The administration of US President Joe Biden and Congressman Ro Khanna is x.com/BitcoinMagazine/status/1802081787163918565″ target=”_blank” rel=”noopener nofollow”>programmed attend a roundtable discussion on bitcoin and cryptocurrencies this July in Washington, DC, which is a significant step indicating the growing relevance of digital asset regulation and innovation.
Industry leaders, advocates and top policymakers will come together to discuss the future of digital assets in the US at this high-profile event. In a statement, Khanna's office called the planned meeting the most important meeting between policymakers and blockchain innovation leaders to date.
Cryptocurrency innovation will remain within the US
According to leaked reports from bitcoin Magazine, the goal of the proposed discussion, which will be chaired by Congressman Ro Khanna of the United States, is to talk about how to retain blockchain innovation and bitcoin at the national level. Given Khanna's political affiliation, the impending roundtable indicates a shift in Washington's stance toward the cryptocurrency sector and may also signal a weakening of Democratic sentiment.
Officials from the Senate, House of Representatives and the Biden administration are expected to participate in the debate, along with the American businessman. Cuban brand. Participants are expected to explore topics such as legal frameworks, the economic effects of cryptocurrency assets, and methods to promote innovation while maintaining consumer protection.
With the Biden administration involved, the federal government is showing that it recognizes the need for comprehensive and unambiguous crypto rules. This event comes in light of rapid technological advances and increased volatility in the cryptocurrency market, making the conversation around regulatory clarity and stability more important than ever.
The Biden administration's involvement is a shock to the entire cryptocurrency community, given President Joe Biden's stance against digital assets over time. For the past four years, the administration has been antagonistic toward bitcoin and the digital asset industry.
President Biden recently vetoed a bill to repeal a controversial Securities and Exchange Commission bulletin that outlines accounting guidelines for companies that own cryptocurrency. “My Administration will not support measures that endanger the well-being of consumers and investors,” Biden said.
Additionally, the Biden Administration has also proposed a 30% tax on electricity used for bitcoin mining.which claims this will prevent the shift to low-emission energy sources.
Biden campaign considers digital asset donations
The high-profile meeting comes a few days later crypto-donations-through-coinbase-commerce-sources” target=”_blank” rel=”noopener nofollow”>reports revealed that President Joe Biden's campaign is in talks with cryptocurrency industry players about accepting digital asset donations through Coinbase Commerce.
This initiative could be seen as a reaction to former US President Donald Trump, given that Trump was the first to initiate the idea, which generated great interest in the crypto space.
According to anonymous sources, the discussion is the Biden administration's latest attempt to investigate strategies to win over voters interested in cryptocurrencies ahead of the upcoming election. With digital resources becoming a major issue in this year's election, it appears that both candidates are fighting for the support of the expanding industry.
Featured image from iStock, chart from Tradingview.com