Crypto Industry Meets With White House Amid Trump's Promise to Reverse Biden's Policy
Highlights:
Upcoming Meetings: Crypto industry leaders will meet with White House officials and Representative Ro Khanna (D-Calif.) to discuss policy changes for digital assets, following a meeting in July.
Recent Developments: This meeting was the second after a virtual session hosted by Cleve Mesidor of the Blockchain Foundation, with participation from Lael Brainard and Deputy Chief of Staff Bruce Reed. The industry hopes Kamala Harris can be more pro-crypto.
Political Impact: Former President Trump promised to support Bitcoin and replace SEC Chairman Gary Gensler if returned to office. Trump's stance was criticized by economist Paul Krugman, calling it a "bailout of a scandal-ridden industry."
Market Impact: Late Friday, Bitcoin fell 4.50% to $61,393, and Ethereum fell 6.22% to $2,960, according to data from Benzinga Pro.
This meeting could greatly influence regulation in the cryptocurrency sector.
