David Plouffe, who has a role in the cryptocurrency sector, is reportedly joining Vice President Kamala Harris’ campaign team.
According to reports, Plouffe, who previously worked on former President Barack Obama’s team, will become Harris’ senior adviser. Politico and Reuters On Friday.
Plouffe has spoken out on cryptocurrencies several times in the past, and in the past few years, he joined the Binance Global Advisory Council and served as the Global Strategy Advisor for Alchemy Pay, a company that bridges crypto and fiat currencies.
In his capacity as an advisor to Alchemy Pay, Plouffe spoke about the need for new regulation for the cryptocurrency industry in the interview. Coindesk About a year ago.
“On the government side, there has to be a sense of, ‘Okay, let’s not fit this new thing into the old rules,’” Plouffe said. “How do we create new rules? But they have to protect the public, they have to be transparent, they have to be accountable.”
In a 2023 interview, Plouffe briefly mentioned the collapse of cryptocurrency exchange FTX, saying that “there was a lot more attention on the industry.”
“There will be regulation, but the question is can regulators find the sweet spot where they can provide consumers with confidence and ensure transparency without fundamentally stifling the industry,” Plouffe added.
Cryptocurrencies have quickly become a part of the election season landscape, with the Republican Party last month expressing support for cryptocurrency companies and investors. platform It also includes a pledge to end the “illegal and un-American crackdown” on the U.S. cryptocurrency industry ahead of the 2024 election.
Meanwhile, Vice President Kamala Harris’ team Support activities The cryptocurrency industry has been swept up in the past week after President Joe Biden announced he would not run for reelection and nominated Harris as the Democratic nominee. The Democratic National Convention is expected to formally nominate Harris later this month.
A cryptocurrency roundtable is scheduled for Monday, but it’s unclear exactly what will be discussed. According to sources, Anita Dunn, a senior adviser to President Biden, is expected to attend. Dunn is leaving the White House to join Harris’s super political action committee. Ripple CEO Brad Garlinghouse and executive chairman Chris Larson are also expected to attend, according to sources.
Dunn, Congressman and Cryptocurrency Leaders Meet last month At the Willard Hotel in Washington, D.C., he will discuss a variety of topics, including the actions taken by the Securities and Exchange Commission on the agency’s employee accounting board and the need for the Biden administration to engage with the cryptocurrency industry.
Next week’s group meeting will be smaller than the one held last month, sources said.
Updated on August 2nd at 7:50 PM UTC to include details of Ripple executives attending the cryptocurrency conference.
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