Cryptocurrency industry opens lobbying firm to sell DC on blockchain
The firm wants to guide lawmakers as they navigate issues related to cybersecurity, consumer protection and regulation.
Marrian ZhouStaff Reporter
Marrian Zhou is a Beijing-born Californian living in New York City. She joined CNET as a staff reporter upon graduation from Columbia Journalism School. When Marrian is not reporting, she is probably binge watching, playing saxophone or eating hot pot.
The Blockchain Association was launched Tuesday in Washington, DC, and will serve as the "unified voice of the blockchain ecosystem." It's essentially a lobbying firm for digital currencies and other
"Innovation moves faster than policy, and we've seen many blockchain-based frameworks with great potential that don't fit neatly within existing statutory and regulatory frameworks," the firm said in a blog post. "The unique characteristics of the token economy require an evolved environment that supports our members."
The founding members of the Blockchain Association include Coinbase, Protocol Labs, Circle, Digital Currency Group and Polychain Capital. The firm is still hiring staff and will develop a membership system for the rest of the industry in the next few months. Companies that want to join will pay a fee based on their stage of development.
Coinbase, Circle, Digital Currency Group and Polychain Capital didn't immediately respond to requests for comment.
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