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Highlights
- Ripple CEO has shared tiny insights into the roundtable with lawmakers and industry leaders
- He pointed out the presence of Mark Cuban and a White House staff
- The community is divided on expectations for crypto regulation
Ripple Labs Inc. CEO, Brad Garlinghouse has finally spoken out about the roundtable meeting he and other crypto leaders attended earlier on Wednesday.
Democrats Ro Khanna Engages Crypto Industry
Democratic Congressman Ro Khanna organized a roundtable discussion on cryptocurrency regulations and invited the likes of Garlinghouse and American businessman Mark Cuban.
Ro Khanna is certain that the meeting would set the pace for the introduction of a robust crypto regulatory framework in the United States. Since the meeting was held, not much has been said about it. However, Garlinghouse took to X to appreciate Ro Khanna’s effort, describing him as an exceptional leader who has taken time out to engage the crypto industry.
Thank you to @RoKhanna for being an exceptional leader and engaging with the crypto industry. This morning’s crypto roundtable, bringing together folks like @mcuban, @iampaulgrewal, @ddisparte, etc with the White House and key congressional leaders such as @SenGillibrand and…
— Brad Garlinghouse (@bgarlinghouse) July 10, 2024
The Ripple CEO confirmed that Cuban was in the meeting alongside Coinbase CLO Paul Grewal and Circle’s Chief Strategy Officer Dante Disparte. Some leaders from the White House and key Congress members like Senator Kirsten Gillibrand and Assistant Democratic Leader of the U.S. House of Representatives Joe Neguse were also in attendance.
Fox Business reporter Eleanor Terrett stated that Anita Dunn, the Senior Adviser to the president of the United States was in the meeting for about an hour. Terrett highlighted the initial reaction of participants was that it was a “productive step forward.”
However, many crypto enthusiasts do not agree, citing the fact that Democrats are not ready to accept crypto wholeheartedly.
Democrats Remains Anti-crypto
Even Ripple CEO shared this same sentiment about the majority of Democrats. He believes that they are in on Gary Gensler‘s effort towards through the Securities and Exchange Commission (SEC) to sabotage the crypto ecosystem.
“Unfortunately, the majority of Dems continue to enable Gensler’s unlawful war on crypto – sabotaging the ability for American innovation to thrive. It’s no wonder the GOP has announced a pro-crypto stance. Gensler will go down as the Luddite of his time,” Garlinghouse explained.
The stance of the Democrats on crypto has been quite obvious, even in the campaign efforts of presidential candidates for the upcoming elections. Republican nominee Donald Trump has voiced his plans to give his support to crypto companies. His rival President Joe Biden from the Democrats party on the other hand has nominated anti-crypto Democrats Caroline Crenshaw for second term as SEC Commissioner.
Though some other Democrats were at Ro Khanna’s roundtable crypto meeting, Americans do not see them changing their minds about crypto anytime soon.
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