The wounds between the crypto world and the Democratic Party cannot be healed despite all efforts. Finally, at the Zoom meeting held yesterday morning, which was held yesterday morning and organised to “bring the two sides together again at a middle point”, harsh words flew in the air, even shouting.
The Deputy Treasury Secretary was also there
According to the US media outlet Fox Business, the meeting, organised by California representative and Congressman Ro Khanna, was attended by both business and political heavyweights. Wally Adeyemo, assistant to US Treasury Secretary Janet Yellen, Lael Brainard, president of the National Economic Council, Bruce Reed, White House deputy chief of staff, and Kristine Lucius, one of Kamala Harris’s chief advisors, were among the Democrats at the online meeting.
Important names from the business world were also present at the meeting. Famous crypto-supporting billionaire Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, Ron Conway, one of the famous donors of Democrats, and executives from Ripple, Uniswap, Coinbase and Kraken also took part in the meeting.
“It was the same as the Round Table”
As it will be remembered, Congressman Ro Khanna held a similar meeting in Washington last month, where crypto company executives reacted heavily to the Biden government, the SEC and the Fed. The executives of the Democratic side were stunned by this reaction. A person who attended the meeting and did not want to be named stated that a similar situation occurred at this meeting and said, “Instead of finding a common ground, on the contrary, things got worse. It was almost the same as the Round Table meeting,” he said.
“Executives didn’t hold back, they basically just got yelled at”
The same person also gave more details about the meeting. Stating that the managers of crypto companies did not hesitate to react, this person said the following:
“Executives didn’t hold back on telling the administration reps how much damage they’ve done to the crypto industry and to the Democrat Party with their actions against digital assets, they basically just got yelled at.”
“You make empty promises”
Conway, a Democratic Party donor and early Coinbase investor, also harshly criticised his own party and said, “The administration is doing nothing but making empty promises for the crypto world.”
All raised their hands
Another surprising event was the words of Adeyemo, Deputy Minister of Treasury. Adeyemo said that banks and regulators do not want to separate crypto companies from the world financial system. Responding to these words, a crypto manager asked managers whose companies were deprived of banking services to raise their hands. All executives raised their hands at the Zoom meeting.
Scaramucci is hopeful
On the other hand, despite all these tensions, Anthony Scaramucci, founder of SkyBridge Capital, said that this meeting is important and that despite what happened, he believes that Democrats will also receive support from the crypto world:
“My colleagues in the crypto space understandably want action now, but that’s not how things work in Washington. I think we’re making steady progress.”
“Harris is the perfect candidate”
Paul Grewal, Coinbase’s Chief Legal Officer, also spoke positively and said, “This was a Biden administration meeting, but the focus now has to be on the Harris campaign and what they’re willing to do. She’s the perfect candidate to be a strong new face for crypto and make a break with the past.”