Biden adviser who attended crypto roundtable joins pro-Harris Super PAC

Turner Wright7 hours agoBiden adviser who attended crypto roundtable joins pro-Harris Super PACThe Future Forward PAC has previously accepted donations from former FTX CEO Sam Bankman-Fried, which may be subject to forfeiture.1108 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksA senior adviser to United States President Joe Biden is leaving the White House, reportedly to join a political action committee (PAC) supportive of prospective 2024 presidential candidate Kamala Harris.

In a July 30 statement, President Biden suggested that his adviser Anita Dunn would be leaving the White House in the near future. A Washington Post report said she will join the Democratic-focused Super PAC Future Forward as a senior adviser and its partner organization Future Forward USA Action as an adviser.

According to Open Secrets, the Future Forward PAC (FF PAC) focuses on Harris’ campaign to defeat Republican nominee Donald Trump in the November election. The Super PAC reportedly plans to commit at least $300 million to support Harris, while Dunn will work on campaign-related efforts.Crypto contributions?

On July 10, Dunn, acting in her personal capacity, met with representatives of crypto firms and US lawmakers at a roundtable event to discuss digital asset regulation. The event marked one of the first times White House staff engaged directly with the crypto industry following President Biden’s veto of a resolution to overturn a Securities and Exchange Commission rule requiring banks to record crypto as a liability on their balance sheets.

It’s unclear whether Dunn’s activities at the PAC will involve crypto. Before the 2022 US midterm elections, executives at FTX, including former CEO Sam Bankman-Fried, contributed to Future Forward as part of efforts to support Democratic candidates. Some of the funds may be subject to forfeiture by a court.

Related:Kamala Harris presents an opportunity for Democrats on crypto, say lawmakers

Under US Federal Election Commission guidelines, PACs are essentially not permitted to directly coordinate their activities with political candidates. Cointelegraph could not contact a spokesperson for the FF PAC. As of July 31, the committee did not appear to accept donations in cryptocurrency.

Funds allocated by crypto-focused PACs may impact the 2024 elections, both for the US presidency and congressional seats. The Fairshake PAC affiliates Defend American Jobs and Protect Progress used more than $2 million on media buys to support Democratic and Republican candidates running for House seats in Arizona, which held its primaries on July 30.

Magazine:Crypto voters are already disrupting the 2024 election — and it’s set to continue# Cryptocurrencies# Politics# Donations# Regulation# Joe Biden# Kamala HarrisAdd reaction