Crypto Execs Leave Kamala Harris Meeting 'Empty-Handed' Over Policy Concerns

IconCryptoNewsTerminal Staff08 Aug, 2024

cryptonews.jpg

Crypto Execs Leave Kamala Harris Meeting 'Empty-Handed' Over Policy Concerns

Crypto Industry Leaders Voice Concerns in Meeting with Harris Campaign Senior executives from the cryptocurrency industry left a meeting with Kamala Harris' campaign without any commitments on policy changes, according to a report by Bloomberg. The meeting was intended to address concerns about cryptocurrency regulation, but the Harris camp reportedly provided no concrete assurances. "We've had multiple conversations with the Harris camp in the past two weeks, but we haven't seen any movement," said Coinbase Chief Legal Officer Paul Grewal. The meeting included Bruce Reed, deputy campaign manager; Lael Brainard, an economic adviser to the campaign; California Rep. Ro Khanna; and Christine Lucius, the vice president's chief counsel and legislative director. The cryptocurrency industry has been advocating for clearer and more supportive regulation, arguing that it would foster innovation and protect consumers. However, the Harris campaign has not publicly committed to any specific policy changes. The lack of progress in the meeting has raised concerns among crypto executives who are seeking a more constructive dialogue with policymakers. As the cryptocurrency industry continues to grow, it will be crucial for regulators to engage with industry leaders to develop a balanced approach to regulation.