- The Biden Administration will reportedly attend a historic roundtable with congressional officials.
- The move comes amid former President Donald Trump's endorsement of BTC.
- Trump pledged to end Biden's war on cryptocurrencies and ensure the future of Bitcoin.
Joe Biden's administration will participate in a roundtable discussion on Bitcoin and blockchain in Washington, DC, in early July, along with key officials from the US Congress. The meeting, which will be hosted by US Congressman Ro Khanna (D-CA), aims to strategize on how to “sustain Bitcoin and blockchain innovation in the United States.”
According to a private email seen by Bitcoin Magazine, the roundtable will feature officials from the Biden Administration, House, and Senate, as well as American businessman Mark Cuban. This meeting is being hailed as “the most important meeting between policymakers and blockchain innovation leaders to date.”
The move is seen as a response to former President Donald Trump's recent support for the Bitcoin industry, including his acceptance of Bitcoin Lightning payments for campaign donations. Trump has pledged to “end Joe Biden's war on cryptocurrencies” and ensure that the future of Bitcoin and cryptocurrencies is made in the United States.
In contrast, the Biden Administration has taken a hostile stance toward the crypto industry in recent years. In May, the president vetoed legislation that would have allowed regulated financial institutions to custody Bitcoin and cryptocurrencies.
In April, the Justice Department also arrested the founders and CEO of Samourai Wallet, a popular Bitcoin mixing service, on charges of money laundering.
However, this upcoming roundtable signals a possible shift in Washington's approach toward the cryptocurrency industry and could heat up sentiment among Democrats. The Biden administration is also reportedly in talks to accept crypto donations through Coinbase (NASDAQ 🙂 Commerce, following Trump's lead.
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