Ripple CEO Brad Garlinghouse is scheduled to participate in a roundtable meeting hosted by U.S. Representative Ro Khanna. This engagement is viewed by the crypto community as “too little, too late.”
The meeting will bring together crypto industry leaders and executives, likely to discuss digital asset policies in the United States. This roundtable takes place in the context of the ongoing U.S. election, with former President Donald Trump and President Joe Biden competing for the presidency.
Ro Khanna Hosts Key Crypto Roundtable
U.S. Representative Ro Khanna (D-CA) will host a roundtable meeting featuring notable figures from the crypto industry. Ripple CEO Brad Garlinghouse and billionaire investor Mark Cuban, a significant stakeholder in Polygon (MATIC), are set to attend.
Source: Twitter – X
The meeting will also include SkyBridge Capital founder and CEO Anthony Scaramucci and former CFTC Chairman Chris Giancarlo, who now serves on the Board of Paxos.
Fox Business’s Eleanor Terrett first reported the meeting in early July, though the participants were not confirmed at that time. Some attendees initially claimed to be unaware of the meeting, and no official list was provided. With Election Day on November 5th, this Democratic meeting could have important implications for the crypto space.
Biden Administration’s Crypto Stance Faces Backlash
The Biden administration has taken a tough stance on the digital asset sector, pursuing enforcement actions against crypto firms that have led to fines and pushed some companies out of the U.S. This approach has sparked criticism from within the crypto community, with some users on X (formerly Twitter) declaring that it is “too late” for Biden to mend relations with the sector.
The administration’s actions have included President Biden’s veto of Staff Accounting Bulletin No. 121 (SAB 121), which aimed to reverse the SEC’s rule requiring publicly traded banks to list crypto assets on their balance sheets. This veto has been described by some as the final “nail in the coffin” for Biden’s relationship with the crypto industry. In response, the House is preparing to challenge Biden, with a second round of voting scheduled for Wednesday.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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