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Coinbase Expands Bipartisan Political Council as Congress Moves on Crypto Regulation

Adding David Plouffe underscores the industry’s sway with lawmakers on fast-moving stablecoin legislation.

FILE - The Coinbase logo covers the Nasdaq MarketSite in New York's Times Square, April 14, 2021. (AP Photo/Richard Drew, File)
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Overview

  • David Plouffe, former senior adviser to Vice President Harris and architect of Barack Obama’s 2008 campaign, joined Coinbase’s global advisory council on June 12.
  • The advisory council now includes figures from both major parties, such as Chris LaCivita, Kyrsten Sinema and other ex-senators, reflecting bipartisan interest in digital assets.
  • Congress advanced a key stablecoin regulation bill with bipartisan support this week, pushing the measure toward Senate passage.
  • A comprehensive cryptocurrency market-structure bill has begun moving through House committees, extending regulatory oversight beyond stablecoins.
  • The crypto industry spent over $130 million in 2024 congressional races and the Trump administration, along with his family’s crypto ventures, is driving a pledge to make the U.S. the global crypto capital.