Crypto executives have reportedly expressed their displeasure with the way Democrats have targeted the digital asset industry over the past four years at a meeting hosted by Congressman Ro Khanna.
FOX Business reports that Democrats held a Zoom meeting with crypto leaders on Thursday to clear the air about the multiple enforcement actions the Biden administration has unleashed against the industry.
About 20 people attended the meeting, according to the report, including Deputy Treasury Secretary Wally Adeyemo, Deputy Director of the National Economic Council Lael Brainard and White House Deputy Chief of Staff Bruce Reed.
On the crypto side, executives from Coinbase, Ripple, Kraken and other digital asset companies joined billionaire Mark Cuban and SkyBridge Capital founder Anthony Scaramucci.
But instead of resolving matters, a meeting participant who wished to remain anonymous says crypto executives lashed out at Democratic leaders over the hostility regulators showed toward the digital asset industry.
“Executives did not hesitate to tell government representatives how much damage they have caused to the crypto industry and to the Democratic Party with their actions against digital assets. They were basically just yelled at.”
When asked if their companies were being denied access to the U.S. banking system due to the administration’s policies, nearly all crypto representatives raised their hands, according to two meeting participants.
Congressman Ro Khanna hosted the Zoom meeting last week to help Vice President Kamala Harris’ campaign mend fences with the crypto industry.
The move comes as Republican candidate Donald Trump, once an outspoken crypto critic, has since reframed himself as an advocate of digital assets.
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