Coinbase and Circle Join New Effort to Shape Blockchain, Bitcoin and Crypto Policies

Several companies in the crypto industry, including Coinbase and Circle, have formed the Blockchain Association, a new trade association to advocate on behalf of the industry. The group will lobby in Washington, D.C. for policies and regulations that protect the value of decentralized, permissionless blockchains and the many solutions that are being built to expand the cryptocurrency ecosystem.

The association aims to create a pro-innovation environment that can meet the growing global demand for accessible, transparent and democratic financial and technical systems. According to the announcement,

“To do that, we’ll foster collaboration between the community and industry leaders, educate policymakers and the public on the benefits of blockchain and related technologies, and advocate for public policy that cultivates and enables innovation and improves lives.”

Founding members include Coinbase, Protocol Labs, Circle, Inter/Stellar, Digital Currency Group and Polychain Capital.

The first hire is Kristin McKenzie Smith who will serve as director of external affairs at the Blockchain Association. Smith is a former congressional aide on Capitol Hill where she focused on technology policy. She also serves as an alumni advisor to NYU’s Blockchain and Digital Asset Forum.

The group will work alongside Coin Center, a non-profit focused on Bitcoin and crypto policy issues.

“Our mission is to create an open financial system for the world. There are not clearly defined rules in this industry, which means we have an opportunity to help write them,” says Brian Armstrong, CEO of Coinbase.

The Blockchain Association is accepting new members here.

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