Reserve

2024

Biden

Test

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/democratic-party-hosts-tense-meeting-with-crypto-sector/" data-wpel-link="internal">Democratic Party Hosts Tense Meeting with Crypto Sector</a><br></p>
<p style="text-align: justify"><strong>Democratic Party</strong> held an online meeting to mend ties with the <a href="https://en.coin-turk.com/crypto-currencies-latest-developments-and-market-trends/" data-wpel-link="internal">cryptocurrency</a> sector, which turned out to be much more tense than expected. Hosted by California Congressman Ro Khanna, the meeting highlighted the impact of the Biden administration’s stringent financial regulations on the crypto sector. The meeting, attended by about twenty people, revealed a deepening rift between crypto <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> and the Democratic Party due to regulatory pressures.</p> 
<h2 style="text-align: justify" id="regulatory-pressures-addressed">Regulatory Pressures Addressed</h2> 
<p style="text-align: justify">The meeting included prominent figures from the <strong>Biden</strong> administration. However, this was not enough to appease the crypto representatives. Industry leaders like Mark Cuban, Anthony Scaramucci, and Ron Conway voiced their grievances over regulatory pressures.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-378223 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/buysell-8.jpg" alt="" width="740" height="415"></p> 
<p style="text-align: justify">Particularly, the harsh stance of institutions like the SEC and the Federal Reserve towards the crypto sector fueled the participants’ anger. Throughout the meeting, it was emphasized that the Democratic Party had not fulfilled its promises to the crypto sector.</p> 
<h2 style="text-align: justify" id="a-tough-test-for-kamala-harris">A Tough Test for Kamala Harris</h2> 
<p style="text-align: justify">The meeting underscored the challenges <strong>Kamala Harris</strong>, the Democratic Party’s candidate for the 2024 elections, faces in garnering support from the crypto sector. Industry representatives noted that the Biden administration’s regulatory pressures on cryptocurrencies were damaging Harris’s campaign. However, some participants remain hopeful that Harris could be a new face for cryptocurrencies.</p> 
<p style="text-align: justify">Anthony Scaramucci mentioned that the workings of Washington take time and believed that Harris could gain support in the crypto world in the long run. Paul Grewal, Legal Director of the cryptocurrency exchange <strong>Coinbase</strong>, stated that the meeting should be seen as a sign of transition from the Biden administration to the Kamala Harris campaign.</p> 
<p style="text-align: justify">In conclusion, the strained relationship between the crypto world and the Democratic Party has once again highlighted the challenges Kamala Harris faces in gaining support from the crypto sector. How these tensions will resolve remains to be seen. However, establishing a communication channel during this process could be beneficial for the crypto field, potentially minimizing <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> pressures and avoiding past mistakes.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/democratic-party-hosts-tense-meeting-with-crypto-sector/" data-wpel-link="internal">Democratic Party Hosts Tense Meeting with Crypto Sector</a></h5>
<p>The post <a href="https://en.coin-turk.com/democratic-party-hosts-tense-meeting-with-crypto-sector/" data-wpel-link="internal">Democratic Party Hosts Tense Meeting with Crypto Sector</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Democratic Party Hosts Tense Meeting with Crypto Sector

Table of Contents

COINTURK NEWS

Other articles published on Aug 9, 2024

Turkey sees surge in crypto license applications amid new regulations

32K Bitcoin Options and 206K Ethereum Options Expire Today

OKX Exchange CEO Bans Tornado Cash Interaction for Users

Sonic Testnet Hits Milestone with Over One Million Monthly Active Users

Bitcoin (BTC) is hovering around $60K; will it hit $70K soon?

Trump Jr. Announces New DeFi Initiative, Denies Association with Restore the Republic ‘RTR’ Memecoin

Join our free newsletter for daily crypto updates!