Stablecoin

Biden

Gary

Democrat Ro Khanna will be hosting a roundtable on Wednesday, June 10th, to discuss crypto regulations. The roundtable will feature some of the most prominent figures in the crypto industry, including Ripple CEO Brad Garlinghouse and billionaire investor Mark Cuban.
Also read: <a href="https://www.cryptopolitan.com/vitalik-us-for-promoting-useless-projects/" rel="noopener noreferrer nofollow">Vitalik Buterin criticizes U.S. for promoting ‘useless’ projects</a>&nbsp;
Fox Business reporter Eleonor Terrett reported that the congressman would sit beside prominent figures, including former CFTC chairman under the Trump regime Chris Giancarlo, billionaire Shark Tank host Mark Cuban, SkyBridge Capital founder and CEO Anthony Scaramucci, and Ripple’s chief executive Brad Garlinghouse.&nbsp;
The roundtable will also host executives from prominent crypto organizations. Stablecoin issuer Circle, crypto exchanges such as Coinbase and Kraken, and tech venture capital firm Andreessen Horowitz are also expected to send executives to the event.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🚨NEW: Some notable events in Washington for <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#crypto</a> peeps to keep an eye on this week:
 Wednesday
 📌 Senate Agriculture Committee’s Oversight of Digital Commodities hearing with <a href="https://twitter.com/CFTCbehnam?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@CFTCbehnam</a> at 10AM.
 📌<a href="https://twitter.com/RoKhanna?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@RoKhanna</a>’s Dem crypto roundtable with <a href="https://twitter.com/mcuban?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@mcuban</a>, White House peeps and…
 — Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1810026604422111441?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">July 7, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="span-style-font-weight-400-a-leaked-email-confirmed-the-event-span">A leaked email confirmed the event</h2>
A leaked private email in mid-June confirmed that Ro Khanna’s office was planning the event. According to the email, the main objective of the meeting will be to strategize on sustaining crypto and blockchain innovation in the United States. The email “confirmed” the attendance of senior government officials, Mark Cuban, and representatives from the two legislative houses.&nbsp;
Also read: <a href="https://www.cryptopolitan.com/solana-endorses-ticketmaster-alternative/" rel="noopener noreferrer nofollow">Solana endorses decentralized Ticketmaster alternative XP</a>&nbsp;
Mark Cuban is widely known for his contributions to the crypto industry. Recently, the businessman criticized the U.S. Securities and Exchange Commission for its current hostile crypto approach under Gary Gensler’s leadership. Cuban also stated that the U.S. SEC’s crackdown on crypto enterprises could cost Biden the upcoming election.
Khanna is known as a tech enthusiast who has advocated for his constituency administration to advance in crypto and blockchain technology to create possible job opportunities. He was among the 71 Democratic representatives who supported the <a href="https://www.congress.gov/bill/118th-congress/house-bill/4763/text?s=1&amp;r=1&amp;q=%7B%22search%22%3A%5B%22Financial+Innovation+and+Technology+for+the+21st+Century+Act.%22%5D%7D" rel="noopener noreferrer nofollow" target="_blank">FIT21 bill</a>, which proposed the establishment of regulatory clarity on blockchain-powered digital assets.
<h2 id="span-style-font-weight-400-trump-promises-to-ease-crypto-regulations-if-re-elected-span">Trump promises to ease crypto regulations if re-elected.</h2>
Fox Business reported that Ro Khanna aims to “save” the crypto industry from Trump’s takeover. The former president is also known for his pro-crypto enthusiasm. Since May, Trump has actively engaged crypto enthusiasts, promising more favorable crypto regulations.
Trump has promised the crypto community that he will relieve the crypto regulation pressure that the Biden administration has imposed on the industry. While speaking at a live conference in West Palm Beach, Florida, Trump said he would “end Joe Biden’s war on crypto” and that the future of crypto would reside in America.
Among his campaign promises, Trump pledged to stop the current war on crypto and ease crypto regulation once re-elected. Trump is also reportedly expected to attend the Bitcoin 2024 event in Nashville.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 “I will END Joe Biden’s war on crypto.” — President Trump in West Palm Beach, FL <a href="https://t.co/6FcJpj5n7y" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/6FcJpj5n7y</a>
 — RSBN 🇺🇸 (@RSBNetwork) <a href="https://twitter.com/RSBNetwork/status/1801762444382965775?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">June 14, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Biden’s administration has created a relatively unfavorable environment for the crypto industry. In May, The White House stated that President Biden would <a href="https://www.whitehouse.gov/wp-content/uploads/2024/05/SAP-HJRes109.pdf" rel="noopener noreferrer nofollow" target="_blank">veto</a> a bill that would have granted regulated financial institutions custody of cryptocurrencies such as Bitcoin.
Trump’s endorsements of the digital asset industry have been significant in the last few years. Trump made a historic move to become the first US presidential candidate to <a href="https://secure.anedot.com/trump-47-committee/crypto47" rel="noopener noreferrer nofollow" target="_blank">accept</a> crypto donations when his presidential campaign started accepting payments through the Bitcoin Lightning Network. OpenNode, a Bitcoin Lightning Network infrastructure provider, partnered with Trump’s campaign to facilitate the crypto transactions.
&nbsp;
Cryptopolitan reporting by Collins J. Okoth

Democrat roundtable to host Mark Cuban and Brad Garlinghouse to discuss crypto regulations

Table of Contents

Cryptopolitan_News

Other articles published on Jul 8, 2024

Whale Deposits 200,000 BNB to Binance: $103 Million Transaction

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

With Bitcoin Under $56K, Why Is The Crypto Market Crashing Today?

MoonBag Presale Becomes Belle of the Ball While Optimism and Slothana Fears Tepid Investors

Pendle on the Move, Whale Activity Spark Speculation

Former U.S. Solicitor General Claims Federal Efforts to Marginalize Crypto Banking in Court Appeal

Join our free newsletter for daily crypto updates!