US Congressman Ro Khanna of California’s 17th congressional district is gearing up to host a Bitcoin and blockchain roundtable in Washington, D.C. in early July. The meeting is set to include officials from the Biden Administration, House, and Senate, as well as entrepreneur Mark Cuban. The main goal of the roundtable is to strategize on how to keep Bitcoin and blockchain innovation thriving in the United States, in response to former President Donald Trump’s recent embrace of the industry.
Trump, who was once a vocal critic of cryptocurrencies, has made a significant turnaround in his stance. After meeting with Bitcoin miners at his Mar-a-Lago estate and announcing support for Bitcoin ownership and transactions, Trump’s campaign became the first to accept crypto donations. He has also pledged to end President Joe Biden’s “war on crypto” if re-elected.
In contrast, the Biden Administration has been skeptical of the digital assets sector, including proposing a tax on electricity used for Bitcoin mining. However, recent reports suggest a potential shift in the administration’s approach to cryptocurrencies, with discussions reportedly underway to accept crypto donations through Coinbase Commerce.
The upcoming roundtable hosted by Congressman Khanna could mark a turning point for the US crypto industry, bringing together policymakers and industry leaders to support growth and innovation. This collaborative effort may lead to a more favorable regulatory environment for cryptocurrencies in the United States.
