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		<title>Coinbase adds former top adviser Plouffe as it broadens its political reach</title>
		<link>https://eznews.xyz/world-news/coinbase-adds-former-top-adviser-plouffe-as-it-broadens-its-political-reach/</link>
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		<pubDate>Thu, 12 Jun 2025 11:34:51 +0000</pubDate>
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					<description><![CDATA[WASHINGTON &#8212; A senior adviser to Kamala Harris’ 2024 presidential campaign is joining Coinbase’s global advisory council, which already includes several former U.S. senators and Donald Trump’s ex-campaign manager, as the cryptocurrency exchange broadens its political reach. David Plouffe, a top Democratic strategist best known as an architect of Barack Obama’s successful 2008 presidential campaign, [&#8230;]]]></description>
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<p class="EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC "><span class="oyrPY qlwaB AGxeB  ">WASHINGTON &#8212; </span>A senior adviser to Kamala Harris’ 2024 presidential campaign is joining Coinbase’s global advisory council, which already includes several former U.S. senators and Donald Trump’s ex-campaign manager, as <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/hub/cryptocurrency">the cryptocurrency exchange</a> broadens its political reach.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">David Plouffe, a top Democratic strategist best known as an architect of Barack Obama’s successful 2008 presidential campaign, is the latest addition to the council, joining as the cryptocurrency industry plays <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/democrats-crypto-genius-act-stablecoin-trump-9e56e7a4ea9881bc83d2c35a9a9a2a19">an increasingly prominent role</a> in shaping fast-moving legislation in Congress.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">The legislation aims to create a comprehensive framework for the regulation of digital assets and comes amid a shift in Washington. President Trump, a Republican, has pledged to make the U.S. the global capital of cryptocurrency, contrasting with what industry leaders viewed as a stifling regulatory approach under the previous Democratic administration. </p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Trump and his family have also been aggressively expanding their personal business into almost every part of the cryptocurrency ecosystem, including <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/bitcoin-treasury-companies-donald-trump-michael-saylor-2a767b92cd1cd83038bdd675c4ef26d6">raising billions of dollars to buy bitcoin</a>, <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/circle-ipo-stablecoin-usdc-tether-nyse-b39736690f28824bdd06cfd2ad98dcf3">creating a new stablecoin</a> and launching and promoting a Trump-themed meme coin.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Chris LaCivita, the former co-campaign manager of Trump&#8217;s successful 2024 presidential bid, joined Coinbase&#8217;s advisory council in January. Former U.S. Sen. Kyrsten Sinema, a Democrat-turned-independent from Arizona, also joined the council, which consists of a number of other high-profile figures from both major political parties.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Plouffe previously served on the global advisory board for Binance, the world’s largest cryptocurrency exchange, before joining Harris&#8217; presidential campaign as a senior adviser in August. </p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Faryar Shirzad, Coinbase&#8217;s chief policy officer, described the role of the advisers as being a “sound board” to discuss policy efforts and business strategy. </p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">In Congress, <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://apnews.com/article/senate-stablecoins-cryptocurrency-coin-trump-5b551cf99c288c4f6059ed1689d6fcb4">legislation is advancing</a> far more quickly than usual for a new industry — a pace that some involved in shaping the bills say comes amid an all-out pressure campaign from the cryptocurrency sector.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">On Wednesday, a group of Democrats joined the Republican majority to advance legislation regulating stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar. Final passage through the Senate could come next week.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Meanwhile, a more sweeping bill to implement cryptocurrency market structure has begun moving through House committees.</p>
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