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Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data.Stablecoins have become the center of attention in Washington DC recently as pressure mounts to roll out a regulatory framework for dollar-pegged digital
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Crypto industry has been raising its lobbying efforts amid the crypto winter that began last year. In 2022, the market participants spent $25.57 million on lobbying in the United States. This number appears in a study, published by the Money Mongers on Feb. 23. The count is based on data from
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Crypto is no stranger to these problems – not because its business leaders are any more or less inclined to behave badly, but because, as in other industries, the biggest players are able to exploit their dominance. Where it differs from other industries is that crypto’s core foundations are built
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Binance has joined the Chamber of Digital Commerce, a United States crypto industry lobbying group, according to a Dec. 20 press release from the exchange. The move comes after Binance has been criticized for allegedly being unregulated.Binance’s vice president of public affairs Joanne Kubba expressed hope that the partnership would
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Anti-crypto technology experts urged United States lawmakers to resist the influence of pro-crypto lobbying efforts. Bruce Schneier, a lecturer at Harvard, reportedly said that blockchain advocates's claims are "not true." He added that the technology is not secure and not really decentralized. According to Schneier, systems where you can "lose your
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Binance.US, the American arm of the world’s largest crypto exchange by trading volume, is leaving noted crypto lobbying group Blockchain Association after less than two years due to a difference in “values, goals and standards,” a source close to the company told CryptoX. Source
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Before his appointment by the Blockchain Association, Olsen served as senior vice president of state government affairs for the Internet Association, a since-dissolved lobbying group based in Washington, D.C. that advocated for Web 2 companies including Alphabet's (GOOG) Google, Microsoft (MSFT) and Facebook (FB), now Meta. Original Source
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“Foundry will leverage Blockchain Association’s singular platform, blending industry insights and legal analysis, to inform lawmakers of the economic growth and technological innovations the crypto industry will continue to bring to the job market and electrical grid,“ Foundry said in the statement. Source
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Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged to seek to influence from politicians and
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“We are excited for the organization's next chapter under her leadership, demonstrating and communicating the transformational benefits of crypto to policymakers, regulators, and people around the globe,” Fred Ehrsam, co-founder and managing partner at Paradigm and CCI board member, said in a press release. Source
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