Crypto Leaders Intensify Lobbying Efforts With Allegations On US Lawmakers
The US Securities and Exchange Commission (SEC) has passed through pressures from the legislative arm; the tension increased as the SEC devised measures for crypto regulations earning displeasure from different people, especially the lawmakers. The lawmakers are now scrutinizing the watchdog. Also, they’ve noted the increasing lobbying activities from the crypto space in the past […]
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Much like other activity in the digital asset space, crypto lobbying has been picking up during the past year. Interaction between the cryptocurrency industry and Capitol Hill is becoming ever more intensive as efforts to regulate crypto grow in tandem with its popularity. The surge in crypto industry lobbying last year was given some concrete parameters in February by crypto analytics startup Crypto Head. It released a report showing that the crypto companies that spent the most money on lobbying in 2021 were Robinhood, Ripple Labs, Coinbase and the Blockchain Association. These....
Harvard lecturer Bruce Schneier said in a report that blockchain is not secure and not really decentralized. Anti-crypto technology experts urged United States lawmakers to resist the influence of pro-crypto lobbying efforts. Bruce Schneier, a lecturer at Harvard, reportedly said that blockchain advocates's claims are "not true." He added that the technology is not secure and not really decentralized. According to Schneier, systems where you can "lose your life savings" when you forget your password is “not a safe system.” Along with other computer scientists and academics, Schneier signed....
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....
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....
The crypto exchange declared it spent $120,000 on lobbying activities in the U.S. in the third and fourth quarters of 2021. The Crypto Council for Innovation, or CCI, has announced that Gemini will be joining its list of crypto-friendly firms aimed at supporting lawmakers on related regulation.In a Thursday announcement, the CCI said that effective as of this week Gemini has joined Coinbase, Block, Fidelity Digital Assets, Paradigm, and others in an effort to “help accelerate [the group’s] growth and global leadership,” according to CEO Sheila Warren. Gemini head of policy and regulatory....