• Latest
Blockchain Firms Create Lobby Group in Washington, D.C.

Blockchain Firms Create Lobby Group in Washington, D.C.

September 20, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Alt Coin

Blockchain Firms Create Lobby Group in Washington, D.C.

coinnewsdaily by coinnewsdaily
September 20, 2018
in Alt Coin
0
Blockchain Firms Create Lobby Group in Washington, D.C.
191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022

Some of the largest groups in the blockchain space have organized a lobby group in Washington, D.C. This group, named the Blockchain Association, is a registered non-profit and seeks to be a unified voice for blockchain interests. Members of the organization include Coinbase and Circle, as well as a number of private investment groups.

Although a myriad of blockchain-based interest groups exist, this is the first fully-fledged organization designed to exert political influence. More specifically, the group’s website states that it intends to “advance trust, transparency, safety, and innovation through distributed technologies and services.” Given the recent growth of the entire blockchain sector, the formation of such a group is not surprising. Nevertheless, the group will have challenges, as U.S. lawmakers remain staunchly opposed to legitimizing cryptocurrencies, which is an inevitable step in embracing blockchain technology.

The Blockchain Association also has a nuanced, and arguably controversial, position on how mainstream adoption should take place. The group openly encourages government regulation, and seeks to cooperate with central authorities. In an interview with The Washington Post, Coinbase’s Chief Legal & Risk Officer Mike Lempres stated:

“The Blockchain Association is an effort to get the preeminent companies in the space together so [policymakers] know the’re hearing from companies that welcome regulation when it’s appropriate.” This stance will likely raise the ire of many blockchain advocates, who view the technology as a tool for freeing individuals from government intrusion.

Lobbying interests have also formed in other nations. For example, last year, when the Reserve Bank of India took a position hostile to cryptocurrency, a number of India’s largest crypto companies created the Blockchain and Virtual Currency Association of India to push for policy change. Lobby groups also operate in Britain, Germany, and Canada.

There is no doubt that lawmakers would be-well served by becoming better educated on blockchain, and to that end lobby groups can play a positive role. Nevertheless, groups such as the Blockchain Association are first and foremost representatives of their members. Thus, they are all but certain to press for policies that would benefit their specific interests, even if it is to the detriment of other players in the blockchain space. Thus, other groups are also needed to promote the technology.

The Blockchain Association is likely to be the first of many such lobby groups that become active in Washington over the next few years. Distributed ledger platforms will soon play a key role in virtually every major institutional sector. Thus, lawmakers will have no choice but to address them. With this action will come those that seek to exert influence. The Blockchain Association has yet to come forward with a specific set of policies that it favors, but it is expected to promote support for research, legal recognition of distributed applications and smart contracts, and clarification of crypto assets for tax purposes. Many more blockchain and crypto-based companies and organizations are also expected to join over the next few months.

 

Featured Image via BigStock.

Credit: Source link

Tags: Alt CoinAltcoinGermanyMike Lempresthe reserve bank of indiaWashingtonWashington D.C.
Share76Tweet48
Previous Post

Provably Fair, Unstoppable & Serverless Blockchain Gaming Platform

Next Post

Quick Brew? BitFury’s Coffee Machine Accepts Bitcoin Via Lightning Network

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum
Alt Coin

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
things you should know before investing in nfts
Alt Coin

Things You Should Know Before Investing in NFTs

April 24, 2022
Load More
Next Post
Quick Brew? BitFury’s Coffee Machine Accepts Bitcoin Via Lightning Network

Quick Brew? BitFury's Coffee Machine Accepts Bitcoin Via Lightning Network

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,020.00-0.53%
  • ethereumEthereum(ETH)$1,577.95-0.77%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$307.230.16%
  • rippleXRP(XRP)$0.4110970.34%
  • cardanoCardano(ADA)$0.3863531.18%
  • dogecoinDogecoin(DOGE)$0.0887462.54%
  • matic-networkPolygon(MATIC)$1.15-1.79%
  • okbOKB(OKB)$39.499.14%
  • solanaSolana(SOL)$24.14-0.14%
  • polkadotPolkadot(DOT)$6.45-0.19%
  • shiba-inuShiba Inu(SHIB)$0.0000122.07%
  • litecoinLitecoin(LTC)$88.190.18%
  • tronTRON(TRX)$0.062553-0.54%
  • daiDai(DAI)$1.00-0.04%
  • cosmosCosmos Hub(ATOM)$13.331.15%
  • chainlinkChainlink(LINK)$7.25-0.55%
  • leo-tokenLEO Token(LEO)$3.79-1.17%
  • moneroMonero(XMR)$182.103.27%
  • ethereum-classicEthereum Classic(ETC)$21.80-0.13%
  • bitcoin-cashBitcoin Cash(BCH)$132.81-1.95%
  • stellarStellar(XLM)$0.0927970.46%
  • crypto-com-chainCronos(CRO)$0.080866-0.19%
  • filecoinFilecoin(FIL)$5.28-1.49%
  • algorandAlgorand(ALGO)$0.2559701.26%
  • vechainVeChain(VET)$0.024000-2.05%
  • internet-computerInternet Computer(ICP)$5.93-1.67%
  • aaveAave(AAVE)$84.54-3.94%
  • eosEOS(EOS)$1.09-2.60%
  • elrond-erd-2MultiversX(EGLD)$44.49-0.01%
  • theta-tokenTheta Network(THETA)$1.09-2.90%
  • tezosTezos(XTZ)$1.10-1.44%
  • paxos-standardPax Dollar(USDP)$1.00-0.19%
  • bitcoin-cash-svBitcoin SV(BSV)$43.45-1.54%
  • huobi-tokenHuobi(HT)$5.090.55%
  • havvenSynthetix Network(SNX)$2.46-3.17%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.99-0.12%
  • iotaIOTA(MIOTA)$0.236310-2.45%
  • makerMaker(MKR)$659.280.04%
  • zcashZcash(ZEC)$45.36-1.91%
  • neoNEO(NEO)$8.20-0.76%
  • dashDash(DASH)$50.54-1.25%
  • zilliqaZilliqa(ZIL)$0.0296272.46%
  • compound-governance-tokenCompound(COMP)$56.50-1.06%
  • basic-attention-tokenBasic Attention(BAT)$0.259866-1.61%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.038735-2.84%
  • kusamaKusama(KSM)$36.451.25%
  • bitcoin-goldBitcoin Gold(BTG)$17.15-1.43%
  • wavesWaves(WAVES)$2.83-1.85%
  • qtumQtum(QTUM)$2.63-2.54%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • sushiSushi(SUSHI)$1.30-1.90%
  • yearn-financeyearn.finance(YFI)$7,622.01-0.24%
  • golemGolem(GLM)$0.2470380.39%
  • omisegoOMG Network(OMG)$1.48-0.12%
  • ontologyOntology(ONT)$0.213990-2.39%
  • digibyteDigiByte(DGB)$0.010707-3.09%
  • umaUMA(UMA)$2.04-0.97%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%