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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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Nonfungible tokens (NFT) depicting cartoon lobsters in suits have raised more than $4 million to support lobbying efforts supporting the decentralized finance (DeFi) sector.On August 5, nonfungible token platform and community Universe sold out if its Lobby Lobster NFTs in less than one hour, raising roughly $4 million.Wow Already $4m
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The new board members represent decentralized finance and institutional crypto alike. Source
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Ripple to become the first big blockchain firm with a dedicated global regulatory office in Washington D.C. The blockchain firm announced the expansion of its global regulatory team as part of the efforts to educate lawmakers across the globe by uniting industry leaders with global policymakers.In addition to it, Ripple
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Facebook has hired the Washington-based public policy and business strategy advisory firm FS Vector that specializes in the fintech, cryptocurrency, blockchain and financial services markets to support it on issues related to crypto policy.The firm was hired by the social media giant amid regulatory pushback from U.S. lawmakers over the
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In July, tech giant Facebook (NASDAQ:FB) announced that it was going to launch its own cryptocurrency named Libra, and since then, it has lurched from one problem to the next. Policymakers from all across the world, including the head of the US Federal Reserve and US President Donald Trump, expressed their
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