Obama Aide David Plouffe, Joins Coinbase Advisory Board…Expanding Bridge With Democratic Party?

Coinbase, expanding influence in Washington regardless of party (Source: Politico)

The U.S. cryptocurrency exchange Coinbase has embarked on a move to expand its political reach. According to Politico, David Plouffe, who was a key advisor to former President Barack Obama and a strategist for former Vice President Kamala Harris's presidential campaign, has newly joined Coinbase's Global Advisory Board.

This appointment is seen as part of Coinbase's strategy to strengthen relationships with both Republican and Democratic figures to build a bipartisan image. Particularly, as President Donald Trump and Republicans have recently voiced positive stands on the cryptocurrency industry, there is analysis that efforts to establish ties with Democrats are accelerating.

Coinbase seems to be actively responding to the regulatory environment while expanding its network with the political sphere to secure a more advantageous position in discussions on digital asset policies within the United States.