David Plouffe, adviser to former President Barack Obama with crypto expertise, is set to join Kamala Harris’ campaign team as a senior adviser.
Plouffe to Contribute to Crypto Perspectives
According to Politico, Plouffe was the top adviser to Obama and will be one of the most senior in Harris’ team. He managed Obama’s 2008 campaign and played a similar role in the 2012 reelection as a White House senior adviser.
The personnel change follows weeks of speculation and lobbying by Harris allies for fresh perspectives. They believe Plouffe will bring valuable insights to the campaign team she inherited from President Joe Biden after he decided against seeking reelection.
In his new role, Plouffe will pause his weekly podcast, The Campaign Managers. However, he will continue working with his existing private sector clients but will end his advisory relationship with TikTok.
In September 2022, Plouffe joined Binance’s Global Advisory Board. It was chaired by former U.S. Senator and Ambassador to China, Max Baucus. The announcement by Binance stated that the board’s purpose was to advise the company on complex regulatory, political, and social challenges. These are issues that the crypto industry encounters as it rapidly grows and evolves.
Kamala Harris Needs Clearer Crypto Agenda
The Official Monetary and Financial Institutions Forum (OMFIF) recently stated that Kamala Harris, the leading Democratic candidate, must address the crypto sector. This is necessary to stay competitive against Republican nominee Donald Trump in key battleground states.
The think tank suggested Harris needs a clear crypto agenda. Otherwise, she risks losing ground to the Republicans due to her reluctance to engage with blockchain. “Harris must lay out her own agenda for cryptoassets or she risks ceding the ground entirely to the Republicans,” the report reads. Although Harris may be “more open” to crypto than her predecessor Joe Biden, she has largely remained silent on the issue.
Donald Trump has been vocal about his support for cryptocurrencies. He recently declared his intent to make the U.S. “the crypto capital of the planet” at the Bitcoin 2024 Conference in Nashville.
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