Crypto Executives Meet White House Officials to Deliberate on Crypto Regulations

Jimmy Aki
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On August 8, crypto industry leaders met with the White House officials to discuss future crypto regulations and policies. The virtual meeting had executives from Coinbase, Kraken, Ripple, Circle, and the U.S. government in attendance.

Participants and Deliberations of the Meeting in Detail

The crypto executives discussed how the Biden administration can modify its stance and policies around crypto assets given that President Joe Biden’s term is set to end in January 2025, with Kamala Harris being a possible successor.

They also advocated for clear and transparent crypto regulations, and called for the replacement of the Securities and Exchange Commission (SEC) Chair Gary Gensler, citing his harsh and predatory actions against crypto firms.

The crypto meeting brought together industry leaders, including Brad Garlinghouse and Chris Larsen of Ripple, Uniswap’s Hayden Adams, Denelle Dixon of Stellar Development Foundation, Kraken’s David Ripley, and Circle’s Jeremy Allaire.

Also in attendance were notable figures like Mark Cuban, Coinbase’s Paul Grewal, and Anthony Scaramucci, alongside government officials Wally Adeyemo, U.S. Deputy Secretary of the Treasury, and Lael Brainard, National Economic Council Director.

This meeting marks the latest in a series of engagements between the Biden administration and crypto industry leaders. Previously, in July, President Biden’s senior adviser Anita Dunn, lawmakers, and crypto leaders discussed the future of the industry at a roundtable in

Washington, D.C. Several issues were raised at the meeting, including the need for the Biden administration to take a more positive interest in digital assets.

U.S. Electoral Candidates Still Remain Divided on Cryptocurrencies

Democratic candidate, Vice President Kamala Harris, is still yet to indicate her stance on cryptocurrencies, although her team reached out to crypto leaders not too long after President Joe Biden quit his reelection bid.

Meanwhile, an organization known as Crypto4Harris claimed that Harris has the support of crypto industry leaders and policy experts as long as she is willing to create transparent policies to position America as a leader in digital assets.

In contrast, Republican presidential candidate Donald Trump has already been perceived as a pro-crypto candidate due to his expressed support for the industry, setting the stage for a intriguing political dynamic in the upcoming election cycle.

The erstwhile president accepts crypto donations for his campaign as he urged the U.S. to strive for crypto industry supremacy. He also promised to end an “unlawful and un-American crackdown” on the U.S. crypto industry.

The data from Polymarket shows that Kamala Harris and Donald Trump are in tight contention for the Presidential seat as both are set to have a presidential debate on September 10.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.