Industry-Backed Advocacy Group to Help Bitcoin Reach to Policy Makers

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Industry-Backed Advocacy Group to Help Bitcoin Reach to Policy Makers

Coin Center is expected to work as an industry-backed advocacy group for Bitcoin. The statement regarding this came from Jerry Brito, a law professor who was until recently the head of the technology policy program at George Mason’s Mercatus Center. He said that he would be joining Coin Center very soon.

He admitted that Coin Center is a new non-profit research and advocacy center focused on the public policy issues facing cryptocurrency technologies. Talking to media professionals Brito said that the mission of the organization is to build a better understanding of these technologies and to promote a regulatory climate that preserves maximum freedom of action for digital currency innovation.

The Coin Center Will Have a Budget of More than One Million Dollars

Writing in the shop’s founding letter Brito said that he will do this by producing and publishing policy research from respected academics and experts, educating policymakers and the media about block chain technology, and by engaging in advocacy for sound public policy. According to him Coin Center will have an annual budget of more than $1 million.

Brito informed that the organization will get contributions from venture capitalists like Andreessen Horowitz, Union Square Ventures, and RRE Ventures and Bitcoin-tied firms like BitPay, Coinbase, and Xapo. According to him board members will include innovator and entrepreneur Marc Andreessen.

Some other people who will be included in the list of board members include Andreessen Horowitz partner Balaji Srinivasan, Bitcoin developer Jeff Garzik, Hudson River Trading partner Alex Morcos, and Stanford business professor Susan Athey. The group according to sources is a little bit Electronic Frontier Foundation founded in 1990.

Working towards Helping Bitcoin Reach to New Sections

Nonetheless, as this according to him is going to be dedicated to defending the rights in the digital world and a little bit P2P Ride-Share coalition. Brito is of view that the group that popped up in February to help companies like Lyft in the regulatory fights they’re waging in cities across the country, will be able to do the job well.

The industry-backed group is going to work towards making the digital currency popular without breaking any laws or regulations of the land. This has become even more important than ever as the NYDFS has come up with the guidelines to regulate the digital currency. The Coin Center can help Bitcoin clear the challenges with ease.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com