Last Thursday, crypto industry executives spoke with US lawmakers, Biden administration officials, and others concerned about Kamala Harris’ campaign. The consultation was raised because cryptocurrencies are a bipartisan issue in the United States in the run-up to Election Day.
This assembly met virtually, it deserves to be held in person. On the crypto side, Ripple CEO Brad Garlinghouse, Kraken CEO David Ripley, Circle CEO Jeremy Allaire, Skybridge founder and managing partner Anthony Scaramucci, and Coinbase General Counsel Paul Grewal attended. This organization included figures representing global and United States-based companies. A dozen executives were present.
Democratic US Representative Ro Khanna organized the meeting to bring together all the personalities in combination with the legislators. It included a number of political figures, as well as Lael Brainard, director of the National Economic Council, and Bruce Reed, White House deputy chief of staff. Kristine Lucius, Harris’ domestic policy adviser, will also participate in the meeting.
During the virtual meeting, mainly cryptocurrency executives raised their issues while lawmakers and political affiliates listened. The discussion included urging Democrats to review their stance on cryptocurrencies and craft industry-friendly laws, adding lower taxes, stablecoin legislation, and an appropriate distinction between security tokens and cryptocurrencies. others.
Crypto corporation representatives also pointed to SEC Chairman Gary Gensler’s action against ecosystem corporations, bringing to light the wide range of lawsuits the company has unfairly filed. Yahoo! The money report claims they even reported Gensler’s removal from office.
As Harris emerged as a presidential candidate after Biden withdrew a few weeks ago, the crypto industry must push asset elegance and blockchain generation as part of its campaign. It has yet to talk about the industry, and it has yet to integrate cryptocurrencies into its platform.
By contrast, Republican presidential candidate Donald Trump has continuously said that he will be the “president of crypto” if elected, pass industry-friendly laws, and fire Gensler as SEC chair. The crypto industry is seeking such interest from Democrats now that Harris has become their presidential candidate. Many of Biden’s moves during his current term are anti-crypto.