Kamala Harris‘s presidential campaign appointments hint at a potentially favorable shift towards cryptocurrencies despite her unclear stance.
Kamala Harris’ position on cryptocurrencies remains uncertain as she commences her presidential campaign in the wake of President Joe Biden’s decision not to run.
Nevertheless, her most recent strategic appointments for her team indicate a potential transition to a more favorable stance toward cryptocurrencies.
Harris has appointed David Plouffe, a former aide to Obama and a former member of the Binance Global Advisory Board, as her senior advisor for strategy, according to Reuters. Before joining Harris’ team, Plouffe was a global strategic advisor at Alchemy Pay, where she concentrated on strategy, compliance, and government relations.
Brian Nelson, who served as the Under Secretary for Terrorism and Financial Intelligence at the U.S. Treasury Department, is another substantial addition to Harris’ campaign team.
Nelson was instrumental in the Treasury’s actions against Binance last year, which were prompted by allegations of money laundering and sanctions violations.
Nelson is seen as open-minded and strives to regulate illegal activities without stifling innovation in the cryptocurrency sphere, despite his involvement in regulatory activities.
According to Cody Carbone, Chief Policy Officer of the blockchain trade association Digital Chamber, Nelson adopts a balanced approach. Nelson has worked closely with Harris for years, has been open-minded about cryptocurrencies, and has profound concerns about illegal finance while actively engaging with the sector, according to Carbone.
Harris has not yet taken a definitive step in establishing a direct relationship with the cryptocurrency world or demonstrating a distinct stance, despite these appointments.
Some have concluded that her decision not to participate in the 2024 Bitcoin Conference last month is indicative of her intention to avoid addressing cryptocurrencies as a significant policy issue prior to the November elections.
Harris also appointed Minnesota Governor Tim Walz as her potential Vice President, in addition to these strategic appointments.
Walz has not issued any public statements regarding cryptocurrencies, despite the fact that he recently signed a law establishing a daily maximum transaction limit of $2,000 for new consumers who use cryptocurrency ATMs in Minnesota.
