Important White House Officials Meet with Encryption Industry Executives: Vice President's Camp Actively Pumps the Encryption Community

Recently, important officials from the White House held another meeting with executives from the encryption industry, marking the second similar meeting within a month. On Thursday morning Eastern Time, a California Democratic congressman organized a highly anticipated online roundtable discussion. Participants included the Deputy Secretary of the U.S. Treasury, the Director of the National Economic Council, the Deputy Chief of Staff at the White House, as well as the prominent Senior Advisor to the Vice President and Director of Legislative Affairs.

In the encryption industry, the meeting was attended by executives and founders from several well-known companies, including leaders from a payment company, a decentralized exchange, a blockchain foundation, a stablecoin issuance company, as well as some well-known investors and former government officials.

According to informed sources, although there were some complaints during the meeting, participants mainly discussed the application scenarios of the encryption industry, the impact of policies, the key areas that regulatory agencies should focus on, and the industry's effects on employment and the economy.

Compared to a similar meeting held in Washington D.C. last month, this one is smaller in scale but appears significant due to the involvement of higher-level White House officials. Sources indicate that the attendance of senior officials responsible for formulating encryption currency policy has made the dialogue more substantive and forward-looking.

At the meeting, the Chief Legal Officer of a certain trading platform called on the White House to support legislative regulation of the encryption industry, emphasizing that the current policies are no longer sufficient and that action needs to be taken quickly. He suggested that the White House publicly support the bipartisan market structure bill passed by the Senate and sign it into law.

Meanwhile, a grassroots organization named Crypto4Harris plans to hold a conference next week, inviting leaders from the cryptocurrency industry to speak. The organization stated that a cryptocurrency movement supporting the vice president is forming, aimed at keeping the United States at the forefront of digital assets.

It is worth noting that the Vice President recently announced participation in the 2024 presidential election and added two former encryption consultants to their campaign team. The addition of these personnel will undoubtedly bring professional support to the formulation of encryption policies.

The 2024 U.S. presidential election will be the first time that encryption issues play an important role in the presidential election. Currently, the Republican Party has taken steps to attract the cryptocurrency community, while the Democratic Party needs to establish a clear stance on encryption to avoid relinquishing this area entirely to their opponents.

Some analyses suggest that the Vice President still has a chance to regain control over encryption policy. The existing bill, while not perfect, can provide necessary regulatory clarity for the industry. Taking proactive action may attract votes and donations from some encryption supporters, which could have significant impact in key states.

According to data from a certain prediction market, the vice president and the former president are now very close in their probabilities of winning the election. The two have agreed to hold their first debate on September 10, and it is worth looking forward to whether encryption topics will become the focus of the debate.