Crypto: Harris Camp's Contentious First Meeting with Industry Leaders
CryptoNewsTerminal Staff08 Aug, 2024
Crypto: Harris Camp's Contentious First Meeting with Industry Leaders
The first meeting between Vice President Kamala Harris' camp and crypto industry leaders was reportedly "contentious," with "a lot of yelling," according to a report from Axios. The meeting was held on Thursday, November 4, and was attended by representatives from the Biden administration, including Harris' top economic adviser, Bharat Ramamurti. The meeting was reportedly dominated by discussions about the regulation of digital assets, with industry leaders pushing for a lighter touch and the administration officials expressing concerns about the potential for consumer harm. The meeting also reportedly covered a range of other topics, including the role of crypto in national security and the potential for it to be used for money laundering and other illicit activities. The meeting is the latest sign of the Biden administration's growing focus on crypto. In recent months, the administration has taken a number of steps to crack down on the industry, including issuing a series of executive orders and launching a new task force to study the risks and benefits of digital assets.
