U.S. Vice President's Advisor Meets with Encryption Industry Executives: Policymakers Show Strong Interest in the Industry

Recently, important officials from the White House held another meeting with executives from the encryption industry. On Thursday morning Eastern Time, a highly anticipated online roundtable meeting took place as scheduled. This meeting was organized by a Democratic congressman from California, and the attending government officials included the Deputy Secretary of the Treasury, the Director of the National Economic Council, the Deputy Chief of Staff of the White House, as well as a senior advisor to the Vice President and head of legislative affairs.

In the field of the encryption industry, attendees included executives and founders from several well-known companies, such as an executive from a certain payment company, the CEO of a certain decentralized exchange, the CEO of a certain stablecoin issuing company, as well as some billionaires and venture capitalists.

This is the second meeting within a month between White House officials and representatives of the encryption industry. Compared to last time, this meeting is smaller in scale but seems more important due to the involvement of higher-level policymakers. It is reported that the Deputy Secretary of the Treasury and the Director of the National Economic Council have shown a strong interest in the industry.

The meeting discussed the application scenarios of the encryption industry, the impact of policies, and regulatory priorities, among other topics. Some attendees expressed dissatisfaction with the current policies and called for government support for relevant legislation. The chief legal officer of a trading platform emphasized that existing policies are inadequate, and the White House should publicly support Congress in passing relevant bills.

At the same time, a grassroots organization called Crypto4Harris plans to hold a meeting next week, inviting leaders from the encryption industry to speak. The organization stated that a force supporting the vice president is forming within the encryption community, while also advocating for policies that favor the United States in maintaining a leading position in the digital asset space.

It is worth noting that the Vice President recently announced participation in the 2024 presidential election and added two advisors with backgrounds in the encryption industry to his campaign team. The addition of these personnel may provide professional advice for the formulation of relevant policies.

Analysis suggests that the 2024 U.S. election will be the first time that encryption issues play an important role in the elections. Currently, the Republican Party seems to be more actively embracing cryptocurrency, while the Democratic Party needs to establish a clear position to avoid falling completely behind their opponents in this area.

Some experts point out that although the United States lags behind other regions in encryption regulation, relevant legislation has been drafted, but it faces some opposition. They believe that the Vice President still has the opportunity to regain the initiative on this issue, and by supporting relevant legislation, it may attract some votes and donations.

According to data from a certain prediction market, as of August 9, the vice president and his main opponent are very close in terms of the probability of winning the election. The two have agreed to participate in a televised debate on September 10, and there is much attention on whether encryption issues will become the focus of the debate.