Senior White House Officials Hold Important Meeting with Leaders of the Encryption Industry: In-Depth Dialogue and Policy Discussion

Recently, senior officials from the White House held an important meeting with leaders in the encryption industry. This is the second similar discussion within a month, demonstrating the government's ongoing interest in the encryption field.

The meeting was organized by California Democratic representatives and was held in the form of an online roundtable discussion. Attending government officials included the Deputy Secretary of the Treasury, the Director of the National Economic Council, the Deputy Chief of Staff at the White House, as well as the Senior Advisor to the Vice President and Director of Legislative Affairs.

In the encryption industry, attendees include executives from several well-known companies, such as the CEO of a payment company, the CEO of a decentralized exchange, and the CEO of a stablecoin issuer. Additionally, important figures in the industry, such as venture capitalists and billionaires, were also present.

It is reported that the meeting discussed topics such as application scenarios in the encryption industry, policy impacts, and regulatory focuses. Although some participants expressed some dissatisfaction, the overall atmosphere remained positive. A source indicated that government officials showed a strong interest in the encryption industry.

Compared to the meeting last month, this meeting is smaller in scale, but it is particularly important due to the participation of higher-level government officials. The government representatives attending are considered key figures responsible for formulating encryption policies.

The Chief Legal Officer of a trading platform urged the White House to support legislation regulating the encryption industry at the meeting. He emphasized that the current policies are inadequate and action needs to be taken as soon as possible.

At the same time, a grassroots organization called Crypto4Harris plans to hold a conference next week, inviting leaders from the encryption industry to speak. The organization stated that a movement is forming to support the Vice President, aimed at keeping the United States at the forefront of the digital asset space.

The Vice President recently officially announced participation in the 2024 presidential election. Although the position on encryption policy is still unclear, it has been reported that advisors with encryption backgrounds have joined their team. The addition of these personnel may have a significant impact on future policy-making.

The 2024 U.S. presidential election will mark the first time that encryption issues play a significant role in a presidential election. Currently, the Republican side has taken measures to attract support from the encryption community. To avoid falling behind in this area, the Vice President needs to quickly formulate his own encryption policy agenda.

Analysis suggests that the Vice President still has the opportunity to take the lead on encryption policy. By supporting existing bipartisan legislation, it may provide critical regulatory clarity for the industry while also potentially attracting votes and donations from some encryption supporters.

According to data from a certain prediction market, the vice president and the former president have shown a deadlock in their probability of winning the election. The two have agreed to hold their first debate in September, and it is worth looking forward to whether encryption will become the focal point of the debate.