Crypto Industry Lobbying Group Created in USA

Crypto Industry Lobbying Group Created in USA

How Lobbying Became A $3.5 Billion Industry


In the United States, the Blockchain Association has been formed, formed by representatives of cryptocurrency and experienced technology companies. Its main task will be to address important issues related to technology and virtual assets..

It is the first organization in the United States to advance the interests of blockchain and cryptocurrency related businesses. Among the first participants in the will are representatives of crypto-exchanges, start-ups and investment funds. The idea was originally proposed by executives from Coinbase, Circle, Polychain Capital, and Filecoin.

Crypto Industry Lobbying Group Created in USA

The blockchain association plans to lobby for the interests of only those companies that seek to operate in accordance with legal regulations, and not bypass them. First of all, the organization will consider the issues of determining and accounting for virtual currencies from the point of view of tax legislation, and will explain the rules for combating money laundering and methods of identification according to KYC standards..

In fact, the created group is an analogue of the Russian RACIB, which has existed for almost a year. BA members say their goal is to bring together leading companies that strive to develop an effective regulatory framework that can stand the test of time.

Russia is still developing legislative norms to regulate the cryptoindustry, but invests 2.8 trillion rubles in the digital economy.

text: Ivan Malichenko, photo: Hayernaysor