Crypto Executives Meeting Coming Soon Seeking White House Help for Crypto and Web3

Key Points:

• Crypto executives meeting with White House officials and Congressman Ro Khanna is scheduled next week to discuss digital asset policies and propose changes for the new administration.
• The crypto industry is hopeful that a Harris-led administration will support Web3 and decentralized finance.

According to Bloomberg, a crypto executives meeting with White House officials and Congressman Ro Khanna has been scheduled for next week to voice their grievances over digital assets and pitch new policy directions for the administration.

Read more: House Lawmakers Locked In Intense Battle Over Stablecoins Amid White House Resistance

Crypto Executives Meeting with White House Officials Next Week Over Policies

The crypto CEOs will meet with senior adviser Anita Dunn, National Economic Adviser Lael Brainard, and Deputy Chief of Staff Bruce Reed next week.

The crypto executives meeting comes after a similar roundtable held in July, which involved two of the more established players in the industry—Ripple and Coinbase—alongside Dunn and Khanna.

Cleve Mesidor, executive director of the Blockchain Foundation, held a virtual gathering Thursday attended by hundreds of industry participants. Mesidor said she was positively optimistic about what a Harris-led administration could mean for Web3 and decentralized finance, particularly for people of colour in the space. She asked for patience regarding what kind of position Vice President Kamala Harris would take on the matter at hand since she has a lot on her plate.

Industry Hopes Harris Administration Will be Supportive

Following President Joe Biden‘s decision to step down and Harris becoming the presumptive Democratic nominee, many in the crypto industry are eyeing a more benign stance regarding digital assets. Dragonfly Capital’s Rob Hadick joined the cavalry of calls for clear, supportive regulation and legislation to support, not strangle innovation.

On the other side, ex-President Donald Trump recently endorsed Bitcoin—bragging about its tremendous growth if he gets re-elected. He slammed sitting chair of the SEC, Gary Gensler—who is notorious for his harder line on cryptocurrencies. Trump promised to replace Gensler with someone more conducive to the crypto industry.