In the fourth quarter of 2017, just a dozen cryptocurrency and blockchain companies paid for lobbying their interests in Washington. During 2018, their number almost tripled - to 33 organizations, according to Politico.
Thus, venture division of retail giant Overstock.com - Medici Ventures - hired three companies at once (Thompson Coburn, Venable and Scrivner Leon Group) to defend their interests and develop a comfortable regulation of the new technology. In particular, the company wants to see a clearer position of the Securities and Exchange Commission (SEC) on a number of issues.
What’s driven a lot of the growth in lobbying recently has been securities regulation.
Executive director, Coin Center
Note that Coin Center has been lobbying the interests of the industry since 2014. The organization is currently working with congressmen Warren Davidson and Darren Soto to create legislation for digital tokens.
The Klein / Johnson Group, representing the interests of the organization Securing America’s Internet of Value Coalition, led by Ripple, also attracts the attention of members of the US Congress to the blockchain technology and cryptocurrencies.
Recall in a similar activity Blockchain Association is involved in, the launch of which took place in September last year. It includes such industry giants as Coinbase, Digital Currency Group, Polychain Capital and Protocol Labs.