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.
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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.
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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.”
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.
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.
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