- Ro Khanna led a confidential roundtable to protect the $2 trillion crypto industry from Trump
- Trump leads most 2024 election predictions due to his pro-crypto position
With the 2024 presidential election in the United States quickly approaching, a notable divide has emerged within the crypto community as of late. While former President Donald Trump has gained some support for his pro-crypto stance, not everyone shares a similar line of thinking.
Ro Khanna’s bold move
Congressman Ro Khannaa progressive Democrat from Silicon Valley, is actively working to protect the $2 trillion crypto industry from what he sees as a possible takeover under the Trump administration.
Khanna’s efforts include organizing a high-level roundtable in Washington DC, bringing together key digital asset industry figures, Democratic lawmakers and White House officials to strategize and advocate for crypto-friendly policies.
However, this event had to be highly confidential, with one participant noting before the meeting:
“They haven’t revealed the location and they won’t tell us who’s coming out of the Biden administration. There was a great deal of secrecy about this.”
Why Mark Cuban is the key figure?
Among the prominent figures, billionaire entrepreneur Mark Cuban stands out, given his history of criticizing President Joe Biden.
According to the director, SEC Chairman Gary Gensler’s policies have contributed to anti-crypto sentiment within the Biden administration. To shed light on this, he had previously stated:
“Biden must choose between Gensler or crypto voters or it could cost him the White House.”
Ro Khanna’s approach may stem from Trump’s recent shift in sentiment, recognizing the influence of crypto voters in the upcoming elections.
Trump’s sentiment shifts to crypto
Back in 2019Donald Trump had rejected Bitcoin [BTC] and other cryptocurrencies as non-monetary and excessively volatile. At the time he said:
“I am not a fan of Bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on thin air.”
However, his recent statements are in stark contrast to those of the past. In fact, according to Trump,
“I will end Joe Biden’s war on crypto, and we will ensure that the future of crypto and the future of Bitcoin will be made in America.”
Polymarket forecast poll data
You could even argue that this shift in sentiment has pushed Trump to the forefront of politics Polymarkt market forecasts. In fact, at the time of writing, he had an impressive 62% chance of winning, leaving Biden in third place with just 12%.
Source: Polymarkt
Despite his government’s policies and his poor debate performance, for his part, Khanna will continue to support President Biden.
“Biden is completely coherent. He pays attention to the details.”