Crypto Executives Urge Removal of Gary Gensler in White House Meeting

This pivotal event, hosted by Rep. Ro Khanna, gathered key figures from both the Biden administration and the crypto sector. The discussions encompassed major policies, regulatory frameworks, and notable occurrences, such as the departure of SEC Chair Gary Gensler. This high-level meeting aimed to shape the direction of crypto regulation in the country, addressing both industry concerns and government policies.

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• Crypto Executives Urge Removal of Gary Gensler
• Kamala Harris’ Treasury Takes Anti-Crypto Stance
• US Political Trend and Upcoming Debates

Crypto Executives Urge Removal of Gary Gensler

The meeting was graced by esteemed attendees such as Wally Adeyemo, the Deputy Secretary of the Treasury from the United States, Lael Brainard, Director of the National Economic Council, and Bruce Reed, Deputy Chief of Staff at the White House. Additionally, Kristine Lucius, the Director of Legislative Affairs for Vice President Kamala Harris, was also present.

During the meeting, executives from cryptocurrency companies voiced their apprehensions regarding the current legal landscape, particularly focusing on the Securities and Exchange Commission (SEC) in the United States. The discussion also delved into the possibility of SEC Chairman Gary Gensler’s dismissal, highlighting the industry’s dissatisfaction with perceived aggressive stances towards digital assets.

Kamala Harris’ Treasury Takes Anti-Crypto Stance

If Vice President Kamala Harris were to ascend to the presidency, there are whispers that she may consider Wally Adeyemo, the current Deputy Treasury Secretary, for the role of Treasury Secretary. Adeyemo, a vocal critic of the cryptocurrency industry, holds concerns that it can facilitate criminal activities and pose a risk to national security.

US Political Trend and Upcoming Debates

As the 2024 election campaign intensifies, the cryptocurrency industry strives to position the issue as transcending partisan lines.  While Donald Trump has openly expressed his enthusiasm for cryptocurrency, Kamala Harris’ stance, though less vocal, indicates engagement through her team’s recent interactions with the sector.

Amidst these discussions, former President Donald Trump has agreed to engage in a series of live debates with Harris in September.  Meanwhile, a Coingape report revealed that Donald Trump Jr. and Eric Trump have issued warnings against scammers impersonating the Trump family, subtly suggesting a potential upcoming crypto-related endeavor from the Trump clan.

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