Highlights:
- David Plouffe joins Kamala Harris’s campaign, bringing crypto expertise
- OMFIF pressures Harris to develop a clear crypto agenda against Trump
- Harris strengthens the campaign with seasoned strategists from Obama’s team
David Plouffe, a key adviser to former President Barack Obama with significant expertise in cryptocurrency, is joining Kamala Harris’ campaign team as a senior adviser. He served as Obama’s top adviser and managed his 2008 and 2012 campaigns, and will now be one of the most senior members of Vice President Harris’ team. His extensive experience in political strategy is expected to be a major asset for her campaign.
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In September 2022, David Plouffe joined Binance’s Global Advisory Board, led by former U.S. Senator and Ambassador to China Max Baucus. The board aims to guide the company through the rapidly growing crypto industry’s complex regulatory, political, and social challenges.
According to Reuters, David Plouffe will join the campaign team of US Democratic presidential candidate Harris. Plouffe has previously joined the Binance Global Advisory Board and served as a global strategic advisor to Alchemy Pay. https://t.co/JdXT7dZvUy
— Wu Blockchain (@WuBlockchain) August 3, 2024
Harris Urged to Develop Crypto Agenda
The Official Monetary and Financial Institutions Forum (OMFIF) recently emphasized that leading Democratic candidate Kamala Harris must address the crypto sector to remain competitive against Republican nominee Donald Trump in key battleground states. The think tank advised that Harris should develop a clear crypto agenda, as her reluctance to engage with blockchain technology might cause her to lose ground to Republicans.
The report stated, “Harris must lay out her agenda for cryptoassets, or she risks ceding the ground entirely to the Republicans.” While Harris may be “more open” to crypto than her predecessor Joe Biden.
Donald Trump, in contrast, 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. This clear stance on crypto may appeal to voters interested in the future of digital assets, potentially giving Trump an edge in the upcoming election.
Harris Bolsters Campaign with Experienced Strategists
Kamala Harris’s campaign is strengthening its team with experienced political strategists. Stephanie Cutter, a seasoned Democratic communications expert who worked as Obama’s White House communications director and deputy campaign manager, will join Harris’s team as a senior adviser for strategy messaging. Cutter’s expertise in crafting effective communication strategies will strengthen Harris’s campaign.
Other Obama alums joining the campaign include Mitch Stewart, who worked on both of Obama’s campaigns. Stewart will become a senior adviser on battleground states, focusing on securing key regions crucial for the election. David Binder, who led Obama’s public opinion research, will now lead the opinion research for Harris’s campaign.
Jen O’Malley Dillon, Biden’s former campaign chair, will continue in a top role, reporting directly to Harris. Dillon is expected to run the campaign from the original Biden headquarters in Wilmington, Delaware.
Crypto Strategy Key to Harris’s Electoral Success
The pressure from OMFIF highlights the growing importance of having a well-defined crypto policy. As the sector continues to grow and impact various aspects of the economy, political candidates’ positions on cryptocurrency will likely play a more prominent role in future elections.
Harris’s seasoned strategists and advisers may help shape her policy on cryptocurrency. With experts like Cutter and Stewart, Harris could develop a comprehensive strategy that addresses the concerns of the crypto community while aligning with broader regulatory goals.
Kamala Harris faces pressure to clarify her stance on cryptocurrency. She needs to compete with Donald Trump’s clear support for the sector. As the election nears, Harris’s success in crucial states may hinge on her ability to outline her crypto policy clearly. She is well-equipped to tackle these issues with a seasoned team supporting her.
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