TL;DR
- The meeting between crypto executives and Vice President Kamala Harris, scheduled for this Monday, has been postponed to later in the week, with no new date announced.
- Brad Garlinghouse and Chris Larsen from Ripple will participate in the meeting. The meeting aims to address concerns about the SEC’s regulatory stance and improve relations with Harris’s administration.
- Donald Trump promises to lead the crypto economy and fire Gary Gensler from his position.
The scheduled meeting between crypto industry executives and Vice President Kamala Harris, set for this Monday, has been postponed to later in the week. Although a new date has not been announced, the meeting was intended to improve relations between Harris’s administration and the blockchain world.
Among the participants in the meeting are Brad Garlinghouse and Chris Larsen, CEO and co-founder of Ripple (XRP), respectively. Both have been highly critical of the regulatory stance taken by the U.S. Securities and Exchange Commission (SEC) under Gary Gensler’s leadership. The SEC’s lawsuit against Ripple, which started during the Trump administration and continued under Biden, has been a major point of friction between the crypto community and regulators.
No word yet on a new meeting date. The reason for postponement wasn’t stated but one attendee is guessing Dem leaders need more time before they come out with an official policy position on #crypto. Given that @realDonaldTrump is running with it, they’ll have to take a position. https://t.co/EvZOISF5wX
— Eleanor Terrett (@EleanorTerrett) August 5, 2024
Bloomberg had revealed that crypto industry executives would meet with White House aides and Representative Ro Khanna this week. The goal of these discussions is to express their concerns and positions regarding digital assets and propose changes to current policies. Expected attendees at the roundtable include Anita Dunn. Senior White House adviser who is about to leave her position. National Economic Adviser Lael Brainard; and Bruce Reed, Deputy Chief of Staff.
Donald Trump Seeks to Capitalize on Crypto Voter Interest
This week’s meeting was anticipated to effectively address concerns about cryptocurrency regulation and explore potential policy adjustments. The growing importance of the sector, with nearly 50 million Americans holding investments in digital assets. Is attracting significant political attention.
U.S. presidential candidates, including those from the opposition, are intensifying their efforts to appeal to crypto-focused voters. Former President Donald Trump has promised to lead North America in the crypto economy. If re-elected, he will remove SEC Chair Gary Gensler from his position.
