Binance.US today announced that it will create a team in Washington to collaborate with lawmakers on digital asset policy. At the same time, it has withdrawn from the Blockchain Association advocacy group. Both organizations have remained aloof from the split, commenting publicly with only brief statements.
A Binance.US spokesperson told Cointelegraph:
“We believe it is time to have a clear voice with meaningful impact on the emerging political debates around digital assets and cryptocurrency in Washington. We are excited to establish our own Government Affairs team in DC to actively engage in direct dialogue. and constructive with US policymakers on smart regulation that increases clarity and trust, while allowing American innovation and leadership to flourish in the crypto space.”
The founder of Binance, Changpeng Zhao, also known as CZ, commented on Twitter on April 11 a March report by Public Citizen that Binance was not listed among the top ten crypto-focused lobbyists in 2021, signaling the absence of the company. Blockchain was third on that list.
Damn, looks like we need to do our share…
Source: https://t.co/zjOVFOaT98. pic.twitter.com/eqGiUbs2hx
— CZ Binance (@cz_binance) April 11, 2022
Damn, looks like we need to do our part.
Binance.US joined the Blockchain Association in August 2020, with founding member and Binance competitor Coinbase leaving soon after. The Blockchain Association currently has “more than 80” members, according to Blockchain Association spokesperson Curtis Kincaid, although the website lists 78 member organizations.
Blockchain Association spokesperson Kincaid told Cointelegraph: “The Blockchain Association wishes Binance.US the best of luck as it builds its Washington operation. […] The Blockchain Association will continue to build on its strong track record in 2022 to advance the shared goals of the cryptocurrency ecosystem and ensure that the United States remains at the forefront of technological innovation.”
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