Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck looms The blockchain industry is looking to shed the negative association between digital assets and crime as the threat of additional regulatory oversight looms. 4947 Total views News
Crypto-focused lobbying groups in Washington, DC are playing an increasingly vital role in reorienting policymakers away from the view that digital currencies are used primarily for illegal transactions. Now, they are preparing for, potentially, their biggest battle yet.
The Blockchain Association, an industry trade group representing crypto firms, has added 10 members to its brass since December 2020, bringing its total to 34. Kristin Smith, the group’s executive director, told Bloomberg that the association s members are extremely concerned about federal regulators clamping down on the industry over misplaced fears.