Ex-Binance adviser Plouffe joins Harris’s 2024 campaign. Although Harris has not stated a crypto stance, she has received support from many well-known crypto figures

David Plouffe, a former adviser for Alchemy Pay and Binance, has reportedly joined Kamala Harris’ 2024 U.S. presidential campaign. Plouffe, known for his role as campaign manager and senior adviser for former President Barack Obama, ventured into the crypto industry after leaving the White House. He became a global strategic adviser for Alchemy Pay in 2023 and briefly served on Binance’s Global Advisory Board in 2022.

Harris’ crypto stance unclear

As of early August, the Harris campaign's stance on cryptocurrency remains undefined. Representatives are set to engage with crypto industry leaders at a roundtable in Washington, D.C.

This meeting may clarify the campaign's position, especially following recent social media activity highlighting Donald Trump's proposal to use Bitcoin to address U.S. debt.

Harris gets support from big names in crypto

Harris, now the official Democratic candidate, is expected to announce her vice-presidential pick soon, with contenders including Pennsylvania Governor Josh Shapiro and Arizona Senator Mark Kelly.

Notably, the campaign has attracted support from several prominent figures in the crypto world. Mark Cuban and LinkedIn co-founder Reid Hoffman are among those endorsing Harris, indicating a growing alignment between the tech and crypto sectors and her campaign.

Shift in Silicon Valley's Stance

There is a noticeable shift in Silicon Valley's political support. Many tech leaders, who previously distanced themselves from the Democratic Party, are now rallying behind Harris.

Significant figures like Ron Conway, Ryan Morrison, and Rebecca Kaden have shown their support, with some contributing financially to Democratic causes. These endorsements suggest a potential pivot in the industry's perspective on digital assets and technology.

Conclusion

While Kamala Harris' campaign is still formulating its stance on cryptocurrency, the involvement of figures like David Plouffe and the backing from tech and crypto leaders indicate a keen interest in shaping future digital asset policies. However, the campaign's definitive position remains to be seen, leaving some uncertainty in the air.