US President Joe Biden has decided to convene a meeting to address the cryptocurrency issue, with an expected date set in early July. Key figures from the Biden administration, including billionaire entrepreneur Mark Cuban, along with lawmakers from both the House and Senate, will participate in this roundtable discussion.
The event, organized by Democratic Rep. Ro Khanna, who represents Silicon Valley, will focus on strategies to support and promote Bitcoin and blockchain innovation in the United States. This meeting underscores the growing significance of cryptocurrencies in the economic and political spheres, particularly as the 2024 presidential elections draw near.
Mark Cuban, a vocal advocate for cryptocurrencies, has highlighted the importance of this issue for the upcoming elections. He emphasized the decision that Biden must make between SEC Chairman Gary Gensler and crypto voters, as it could impact his chances at the White House.
Rep. Khanna, a proponent of the cryptocurrency industry, recently introduced the FIT21 bill in the House, which seeks to expand the Commodity Futures Trading Commission’s jurisdiction over digital commodities and establish regulatory frameworks at the Securities and Exchange Commission. He has urged the Biden administration to support this legislative effort.
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