RATE Group | Get ready for Big Bitcoin: Cryptocurrency industry opens a D.C. lobbying arm
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Get ready for Big Bitcoin: Cryptocurrency industry opens a D.C. lobbying arm

11 Sep Get ready for Big Bitcoin: Cryptocurrency industry opens a D.C. lobbying arm

Posted at 20:21h in Cryptocurrency News by

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(J. Scott Applewhite/AP)

Brian Fung

Policy reporter focusing on telecommunications, media, cryptocurrencies and competition

The price of bitcoin may be down compared with last year’s meteoric heights. But industry officials aren’t waiting for the next spike in investor demand to launch a charm offensive targeting federal lawmakers and regulators who’ve taken an interest in cryptocurrencies.

Tech veterans and a number of high-profile cryptocurrency companies on Tuesday said they are forming the Blockchain Association, the first fully fledged lobbying group in Washington representing entrepreneurs and investors who are building off the technology behind bitcoin.

Joining the initial push are companies such as Coinbase and Circle, which operate some of the world’s most popular virtual currency exchanges, as well as the technology start-up Protocol Labs. Investors, such as Digital Currency Group and Polychain Capital, are also among the…

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