Democrat Ro Khanna Seeks to Prevent the Trump Takeover of $2 Trillion Crypto Industry
Highlights
- Ro Khanna is reaching out to reaching out to key figures from the crypto sector, White House officials, and Democratic lawmakers.
- The meeting next week will include over two dozen participants including billionaire Mark Cuban.
- As Trump becomes popular among crypto industry supporters, Democrats are trying to catch-up.
While Donald Trump makes every possible effort to sway the crypto players in his Presidential Campaign speeches, progressive Democrat Ro Khanna seeks to prevent the Trump takeover of the $2 trillion crypto industry.
Ro Khanna Reaches Out to Crypto Industry Heavyweights
As reported by Fox Business journalist Eleanor Terret, Ro Khanna is currently reaching out to top people from the crypto industry along with White House officials and Democratic lawmakers, inviting them for a round table meeting next week.
More than two dozen people are likely to attend this meeting including billionaire Mark Cuban and one representative of the White House. As per Fox Business, the crypto industry representative will be flying from across the USA to take part in the event scheduled for next Wednesday. One attendee from the Biden Administration said:
“They haven’t disclosed the location, and they will not tell us who is coming from the Biden Administration. There has been a large degree of secrecy around this.”
Also Read: Kamala Harris Overtakes Biden In Prediction Markets, Has Trump’s Opponent Changed?
Are Democrats Late to the Party?
Soon after President Donald Trump escalated his Presidential campaign by supporting the crypto industry, the Democrats understood that the crypto peeps have an important say in the upcoming 2024 US elections.
However, the Democrats could be late to the party as the crypto industry pioneers have already tilted in favor of Donald Trump with the likes of Jesse Powell and Winklevoss Twins making heavy donations to the Trump campaign. They have accused the Biden administration of trying to stifle crypto innovation through regulatory witch hand over the past couple of years.
Trump has made “ending Biden’s war on crypto” a key campaign promise, attracting many pro-crypto voters, including some who supported Biden in 2020. Besides, he has also promised to support the Bitcoin mining industry if he resumes the Presidency after this election.
The former President is likely to give an address at the upcoming Bitcoin 2024 Conference, an industry event promoted as “the world’s largest gathering of Bitcoiners,” scheduled in Nashville later this month.
Also Read: U.S. Election Won’t Alter Positive Crypto Regulations, Says Mike Novogratz
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