Categories: Ethereum

Cryptocurrency Lobbying Is Coming To Washington

Click here to view original web page at

As lawmakers are trying to figure out how to govern and regulate the use of blockchain and cryptocurrency technology, a group of heavy hitters in the cryptospace are collaborating to create the first cryptocurrency/blockchain lobbying group.

According to a September 12 announcement, the DC-based Blockchain Association launched yesterday. This non-profit organization hopes to act as the "unified voice of the blockchain ecosystem."

The association intends to create an environment that accepts innovation to meet the growing global demand for more transparent and democratic financial and technical systems.

To this end, the Blockchain Association plans to educate lawmakers about what blockchain and cryptocurrency technology is, how it works, and the benefit it can bring to the American public. The new group also wishes to promote collaboration between community and industry leaders.

To date, the Blockchain Association reportedly includes participants from Coinbase, Protocol Labs, and Circle, and its investors include the Digital Currency Group and Polychain Capital.

The Blockchain Associating posits that the decisions made by lawmakers now will affect the industry for years to come. In the announcement the Blockchain Association stated:

"We'll advocate for our community and the opportunities presented by our technologies and encourage regulatory solutions that protect consumers and support innovation. We seek policies that support the creation and use of digital tokens and assets, and capital formation and trading through robust exchanges."

The group also believes that existing legal frameworks fail to identify which business practices are harmful to consumers and which act in their favor.

According to the announcement, the association is accepting recommendations and applications and will be rolling out an inclusive membership framework soon. Kristin McKenzie Smith, who will act as the association's director of external affairs, is reportedly the lobbying group's first hire.

The effect the Blockchain Association will have on laws and policies is still to be seen, but with the denial of various cryptocurrency backed Exchange Traded Funds (ETF) by the US Securities and Exchange Commission (SEC), and a number of cryptocurrency and ICO-related court cases, it seems that lawmakers are hesitant to accept cryptocurrency into the US financial industry. Some blame the declining price of Ether and other cryptocurrencies on these rulings. Perhaps the Blockchain Association will be able to help politicians become more knowledgeable and confident in the emerging technology.

Nathan Graham is a full-time staff writer for ETHNews. He lives in Sparks, Nevada, with his wife, Beth, and dog, Kyia. Nathan has a passion for new technology, grant writing, and short stories. He spends his time rafting the American River, playing video games, and writing.

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest SEC, lobbying group or other Ethereum law and legislation news.


lobbying group


Blockchain Association

Digital Currency Group

Polychain Capital


Protocol Labs


Kristin McKenzie Smith







Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin Price Fumbles Under $10,000 as Traders Fear $8K Target

Bitcoin price is trading below $10,000 and a further pullback could drive price even lower. | Source: Shutterstock By CCN… Read More

3 hours ago

Mark Carney’s Dollar-Killer Digital Currency Threatens Bitcoin

Mark Carney, governor of the Bank of England (BOE), has a plan to challenge the dollar's dominance. | Source: Photo… Read More

3 hours ago

Crypto Funds Are Outperforming – You Shouldn’t Be Surprised

Josh Gnaizda is the founder of Crypto Fund Research . It’s one of the worst-kept secrets in the alternative investment… Read More

3 hours ago

FTC Settles With Promoters of Multi-Level Marketing Crypto Scheme

The U.S. Federal Trade Commission (FTC), has settled charges it filed last year against four promoters of crypto-denominated multi-level marketing… Read More

3 hours ago

Ethereum moves closer to Istanbul hard fork as Geth and Pantheon merge all improvement protocols

While Ethereum is on its way to shifting from Proof-of-Work to Proof-of-Stake, the developer community is currently engaged with the… Read More

3 hours ago

Binance Research: Too early to rule out Ethereum blockchain competitors

Binance Research, the market research and analysis arm of Binance, has published a report on tokenization and the key factors… Read More

3 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More