Bitcoin Foundation Hires Lobbying Muscle Power
The Bitcoin Foundation just might be looking to up their game when it comes to their doings in the nation's capital. A report from the Wall Street Journal indicates that the Foundation has hired a lobbying firm to serve as their political muscle power on Capitol Hill. The firm, Thorsen French Advocacy, is led by two former bipartisan congressional staffers, according to WSJ. Their responsibilities are clear enough: give bitcoin a good name. Global Policy Counsel at the Foundation, Jim Harper, says the firm will build "a reservoir of goodwill that we can deploy when we need to avert a....
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The Bitcoin Foundation has stepped up its US lobbying efforts by hiring Washington, DC-based firm Thorsen French Advocacy. The announcement from the Foundation represents perhaps the most high-profile bitcoin lobbying effort to date. In May, Falcon Global Capital hired a lobbying firm to work with Congress, joining Peck Madigan Jones and other companies who are pushing legislators on the topic of digital currency. Thorsen French Advocacy, founded in 2010, is led by Alec French and Carl Thorsen. The two long-time legislative officials have served in various legal capacities within the US....
In a recent press release, the Bitcoin Foundation announced that they have retained Thorsen French Advocacy as an outside lobbying firm to represent the Bitcoin Foundation's interests in Washington. Thorsen French Advocacy is run by Alec French and Carl Thorsen, long time professional acquaintances of Jim Harper, the Bitcoin Foundation's Global Policy Counsel. French is a former counsel for the Democratic House Judiciary Committee, and Thorsen was general counsel to a Justice Department official and the House majority leader during the second Bush Administration. The Bitcoin Foundation....
The Bitcoin Foundation has been ramping up its lobbying efforts in the US since July, most notably with the hiring of Washington, DC-based firm Thorsen French Advocacy. Now, the organisation is making a similar push to promote the digital currency in Europe. The foundation announced today that it has retained regulatory expert Monica Monaco to directly promote the digital currency with political leaders and policymakers in the European Union (EU). This is the first time the an external expert has been directly hired in this way in the EU, where the foundation normally relies on the....
Bitmain, one of bitcoin’s biggest miners with a current hash-share of around 15% of the network, is to launch a new giant mining facility this December with 45 rooms, independent substations, offices and a total size of 140,000 kilowatts. By some calculations, that translates to around 45% of the network hash-share, but it is not clear whether the new facilities are simply for a relocation or to accommodate additional mining power. Regardless, Bitmain is a vast company and one of the few miners that provides full services for the entire mining cycle. They hire researchers to discover new....
Per the latest in lobbying disclosures, Ripple Labs shelled out for its lobbying on legislation looking to change the treatment of crypto under securities laws. Ripple Labs spent $690,000 on lobbying in the United States in 2020, which still didn't save the firm from the Securities and Exchange Commission.Per legally mandated disclosures for 2020, Ripple's lobbying program dwarfed those of other firms in the crypto industry. Coinbase, which looks to become the first American crypto exchange to issue public shares, spent $230,000 over the same year, while other exchanges like Binance.US,....