Crypto Executives Meeting with Kamala Harris Postponed: What Does It Mean?

In a surprising turn, a highly anticipated meeting between key crypto executives and Vice President Kamala Harris has been delayed. Originally scheduled for this Monday, the meeting, intended to foster dialogue and address industry concerns, will now take place later this week. But what does this postponement mean for the future of crypto regulation and the relationship between the industry and the White House?

Crypto Executives Meeting with Kamala Harris Postponed: What We Know

The meeting, arranged by California Congressman Ro Khanna, aimed to bridge the gap between the crypto industry and the Biden administration, particularly Vice President Harris. The delay, first reported by FOX Business journalist Eleanor Terrett, leaves the exact timing uncertain.

https://x.com/EleanorTerrett/status/1820424228123836615

Key Takeaways:

• Postponement: The meeting is delayed from Monday to later this week.
• No Specific Date: An exact date for the rescheduled meeting is yet to be announced.
• Notable Attendees: Ripple’s Brad Garlinghouse and Chris Larsen were expected to be present.

Why This Meeting Matters

This meeting is significant for several reasons:

• Industry Concerns: Crypto executives are eager to voice their concerns regarding digital asset policies.
• Policy Changes: They aim to advocate for changes in the current regulatory landscape.
• High-Profile Attendees: The roundtable includes influential figures like Anita Dunn, Lael Brainard, and Bruce Reed.

Ripple’s Role and the SEC

A major highlight of the summit was expected to be the presence of Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. Ripple has been a vocal critic of the SEC’s regulatory approach under Chair Gary Gensler, particularly concerning the ongoing lawsuit against the company.

The Bigger Picture: Crypto and Politics

The postponement comes amid increasing political interest in the crypto space.

• Trump’s Pro-Crypto Stance: Former President Donald Trump has positioned himself as a pro-crypto advocate, promising reforms and the removal of SEC Chair Gensler if re-elected.
• Democratic Support: Even within the Democratic party, there’s growing support for pro-crypto policies, with some members pushing for a more innovation-friendly SEC chair.
• Growing Investment: With nearly 50 million Americans invested in digital assets, politicians are recognizing the importance of appealing to crypto-focused voters.

What’s Next?

The crypto executives meeting follows a July roundtable that saw deep engagement between crypto executives and the White House’s very own Ripple and Coinbase.

The delay of this meeting raises questions about the administration’s current stance on crypto regulation. Will the rescheduled meeting lead to productive dialogue and policy changes? Only time will tell. Stay tuned for updates as this story develops.