Biden Administration to Join Key Congressional Leaders for Bitcoin Roundtable in Washington, D.C.

• Rep. Ro Khanna to host a landmark Bitcoin and blockchain summit in Washington D.C. with key policymakers and innovators.
• The roundtable aims to shape the future of Bitcoin and blockchain technology in America, countering Trump’s recent crypto endorsements.
• Biden’s administration faces criticism for its tough stance on crypto, including vetoing crypto custody by banks and proposing heavy taxes on Bitcoin mining.

Representative Ro Khanna of California’s 17th district is gearing up to lead a pivotal Bitcoin and blockchain discussion in the nation’s capital come early July. This was revealed by a confidential communique from Khanna’s Office obtained by Bitcoin Magazine.

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The office characterizes the impending assembly as an unprecedented convergence of policy shapers and trailblazers in the blockchain arena. Anticipated attendees include figures from President Biden’s circle, members of both congressional chambers and entrepreneur Mark Cuban, as per the dispatch. 

Objectives of the Meeting

The gathering’s chief aim is to forge a path for domestic Bitcoin and blockchain advancements. This move is perceived as a counteraction to ex-President Donald Trump’s recent Bitcoin sector endorsements. 

Notably, Trump has embraced Bitcoin Lightning transactions for his campaign contributions, a presidential first. Trump vowed last evening to dismantle what he terms “Biden’s crypto crusade” and to anchor the Bitcoin and crypto sectors’ futures within American shores. 

This week also saw Trump convening with top-tier Bitcoin miners at Mar-a-Lago, affirming his backing for Bitcoin mining endeavors both locally and internationally. Over the last four years, President Biden’s administration has exhibited an adversarial approach towards the Bitcoin and crypto sectors. 

On May 31, Biden vetoed a bill that would have permitted stringently regulated banks to manage Bitcoin and other digital currencies. Moreover, in April, the DOJ apprehended the creators and chief executive of Samourai wallet—a renowned Bitcoin mixer—on money laundering allegations.

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