PULSE POINTS:
❓What Happened: A senior adviser to Kamala Harris’s presidential campaign, David Plouffe, has joined Coinbase’s global advisory council.
👥 Who’s Involved: David Plouffe, Chris LaCivita, Kyrsten Sinema, and Faryar Shirzad are among those involved, alongside other political figures from both parties.
📍 Where & When: Coinbase’s global advisory council, ongoing legislative developments in Congress, Washington, D.C., 2025.
💬 Key Quote: Coinbase’s Faryar Shirzad described the advisers’ role as a “sound board” for policy and strategy discussions.
⚠️ Impact: Cryptocurrency legislation is advancing rapidly in Congress, with bipartisan support for measures regulating stablecoins and broader market structures.
IN FULL:
David Plouffe, a senior adviser to Kamala Harris’s failed 2024 presidential campaign and a prominent Democratic strategist, has joined Coinbase’s global advisory council. The council, formed by the cryptocurrency exchange, includes several high-profile figures from both major political parties, such as Chris LaCivita, a former co-campaign manager for President Donald J. Trump’s 2024 presidential campaign, and former U.S. Senator Kyrsten Sinema (I-AZ).
Plouffe, widely recognized for his role in Barack Obama’s 2008 campaign, previously served on the global advisory board of Binance, the world’s largest cryptocurrency exchange. His addition to Coinbase’s council comes as the cryptocurrency industry intensifies its efforts to influence the regulatory landscape in Washington.
Coinbase Chief Policy Officer Faryar Shirzad explained the purpose of the advisory council, stating it serves as a “sound board” for discussing policy initiatives and business strategies. This development reflects the growing political involvement of the cryptocurrency sector as Congress moves to address digital asset regulation.
On Capitol Hill, lawmakers are advancing legislation aimed at creating a comprehensive regulatory framework for cryptocurrencies. A bipartisan group in the House recently approved a bill regulating stablecoins—digital currencies typically tied to the U.S. dollar. The legislation is expected to proceed to the Senate as early as next week. Meanwhile, broader measures addressing the structure of cryptocurrency markets are under review in House committees.
The legislative push coincides with President Donald J. Trump’s commitment to establishing the United States as a global cryptocurrency hub. Trump and his family have been expanding their interests in the sector, including investments in Bitcoin, the creation of a stablecoin, and the promotion of a Trump-themed cryptocurrency.
Chris LaCivita, who joined Coinbase’s advisory council in January, played a key role in Trump’s 2024 presidential election victory.