Crypto Execs Butt Heads with Democrats in Fiery Zoom Meeting
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
A virtual meeting aimed at mending ties between the crypto industry and the Democratic Party reportedly went sour on Thursday morning. This incident highlights the challenges progressive crypto advocates face in securing industry support for Kamala Harris’s presidential campaign.
The Zoom meeting, hosted by Congressman Ro Khanna, aimed to bridge the gap between the Democratic Party and the crypto industry during a contentious election year, Fox Business reported Thursday.
This industry has felt the weight of heavy regulations under the Biden Administration. With Vice President Kamala Harris leading the Democratic ticket, the party is eager to recapture crypto votes from GOP opponent Donald Trump. Trump has recently supported the industry, promising to make the US a global hub for cryptocurrency.
At a similar meeting in July, industry execs voiced their concerns to a senior White House official about the unfair treatment they felt under the Biden administration.
About twenty individuals participated in the call, including high-ranking Biden administration officials such as the Deputy Treasury Secretary Wally Adeyemo and Deputy Director of the National Economic Council Lael Brainard. Harris’ senior advisor was also in attendance.
Representing the cryptocurrency industry were prominent figures like billionaire tech entrepreneur Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and venture capitalist Ron Conway. Additionally, a group of executives from crypto platforms like Ripple, Coinbase, Kraken, and Uniswap were present.
Instead of constructive dialogue, industry heads launched into a
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