U.S. presidential candidate Kamala Harris is reportedly expanding her campaign team by adding a former Binance advisor.
Politico has revealed that David Plouffe, a former political adviser to President Barack Obama and a previous member of Binance’s Global Advisory Board, is joining Harris’s campaign. An insider told Politico that Plouffe’s role is significant, but he will not be overseeing the entire campaign.
A campaign representative clarified that Plouffe’s involvement is specific to a certain role and he is not a senior advisor for the entire campaign.
Harris, who became the Democratic nominee after President Joe Biden exited the race last month, has been reaching out to major crypto companies, such as Coinbase, Ripple, and Circle, to mend relations with the crypto sector. She reportedly conveyed that Democrats are now “pro-business, responsible business” in their approach to the industry.
The Winklevoss twins, co-founders of the Gemini crypto exchange, have been critical of Harris’s efforts to improve the party’s stance on cryptocurrency. Cameron Winklevoss dismissed Harris’s outreach as insincere, while Tyler Winklevoss accused Democrats of mistreating the crypto sector over the past four years.
Additionally, anti-crypto Senator Gary Peters from Michigan is rumored to be a potential vice presidential pick for Harris. Peters, known for co-sponsoring legislation to impose strict money laundering regulations on the crypto industry, holds an “F” rating from the digital asset advocacy group Stand With Crypto.
Investor attention is locked on upcoming U.S. inflation data, which could shape Federal Reserve policy and ripple through financial markets, including crypto.
The head of CryptoQuant, a market intelligence firm, sees a major future role for crypto assets in politics.
Vitalik Buterin’s latest move to address concerns surrounding the Ethereum Foundation appears to be gaining traction, as fresh on-chain data reveals a significant influx of funds into the foundation’s multisig wallet.
Brazil’s central bank president, Gabriel Galipolo, recently spoke at a Bank for International Settlements event in Mexico City, highlighting the surge in cryptocurrency use within the country.