Recently, a number of executives from major cryptocurrency companies held an online meeting with members of the U.S. Congress, Biden administration officials, and Vice President Harris' campaign team to discuss the future of U.S. cryptocurrency policy.

According to a report by Yahoo Finance on August 8, the meeting was intended to explore how the U.S. government might “reset” its policy on cryptocurrency at the end of Biden’s presidential term and during Harris’ campaign. Attendees of the meeting included Coinbase Global General Counsel Paul Grewal, Kraken CEO David Ripley, Ripple CEO Brad Garlinghouse and Circle CEO Jeremy Allaire. The event was originally planned as an in-person roundtable discussion but was later changed to a virtual format.

The meeting was organized by California Rep. Ro Khanna and included administration officials including National Economic Council Director Lael Brainard, White House Deputy Chief of Staff Bruce Reed and Harris' senior adviser Kristine Lucius.

Cryptocurrency executives reportedly urged the Biden administration to provide a clearer regulatory framework for digital assets during the meeting and suggested that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler should be fired. The SEC has taken multiple enforcement actions against cryptocurrency companies since Gary Gensler took office, but those actions have been criticized within the industry for not giving companies a clear path to operate legally.

So far, Democratic candidate Harris Harris and her running mate, Minnesota Governor Tim Walz, have not said they intend to make cryptocurrency a central issue in their campaign. In contrast, Republican nominee Donald Trump has repeatedly publicly endorsed cryptocurrencies, saying he would accept cryptocurrency donations if re-elected and planning to fire Gary Gensler. In addition, Trump also opposes the introduction of central bank digital currency in the United States.

According to the latest news, the two presidential candidates will hold a public debate on September 10. According to the betting results of the Polymarket prediction market, the probability of winning the election between the two is evenly matched, and Harris’s probability is even slightly higher than Trump’s 1%.

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