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Biden Administration to Participate in Bitcoin Roundtable with Congressional Officials in Washington By CoinEdition
- The Biden administration will reportedly participate in a historic roundtable with congressional officials.
- The move comes in the context of former President Donald Trump’s endorsement of BTC.
- Trump has pledged to end Biden’s war on cryptocurrencies and secure Bitcoin’s future.
The Joe Biden administration will participate in a roundtable on Bitcoin and blockchain in Washington, DC, in early July, along with top US Congressional officials. The meeting, which will be hosted by US Congressman Ro Khanna (D-CA), aims to strategize how to “keep Bitcoin and blockchain innovation in the United States.”
According to a private email seen by Bitcoin Magazine, the roundtable will be attended by officials from the Biden administration, the House and Senate, as well as American businessman Mark Cuban. This meeting was hailed as “the most significant meeting to date between policymakers and innovation leaders in the blockchain field.”
The move is seen as a response to former President Donald Trump’s recent support for the Bitcoin industry, including his acceptance of Bitcoin Lightning payments for campaign donations. Trump pledged to “end Joe Biden’s war on cryptocurrencies” and ensure that the future of Bitcoin and cryptocurrencies is made in America.
In contrast, the Biden administration has taken a hostile stance towards the cryptocurrency industry in recent years. In May, the president vetoed legislation that would have allowed regulated financial institutions to store Bitcoin and cryptocurrencies.
In April, the Justice Department also arrested the founders and CEO of Samourai Wallet, a popular Bitcoin mixing service, on money laundering charges.
However, this upcoming roundtable signals a potential shift in Washington’s approach to the cryptocurrency industry and could heat up sentiment among Democrats. The Biden administration is also reportedly in talks to accept cryptocurrency donations through Coinbase (NASDAQ:) Commerce, following Trump’s lead.
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