Crypto industry clashes with Democratic Party leaders in heated Zoom meeting

A Zoom meeting hosted by California Congressman Ro Khanna to repair relations between the crypto industry and the Biden administration turned heated, according to Fox Business, with industry executives largely lashing out at officials over regulatory actions by agencies such as the SEC and the Federal Reserve. Around twenty people joined, including Deputy Treasury Secretary Wally Adeyemo, Lael Brainard and Bruce Reed, along with Mark Cuban, Anthony Scaramucci and Ron Conway. Adeyemo said banks were not actively trying to cut the industry off, but a crypto executive's request for a show of hands drew nearly all industry representatives, according to two attendees. Scaramucci said he was optimistic about Harris gaining some crypto support, and Coinbase's Paul Grewal said the focus now has to be on the Harris campaign.