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Next month, Congressman Ro Khanna will host a pivotal Bitcoin strategy roundtable in Washington, D.C., with Biden Administration officials and industry leaders in attendance, aiming to bolster U.S. blockchain innovation.
Biden Officials and Industry Leaders to Join Congressman Ro Khanna for Bitcoin Strategy Roundtable in D.C.
Congressman Ro Khanna will host a critical Bitcoin strategy roundtable in Washington, D.C., next month. Biden Administration officials and industry leaders will attend the event, per CoinGape.
Next month, U.S. Congressman Ro Khanna will hold a roundtable conference in Washington, D.C.
The event is scheduled to convene representatives from the Biden Administration, Congress, and the industry, according to a private email that was obtained.
House of Representatives and Senate members are among the anticipated visitors.
The primary objective of this meeting is to establish strategies that ensure the continued innovation and dominance of blockchain and Bitcoin technologies in the United States.
Khanna's office has identified this roundtable as a critical platform for policymakers and visionaries in the blockchain sector, making it one of the most significant such gatherings to date.
Roundtable Responds to Trump's Pro-Bitcoin Actions, Aims to Address Biden's Crypto Policies and Industry Challenges
The proposed roundtable directly responds to the recent actions of the former President of the United States, Donald Trump, who has already expressed his support for the Bitcoin market. Some engagements include accepting Bitcoin Lightning payments for contributions to his campaigns, a first for any former president.
Additionally, he has committed to reversing what he calls "Joe Biden's war on crypto" and advocating for the future of Bitcoin and crypto in America.
Trump most recently demonstrated his involvement in the crypto sector during a roundtable meeting with prominent US Bitcoin miners at Mar-a-Lago, where he expressed his support for the industry. These developments occur in the Biden administration's efforts to fortify its relationship with the crypto sector and the industry's ongoing regulatory and legal challenges.
Biden Administration's Crypto Policy Shift: Potential for Crypto Donations and Regulatory Reforms Discussed
This policy has changed in light of the historical animosity toward cryptocurrencies, as demonstrated by President Biden's veto of a measure that would have allowed financial institutions to offer crypto custody services and the arrest of prominent figures in the crypto mining industry. For instance, it has been disclosed that the Biden administration's campaign is discussing the possibility of accepting crypto donations through Coinbase Commerce. This strategy is similar to that of Trump's campaign.
Additionally, the involvement of prominent figures such as Mark Cuban, who has recently criticized SEC chairperson Gary Gensler for his approach to regulating cryptocurrencies, suggests a paradigm shift. Cuban also stated that Gensler's strategy may ultimately undermine Biden's prospects in the upcoming presidential election, particularly among millennial and Gen Z voters who are more acquainted with cryptocurrencies.
This roundtable may be a tactical shift in the Democratic Party's posture on blockchain and cryptocurrency. The intention is to prevent legal actions from impeding progressive advancements in the industry.
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