Crypto executives reportedly expressed their dismay about how Democrats have targeted the digital asset industry in the last four years at a meeting hosted by Congressman Ro Khanna.
FOX Business reports that on Thursday, Democrats had a Zoom meeting with crypto leaders to clear the air over the multiple enforcement actions unleashed by the Biden Administration against the industry.
[adinserter block="1"]According to the report, about 20 people attended the meeting, 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 side of crypto, executives from Coinbase, Ripple, Kraken and other digital asset firms joined billionaire Mark Cuban and SkyBridge Capital founder Anthony Scaramucci.
But instead of patching things up, a meeting attendee who wished to remain anonymous says the crypto executives lashed out at Democratic leaders for the hostility shown by regulators toward the digital asset industry.
“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.”
When asked if their firms were denied access to the US banking system due to the administration’s policies, almost all of the crypto representatives raised their hands, according to two meeting attendees.
Congressman Ro Khanna arranged 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 a vocal crypto critic, has since reframed himself as a digital asset advocate.
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