U.S. Congressman Ro Khanna (California’s 17th District) will host a Bitcoin and Blockchain roundtable in Washington, D.C. in early July, Wu reported. Khanna’s office called the event “the most important meeting between policymakers and blockchain innovation leaders.”

The meeting will feature members of the Biden administration, officials from the House and Senate, and businessman Mark Cuban, with the main goal of developing a strategy to ensure that "Bitcoin and blockchain innovation stays in the United States."

The move is seen as a response to former President Trump's recent support for the Bitcoin industry.