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One of President Joe Biden’s senior economic advisors and former board member of Ripple Labs, Gene Sperling, is leaving the White House to join Kamala Harris’s 2024 presidential campaign. Biden announced on August 5th that Sperling had departed from the administration. Sperling has served as a senior advisor in the Biden administration since 2021. With Harris’s campaign about three months away, this move is seen as a strategic step against key candidate Donald Trump.
Role of Cryptocurrencies in Elections
Sperling’s joining Ripple’s board in 2015 and his previous roles as an economic advisor in the Bill Clinton and Barack Obama administrations are seen as significant advantages for Harris’s campaign. Sperling’s departure could influence Harris’s stance on cryptocurrencies.
Additionally, it has been reported that David Plouffe, a former member of Binance‘s global advisory board, will also support Harris’s campaign. Anita Dunn, who has direct contact with the cryptocurrency sector, is expected to join a political action committee focused on Democrats.
Harris’s Cryptocurrency Policy
It is not yet clear whether Harris’s campaign will take an official stance on Blockchain and cryptocurrencies. However, campaign officials are expected to attend a roundtable meeting with crypto companies and U.S. lawmakers this week. Harris forming a clear policy on cryptocurrencies and Blockchain technology could have a significant impact on the elections.
Many experts predict that cryptocurrencies will be a major topic among leading party candidates in the 2024 U.S. elections. Donald Trump spoke at the Bitcoin 2024 conference on July 27th, making several promises regarding cryptocurrencies and Blockchain. In contrast, Harris’s campaign has yet to take a clear position on crypto assets.
The Vice President is expected to announce her candidate by August 6th. Potential candidates include Pennsylvania Governor Josh Shapiro, Arizona Senator Mark Kelly, and Minnesota Governor Tim Walz. Sperling’s joining Harris’s campaign is the latest personnel transfer from the White House to Harris’s campaign since Biden announced on July 21st that he would not run for re-election.
