Crypto-focused lobby groups in Washington, D.C. are playing an increasingly vital role in reorienting policymakers away from the view that virtual currencies are used primarily for illegal transactions. Now, they are preparing for potentially their biggest battle yet.
Blockchain Association, an industry trade group representing crypto firms, has added ten members to its brass since December 2020, bringing its total to 34. Kristin Smith, the group’s executive director, told Bloomberg that her members are extremely concerned about federal regulators clamping down on the industry over misplaced fears.
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