News

LEAKED: Biden Administration to Join Bitcoin Roundtable with Key Congressional Officials in DC

single-image

Congressman Ro Khanna of the United States is organizing the suggested discussion, which will cover how to maintain blockchain innovation and Bitcoin within the country.

Stay in the know on crypto by frequently visiting Crypto News Today

According to a leaked private email from Khanna’s office, U.S. Congressman Ro Khanna, who represents California’s 17th congressional district, will organize a roundtable discussion on blockchain technology and bitcoin in Washington, D.C., early in July.

CryptoCaster Quick Check:

The next gathering is billed by Khanna’s Office as “the most significant meeting between policymakers and innovation leaders in blockchain to date.”

According to the email, representatives from the Senate, House, and Biden administration would be present at the roundtable, along with American businessman Mark Cuban. This meeting’s main goal is to plan strategies for sustaining “Bitcoin and blockchain innovation in the United States.”

Advertisement

This project is thought to be a reaction to former President Donald Trump’s recent support of the Bitcoin sector. As of late, Trump has emerged as the inaugural President to take Bitcoin Lightning payments for political contributions.

Trump promised last night to “end Joe Biden’s war on crypto” and guarantee that Bitcoin and other cryptocurrencies will continue to be produced in the United States. Additionally, earlier this week, Trump promised to assist Bitcoin mining in Washington, D.C., as well as internationally, while hosting a roundtable at Mar-a-Lago with some of the biggest Bitcoin miners in the country.

The Biden Administration has been antagonistic toward Bitcoin and the cryptocurrency market for the last four years. President Biden just vetoed legislation on May 31st, which would have permitted highly regulated financial institutions to hold cryptocurrency, including Bitcoin.

In April of this year, the CEO and creators of the well-known Bitcoin mixing service Samourai wallet were also detained by the Department of Justice (DOJ) on suspicion of money laundering.

Advertisement

Biden likened cryptocurrency traders to “wealthy tax evaders” in May 2023. His government also promoted a Central Bank Digital Currency (CBDC) in March and released an economic analysis that was harshly critical of Bitcoin and Proof of Work mining. Additionally, a 30% tax on power used for Bitcoin mining has been proposed by the Biden Administration.

Given Khanna’s political affiliation, the impending roundtable indicates a change in Washington’s stance toward the cryptocurrency sector and may also indicate a softening of Democratic sentiment.

The Biden Administration is reportedly in talks to accept cryptocurrency donations through Coinbase Commerce, following Trump, who also began accepting donations through Coinbase earlier this week, according to reports earlier this week.CRYPTOCASTER® - DECENTRALIZED FREEDOM!


W

e hope you enjoyed this article. Before you move on, we invite you to consider supporting CryptoCaster’s journalism.

Billionaire owners like Elon Musk, Larry Fink (BlackRock), and Jamie Dimon (JP Morgan Chase) often have a strong influence on the hidden agendas surrounding the paradigm shift brought about by cryptocurrency and emerging Web3 technologies. CryptoCaster stands apart. We have no billionaire owner or shareholders to please. Our journalism is dedicated to serving the public interest in crypto development and institutional disruptions, not profit motives.

We avoid the pitfall of much U.S. and global media, which often resorts to false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency guide everything we do, we recognize that there is a right and wrong stance in the fight against fiat global banking interests and the monetary reconstruction driven by the emerging crypto ecology.

When we report on issues like the FTX, Binance, and Ripple crises, we’re not afraid to name names and uncover the truth. As a crypto sentinel, we offer a fresh, outsider perspective on global monetary disruption—something often missing from the insular American and European media bubble.

CryptoCaster’s paywall-free journalism is accessible worldwide thanks to our unique reader-supported model. This is made possible by readers like you. Your support keeps us independent, free from outside influence, and accessible to everyone, regardless of their ability to pay for news and information.

We are grateful for the ongoing monetary support from our readers. If you haven’t yet considered supporting CryptoCaster, please consider contributing just once from $1 or more in Bitcoin (satoshi) or Ether, or even better, support us monthly with a bit more. Scroll further down this page to find CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster


Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.


Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


CRYPTOCASTER HEATMAP


You may also like