Representatives from Coinbase, Kraken, Ripple and Circle reportedly attended a video call with US policymakers to discuss their approach to crypto regulation.
Several representatives from major cryptocurrency firms reportedly attended a video call with United States lawmakers, officials from the Biden administration and Kamala Harris’ staff.
According to an Aug. 8 report from Yahoo Finance, industry leaders discussed how the Biden administration might “reset” its approach to crypto policy as President Joe Biden ends his term in January 2025 and through Harris’ campaign. Coinbase Global chief legal officer Paul Grewal, Kraken CEO David Ripley, Ripple CEO Brad Garlinghouse, and Circle CEO Jeremy Allaire reportedly attended the virtual event, initially reported as an in-person roundtable discussion.
The crypto executives reportedly pushed the Biden administration for regulatory clarity in the digital asset space, hinting at the removal of Securities and Exchange Commission (SEC) Chair Gary Gensler. Many in the industry have criticized the SEC under Gensler for bringing enforcement actions against crypto firms that seemingly do not have a clear path to operate legally in the US.
