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. "I've been spending a lot of time doing a lot of the basic education work in this space,” said Smith, who is expected to guide the trade group through its early steps. Policymakers have been confronted in recent months with an array of cryptocurrency issues as investors have flocked to bitcoin and other virtual currencies. To see the rise of a purpose-specific trade group is a sign of the industry's growing maturity, he added. But probably more importantly for us, a lot of folks project 'trade association' onto Coin Center, and we're decidedly not that.

Source: Washington Post September 11, 2018 19:33 UTC