Crypto Is Investing in Democrats to Advance Agenda in Congress

Crypto companies are investing in Democrats as they seek to muscle an industry-friendly regulatory regime through Congress and ensure new laws persist after President Donald Trump leaves office.

Cryptocurrency exchange Coinbase Global Inc. added David Plouffe, a former senior adviser to Kamala Harris’ 2024 presidential campaign and Barack Obama aide, to its global advisory council last week. Meanwhile, stablecoin giant Tether Holdings SA recently registered Lilette Advisors, a firm founded by staffers for former President Joe Biden, as their lobbyist, according to public disclosures filed at the end of May. Ankit Desai, a partner of the firm who used to work for Biden, is listed as El Salvador-based Tether’s only lobbyist in the registration.