Number of Crypto Lobbying Firms Tripled in 2018

For example, Medici Ventures (part of Overstock) hired 3 companies to defend their interests and develop a comfortable regulation of the new technology
19 March 2019   320

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.
 

Jerry Brito

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.

1st Alternative Zcash Client to be Created by Parity

The responsibility for the continued development and support of the new client called Zebra will be with the Zcash Foundation
18 June 2019   126

The leading developer of solutions for the Ethereum ecosystem, Parity Technologies, presented the first alternative client for cryptocurrency Zcash.

A new client called Zebra is designed to improve the security of the Zcash network. So, if the original Zcashd client will not be able to operate for some reason, the blockchain will be supported by nodes on Zebra.

In addition, with the help of an alternative client, developers will be able to identify bugs and eliminate defects in consensus.

The community wins across the board, as there are now more core developers working on clients, with more interests represented and clients taking different approaches on how to build apps on top. Zcash can now boast a more diversified community that can effectively tailor experiences for Layer 2 developers as well as end-users.
 

Fredrik Harryson
CTO, Parity Technologies

The responsibility for the continued development and support of the Zebra will be with the Zcash Foundation.