset
Plouffe, who previously served on Binance’s Global Advisory Board, is set to take on a specific role within the Harris campaign. While an anonymous source suggested Plouffe’s addition is “the biggest one” among several new assignments, a campaign official clarified that he is not overseeing the entire campaign strategy.
This recruitment follows Harris’s recent outreach to major players in the crypto space, including Coinbase, Ripple, and Circle. The move is seen as an attempt to repair the Democratic Party’s strained relationship with the cryptocurrency sector, with Harris reportedly conveying a message that Democrats are now “pro-business, responsible business.”
>> Also read: Vice President Harris Declines Bitcoin Conference 2024 Appearance
However, the crypto community’s response to Harris’s overtures has been mixed. Gemini co-founders Tyler and Cameron Winklevoss expressed skepticism, with Cameron describing it as a bluff and Tyler referencing “four years of terror” for the industry under Democratic leadership.
Adding complexity to the campaign’s stance on cryptocurrency is the potential vice presidential nomination of Michigan Senator Gary Peters. Known for his anti-crypto positions, Peters co-sponsored a bill that would impose traditional finance money laundering rules on the crypto industry. His potential selection has raised concerns among crypto advocates, as reflected in his “F” rating from the digital asset advocacy group Stand With Crypto.
As the presidential race heats up, Harris’s campaign strategy regarding cryptocurrency policy remains a focal point for both the industry and voters alike.
>> Also read: 2024 U.S. Presidential Election Series
