Biden Administration to Join Historic Bitcoin Roundtable After Trump Supports BTC.

The #Biden Administration will meet with key Congressional officials at a Bitcoin and blockchain roundtable that could signal a shift in federal policy toward digital asset innovations. The event, planned to be held in Washington, D.C. in early July, is organized by California Representative Ro Khanna and aims to support Bitcoin and blockchain technological developments in America.

A private email obtained by #Bitcoin Magazine reveals that the Biden Administration, members of the House of Representatives and the Senate, and well-known entrepreneur Mark Cuban will attend the meeting. This meeting is described as the most important dialogue between policymakers and blockchain industry leaders and underscores the importance of this initiative.

This historic meeting comes on the heels of former President Donald Trump's strong advocacy for the Bitcoin industry. Trump announced that he supports Bitcoin Lightning payments in campaign donations and will end Biden's hostile stance towards the crypto industry. By backing #Bitcoin and promising to encourage its growth in America, Trump adds significant political weight to the ongoing dialogue regarding cryptocurrency regulations.

The Biden Administration has previously taken a strict approach towards cryptocurrency regulations. Like vetoing legislation that would allow regulated financial institutions to hold Bitcoin and other cryptocurrencies. Additionally, in April, the Department of Justice arrested the founders and CEO of Samourai wallet, a leading #Bitcoin mixing service, on money laundering charges.

The anticipated roundtable meeting between the Biden Administration and Congressional officials could be an important moment for cryptocurrency regulation in the United States. This meeting aims to ensure the development of Bitcoin and blockchain innovations on American soil by addressing the needs and potential of the sector.