- Ripple CEO Brad Garlinghouse will take part in a roundtable meeting.
- The meeting will be hosted by United States Representative Ro Khanna.
- The crypto community believes that the meeting comes “too little too late.”
Ripple CEO Brad Garlinghouse is meeting with crypto industry leaders and executives, potentially to discuss digital asset policies in the United States. This roundtable meeting comes amid the US election, where former President Donald Trump and President Joe Biden are vying for the presidency.
U.S. Representative Ro Khanna (D-CA) will host the roundtable. Alongside Ripple CEO Brad Garlinghouse, billionaire investor Mark Cuban, a major stakeholder in Polygon (MATIC), will also attend.
Other prominent industry members joining Khanna’s meeting include SkyBridge Capital founder and CEO Anthony Scaramucci and former CFTC Chairman under the Trump administration, Chris Giancarlo, who now serves on the Board of Paxos.
Notably, Fox Business’s Eleanor Terrett was the first to report the meeting in the first week of July. However, the members were not confirmed at the time. Some attendees initially claimed to be unaware of the meeting, and no official list of members was released. The Democratic meeting could prove crucial for the crypto space, considering that Election Day is November 5th.
The Biden administration has not been favorable towards the digital asset sector. Under President Biden, the administration has pursued a series of enforcement actions against crypto firms, resulting in fines and some companies being pushed out of the United States by the SEC.
Some users have expressed on social media platform X that it is “too late” for Biden because he has already alienated the crypto sector. Another X user described President Biden’s veto of Staff Accounting Bulletin No. 121 (SAB 121) as the final “nail in the coffin.”SAB 121 sought to overturn the SEC’s rule requiring publicly traded banks in the U.S. to list crypto assets on their balance sheets. Biden vetoed the move, and now the House is preparing to challenge Biden with a second round of voting set for Wednesday.
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