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LIVE UPDATES • Crypto Executives Meeting with White House Takes Place to Promote New Law • Bloomberg Analyst: Bitcoin ETF Options May Be Launched in Q4 • Shiba Inu (SHIB) Makes Way For New Cryptocurrency Rival Predicted To 2000x Profits • Great News: 26 Million XRP Transacted in 24 Hours as Whales Return • Investors Make U-turn As BTC, XRP Tumble Significantly, Vote Confidently for DigiHorse • Toncoin’s (TON) and Solana (SOL) Price Recovery Could Yield $3.55 Billion in Profits for Investors • Crypto-Friendly Customers Bank Sanctioned by Fed For Anti Money Laundering Deficiencies • Decline in Bitcoin Miner Reserves After April Halving Event: Report • Russian Crypto Mining Law Has Now Been Approved by President Vladimir Putin • Ripple SEC Lawsuit May Continue As SEC Appeals Ruling

News Crypto Executives Meeting with White House Takes Place to Promote New Law 5 mins ago - Around 3 mins mins to read

Key Points:

Crypto executives meeting with White House officials discussed future regulations and industry impact.

Coinbase’s Paul Grewal pushed for White House support on new crypto legislation.

According to The Block, key industry leaders virtually sat down with senior White House officials Thursday to discuss upcoming cryptocurrency regulations and policy directions.

Read more: Crypto Executives Meeting Coming Soon Seeking White House Help for Crypto and Web3

Crypto Executives Meeting on Future Crypto Regulations

The crypto executives meeting started at around noon Eastern and represents the second such gathering in about a month.

The high-profile government list of attendees included U.S. Deputy Secretary of the Treasury Wally Adeyemo, National Economic Council Director Lael Brainard, White House deputy chief of staff Bruce Reed, Rep. Ro Khanna of California, who hosted the event, and Kristine Lucius, director of legislative affairs to Vice President Kamala Harris.

There was a long list of notable crypto industry participants, such as Ripple executives Brad Garlinghouse and Chris Larsen, Uniswap CEO Hayden Adams, Stellar Development Foundation’s Denelle Dixon, Circle CEO Jeremy Allaire, and Coinbase Chief Legal Officer Paul Grewal.

Also added to the list were billionaire Mark Cuban, former White House Communications Director Anthony Scaramucci, and Kraken CEO David Ripley. Others present included policy advisor Joshua Schenk and venture capitalist Ron Conway.

The venting of grievances was part of the discussion, along with the possible policy ramifications. The topics included expectations of regulators, the impact of the industry on employment, and the economy. Grewal, from Coinbase, urged the White House to support some soon-to-be-proposed legislation that would provide a regulatory framework for the crypto market, as the House had passed a market structure bill in May with Democratic support.

Crypto Industry Steps Up Engagement During Election Season

The crypto executives meeting follows a similar gathering held last month in Washington D.C. in a far larger meeting with discussions of similar topics. As election season heats up, crypto has decided on involvement in political campaigns.

Crypto candidates have been piling up interest as even Kamala Harris and Donald Trump reach out to the sector for involvement. Harris’ team has lately reached out to crypto leaders following President Biden’s decision not to seek re-election. Crypto4Harris will host a town hall next week with industry leaders such as Sheila Warren and Mark Cuban.

Coinbase Crypto Executives Donald Trump Jeremy Allaire Kamala Harris Paul Grewal white house

Author Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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Crypto Executives Meeting with White House Takes Place to Promote New Law