FameEX Hot Topics | US Lawmakers Convene DC Roundtable with Crypto Advocates

Anita Dunn, a senior adviser to President Joe Biden, attended a roundtable on cryptocurrency in her personal capacity amid speculation that the president might be reconsidering his stance on crypto.

On July 10, U.S. Congress members, including Representative Ro Khanna, Representative Joe Neguse, and Senator Kristin Gillibrand, joined Dunn in a roundtable with key figures from the crypto industry. Notable attendees included Sheila Warren, CEO of the Crypto Council for Innovation; Kristin Smith, CEO of the Blockchain Association; and entrepreneur Mark Cuban. The primary aim of the roundtable was to discuss digital assets from a nonpartisan perspective.

Warren described the event as a “productive step forward” in tackling crypto-related issues, a sentiment that was echoed by other participants. Dixon highlighted the critical role of U.S. leadership in blockchain technology and digital assets to ensure the industry's continued growth and success.

Following the event, Garlinghouse took to X to suggest that the roundtable might signify a move from mere discussion to concrete actions. However, he pointed out existing partisan divides on crypto issues and criticized SEC Chair Gary Gensler for his resistant stance on digital assets.

On the same day, Representatives Khanna and Neguse prepared to join other House members in considering an override of President Biden’s veto of a resolution concerning an SEC rule. This rule mandates that banks record cryptocurrency as a liability on their balance sheets. To override the veto, a two-thirds majority in the House is required.

In addition, there are reports that President Biden is considering accepting crypto contributions for his 2024 reelection campaign. Both Biden and Trump are the presumptive candidates for the Democratic and Republican parties, respectively, pending their official nominations at their parties' conventions in August and July.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.