The Bitcoin Foundation Prepares for Legal Battles with a Troop of Lawyers
Facing a lot of condemnation from the government agencies and authorities for a breach of law and regulation, The Bitcoin Foundation has recruited lawyers who will be coordinating and engaging with regulators across the country.
Initially there will be three legal committees to guide and help businesses and individuals dealing in Bitcoin. The lawyers at the organization will proactively interact and engage with government agencies to educate them on Bitcoin.
The Three Committees
Whereas the Regulatory Affairs Committee will be headed by Marco Santori, Brian Klein will be the chairman of the Legal Defense Committee. The Law and Policy Steering Committee will be headed by Mike Hearn. All three of the committees are aiming to interact and engage authorities, agencies and people in the various States in the US to enlighten them about Bitcoin’s operation and aims.
Efforts to Bring Bitcoin to the Mainstream
Hither to, the government agencies consider that Bitcoin is encouraging contraband activities as there is no transparency regarding the transactions. To them Bitcoin is being used for money laundering, smuggling of weapons and drugs, etc. However, now with the three committees, the Bitcoin Foundation is trying to meet people and ensure all the voices are heard.
Mr. Santori to Play Vital Role
Mr. Santori’s team will be focusing on the regulatory landscape and what are their implications for Bitcoin. His team will be creating and administering a legal defence fund and a legal defence process consequently. On the other hand, the Mike Hearn led team will be formulating a set of arguments and talking points to educate lawmakers and regulators in the US.
His team will also help the government to improve existing laws and regulations that do not undermine Bitcoin’s interests and at the same time Bitcoin does not violate any law.