Yesterday was a critical day for the cryptocurrency industry. Because a meeting was held in the USA regarding the cryptocurrency industry. This meeting was hosted by US Congressman Ro Khanna with the participation of industry heavyweights such as Ripple CEO Brad Garlinghouse.
While Joe Biden's chief advisor Anita Dunn also attended the meeting, which was closely followed by the US financial media and the cryptocurrency industry, the participants expressed their disappointment with SEC Chairman Gary Gensler and asked the Biden administration to dismiss Gensler.
At this point, participants talked about how the SEC's numerous enforcement actions targeting crypto have harmed the industry and hindered competitiveness in the market.
According to Fox Business correspondent Eleanor Terrett, Biden's advisor Anita Dunn acknowledged that dialogue with the cryptocurrency industry is not as productive and good as it should be.
According to Fox, one of the participants said to Dunn, “You guys suck at cryptocurrency,” while another participant said, “I've been a Democrat my whole life, but you guys really misunderstood this issue.”
It was also written that Dunn stated that he was not a policy person, but that he would bring the industry's concerns to the White House and follow up the discussions.
The Meeting Went Well!
In his evaluation to Fox, Mark Cuban said that the meeting was advantageous for both parties.
“I think the meeting went well. The right people from the Senate, the House of Representatives, and the White House (WH) were there. I think we'll see changes in the way Biden, the WH, and the Democrats in general support crypto,” Cuban said. said.
Sign of Progress!
Coinbase Chief Legal Officer Paul Grewal was among those who attended the meeting.
“I was a lot more optimistic coming out than I was going in. I think it's a sign of progress that Anita Dunn is coming even as we're dealing with a very tense period in the NATO Summit and the Biden campaign,” Grewal told Fox. said.
Finally, Ripple CEO Bard Garlinghouse also criticized the SEC chairman's anti-crypto actions and said:
“Thank you to Ro Khanna for being an outstanding leader and engaging with the crypto industry.
We hope this morning's crypto roundtable, which brings together notable figures like Mark Cuban and Paul Grewal with the White House and key congressional leaders like Kirsten Gillibrand and Joe Neguse, will be the first step in moving from words to action.
Unfortunately, the majority of Democrats continue to enable Gensler's illegal war on the crypto industry and sabotage the ability of American innovation to thrive.
It's no surprise that the GOP has declared a pro-crypto stance. Gensler will be remembered as the Luddite of his time.”
*This is not investment advice.
