Blockchain lobby group presents a ‘unified voice’ for the industry

September 12, 2018
Chris Wheal

Capitol Hill welcomed on Tuesday a new lobby group that represents the blockchain industry in the US, according to a blog post on Medium.

New lobby group representing the US blockchain and digital asset sectors

The Blockchain Association – calling itself “a unified voice for the blockchain industry” – is comprised of a group of US-based blockchain and crypto companies that include San Francisco-based exchange Coinbase, fintech start-up Protocol Labs and investment firm Polychain Capital.

Addressing policy issues

The lobby group will be located in the capital, and will represent the interests of investors, entrepreneurs and established companies in the blockchain and digital asset sectors, addressing US fiscal and government policy issues that impact the industry.

Regulatory compliance issues will also be represented by the group, which will work alongside lawmakers on anti-money laundering (AML) and know your customer (KYC) policy development.

The Blockchain Association wrote on in a blog post on Medium: “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.”

Engaging with regulators

It added that its immediate goal was to engage directly with elected officials and regulators, create campaigns that engage the blockchain industry and build coalitions with other organisations to “create a broader, co-ordinated community”.

It concluded: “As a community, we’re committed to being thoughtful, creative, and unified. Working together, we will see the adoption of policies that will unlock the potential of our ecosystem.”

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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