Biden Officials Slated To Attend Bitcoin Roundtable: Report

Bitcoin Crypto Regulations Joe Biden
Last updated:
Author
Author
Julia Smith
About Author

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

The Biden administration is reportedly scheduled to attend a Bitcoin roundtable in early July with several lawmakers, including U.S. Congressman Ro Khanna (D-CA) and billionaire crypto investor Mark Cuban, according to documents obtained by Bitcoin Magazine on May 15.

Ro Khanna, Mark Cuban And More To Attend Meeting On Bitcoin Regulation

The media outlet says it verified an email from the office of Khanna allegedly confirms the meeting, with the Khanna’s office describing it as “the most significant meeting between policymakers and innovation leaders in blockchain to date.”According to Bitcoin Magazine, the purpose of the meeting is to “keep Bitcoin and blockchain innovation in the United States.”Both Khanna and Cuban have advocated for regulatory reform across

the cryptocurrency sector, with the Californian congressman most recently supporting the Financial Innovation and Technology for the 21st Century Act (FIT21).

“We need blockchain innovation here in America, while also creating regulatory clarity & proper consumer protections,” Khanna said, calling the bill “an important step forward.”

Joe Biden, Donald Trump Differ On Bitcoin As Polls Narrow

Meanwhile,Cuban has echoed similar sentiments, particularly in regards to how current crypto regulations may affect the November 2024 U.S. presidential election.

During Coinbase’s State of Crypto event last week, the “Shark Tank” star claimed that United States Securities and Exchange Commission (SEC) Chair Gary Gensler could “literally cost Joe Biden the election.”

The current U.S. president has often stood in favor of the SEC’s regulation-by-enforcement approach to digital assets, despite Republican frontrunner Donald Trump’s hands-off stance towards the crypto sector.

Most recently, Biden stopped short of vetoing FIT21, a marked shift in tone from his past statements regarding developing blockchain regulations.

“The Administration is eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets, building on existing authorities, which will promote the responsible development of digital assets and payment innovation and help reinforce United States leadership in the global financial system,” a statement from Biden’s administration following the House of Representatives’ passage of FIT21 said.

Trump, on the other hand, promised to end Biden’s “war on crypto” by ensuring that “the future of Bitcoin will be made in America” in June 14 remarks in West Palm Beach, FL.

Currently, Biden and Trump are virtually tied in election polling, making their each and every stance urgently more critical in the run up to November.

More Articles

Opinions
Opinion: Crypto Has a Trust Problem—Here’s How We Can Fix It
Mona El Isa
Mona El Isa
2025-02-16 18:08:06
Features
Coinbase Just Made Huge Predictions on Crypto’s Future
Connor Sephton
Connor Sephton
2025-02-16 18:03:15
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors