Ripple CEO Joins Crypto Leaders for Crucial Policy Discussion Amid U.S. Election

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Ripple CEO Joins Crypto Leaders for Crucial Policy Discussion Amid U.S. Election

Ripple’s CEO, Brad Garlinghouse, is scheduled to meet with crucial players in the crypto space and governmental officials concerning the needed policies regarding digital assets within the United States of America. This major roundtable happened during the intense U.S. election, in which Donald Trump and Joe Biden struggled to become presidents.

This roundtable will be hosted by U. S. Representative Ro Khanna (D-CA). Other than Garlinghouse, other notable personalities who will attend include billionaire tycoon Mark Cuban, who is an investor in Polygon (MATIC), SkyBridge Capital CEO and founder Anthony Scaramucci, and CFTC Chairman Chris Giancarlo, who is now on the Paxos board.

Also Read: Bitcoin Nears $60,000 Mark as Traders Await U. S. Inflation Figures and the Federal Reserve’s Position

Key Figures Attend High-Stakes Meeting

Eleanor Terrett of Fox Business first revealed the possibility of such a meeting in early July, although the list of the meeting attendees was not disclosed then. A few dared to feign ignorance of the meeting, and it was impossible to come across an official list of attendees. As the election day approaches November 5th, this meeting spearheaded by the democrats is significant for the crypto space.

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Hopefully, they will change their course of action since the Biden administration has not supported the decentralized ecosystem that digital assets offer. By SEC, the opposite source has reported that, under President Biden, the administration has taken a series of actions against such firms, imposed fines, and forced some companies out of the United States.

Crypto Industry at a Crossroads

Some of the social media platform X users have expressed opinions suggesting that it could be “too late” for Biden to fix the relations with the crypto industry. One user said that Biden’s veto was mainly the ‘last straw,’ whereby SAB 121 aimed to reverse the SEC rule, which mandated that the U.S. public listed banks should recognize cryptocurrencies on their financial statements. However, Biden nixed the move, and now the House is considering bringing the matter to a vote for the second time on Wednesday.

Conclusion

The roundtable meeting, hosted by Ro Khanna and attended by significant crypto industry figures, underscores the sector’s importance in the current political landscape. As the U.S. election approaches, the outcomes of such discussions could shape the future of digital asset policies in the country. The crypto industry remains pivotal, awaiting clear signals from political leaders on their stance towards digital assets.

Also Read: Crypto market sentiment swings from greed to fear amid volatility driven by BTC drops and government actions

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Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.