The Joe Biden Administration is set to participate in a Bitcoin and blockchain roundtable in Washington, D.C., in early July, alongside key congressional officials of the United States. The meeting, to be hosted by U.S. Congressman Ro Khanna (D-CA), aims to strategize on how to “keep Bitcoin and blockchain innovation in the United States.”
According to a private email seen by Bitcoin Magazine, the roundtable will feature officials from the Biden Administration, House, and Senate, as well as American businessman Mark Cuban. This gathering is being hailed as “the most significant meeting between policymakers and innovation leaders in blockchain to date.”
The move is seen as a response to former President Donald Trump’s recent endorsements of the Bitcoin industry, including his acceptance of Bitcoin Lightning payments for campaign donations. Trump has pledged to “end Joe Biden’s war on crypto” and ensure that the future of Bitcoin and crypto is made in America.
In contrast, the Biden Administration has taken a hostile stance towards the crypto industry in recent years. In May, the president vetoed legislation that would have allowed regulated financial institutions to custody Bitcoin and cryptocurrencies.
In April, the Department of Justice also arrested the founders and CEO of the Samourai wallet, a popular Bitcoin mixing service, on charges of money laundering.
However, this upcoming roundtable signals a potential shift in Washington’s approach to the crypto industry and could warm sentiment among Democrats. The Biden Administration is also reportedly in talks to accept crypto donations through Coinbase (NASDAQ:COIN) Commerce, following Trump’s lead.
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Source: Cryptocurrency - investing.com
