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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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