Democratic Congressman Ro Khanna has organized an exclusive roundtable discussion focused on cryptocurrency in Washington, scheduled to include notable figures such as Mark Cuban, Brad Garlinghouse, and Anthony Scaramucci.
Mark Cuban has been vocal about the importance of clear regulatory frameworks for cryptocurrencies ahead of the 2024 presidential election, suggesting that such regulations could influence the outcome in favor of President Biden.
He has been critical of the SEC’s enforcement tactics under Chair Gary Gensler, warning of potential implications for Biden’s campaign.
Khanna’s initiative underscores efforts to bolster ties between the Democratic Party and the crypto industry amid concerns over the contrasting stance of former President Donald Trump, who has expressed strong support for Bitcoin and pledged to ease regulatory pressures that he claims hinder crypto growth.
The roundtable aims to align Democratic policies with the interests of the crypto sector, reflecting Khanna’s track record of advocating for legislation like the FIT21 bill, which seeks to clarify regulatory oversight of digital assets.
Key executives from Coinbase, Kraken, and prominent Democratic officials are expected to participate, with speculation swirling about the involvement of White House figures including Chief of Staff Jeff Zients and advisor Carole Hause, both pivotal in shaping crypto policy within the Biden administration.
Ripple Labs quietly emerged as one of the largest financial backers of Donald Trump’s presidential inauguration, contributing nearly $5 million just months before federal regulators began softening their stance toward the company.
Amid rising regulatory pressure and political uncertainty in South Korea’s crypto sector, Bithumb is restructuring its business in a strategic move ahead of a planned IPO.
A recent push by French lawmakers to weaken encryption in messaging apps has drawn sharp criticism from Telegram’s founder, Pavel Durov, who warns that such efforts are a direct assault on personal privacy in the digital age.
Polygon has climbed to the forefront of the NFT market, taking the lead in weekly sales volume and surpassing Ethereum for the first time in months.