Bitcoin Industry Launches Lobbying Group to Promote Crypto in D.C.

Over the last few weeks, there has been a decline in the price of bitcoin compared to the previous year’s meteoric heights. This has not stopped industry officials from launching a charm offensive targeting federal lawmakers and regulators, per a Washington Post report.

Several high-profile cryptocurrency companies and tech veterans in the nation are forming an industry lobbying group called the Blockchain Association, to tackle issues related to the technology and digital assets central to them. The trade association will be the first group in Washington representing all parties (entrepreneur and investors) who are building off the technology behind bitcoin.

Popular crypto exchanges like Coinbase and Circle are joining the initial push as founding members, as well as technology startups such as Filecoin creator Protocol Labs and investment funds like Polychain Capital and others.

The Blockchain Association plans to be the industry’s lobbying arm in Washington on policy…