Blockchain World Creates A New Association for Lobbying with US Proxies

With the establishment of the new blockchain association, the Blockchain Association, a number of blockchain investors, exchanges and organizations Washington D.C.. plans to lobby lawmakers.

This new organization will focus on both education and legislative changes as part of its efforts to normalize relations between crypto organizations and lawmakers, according to the Washington Post on Tuesday.. Coinbase, Circle, Digital Currency Group, Polychain Capital, and Protocol Labs are among the founding members of the association.

The association’s first staff includes Kristin Smith, a former Senate aide and Overstock.com’s blockchain lobbyist.. In his statement to the Post, Smith stated that he will guide the association that has just started its work, and said, “I was spending a lot of time on basic education studies in this field.. … I am particularly excited to focus on these issues.”

Also, according to the statements made by Politico, it was stated that Protocol Labs general counsel Marvin Ammori and Hangar founder Josh Mendelsohn will be the group’s advisors.

Coinbase’s chief legal officer and Mike Lempres, CRO, told The Washington Post that the association will bring companies together to advocate for reasonable legislation: let them know that they will be in contact with companies that will accept legal regulations when seen. … We are not companies that want to play games with the system, we are trying to develop a legal and regulatory system that will stand the test of time.. ”

The Blockchain Association will specifically focus on tax law and the relationship of “know your customer” and anti-money laundering rules with crypto exchanges and organizations, “at least for a start,” according to the report.

<

Coin Center’s managing director, Jerry Brito, told the Post that the think tank was delighted to see the organization in this space.

It’s good to hear more voices advocating what we agree on. ”

Follow us on Twitter to be instantly informed about the last minute developments, like our Facebook page and join our Telegram channel!