Five Big Issues Are Keeping Cryptocurrency Lobbyists Restless
- Lobbyists say policies from Congress and the White House might shake up the crypto world.
- Officials need to understand how cryptocurrency works before trying to regulate it, lobbyists say.
- Lobbyists say their job entails educating lawmakers and officials about this emerging market.
The social-media frenzy surrounding bitcoin and recent cryptocurrency-focused
ransomware
attacks has prompted lawmakers and government regulators to seriously consider regulating this emerging market.
In response, cryptocurrency advocates and associations have strengthened their political influence efforts by sending more lobbyists to Washington, DC, to persuade lawmakers and regulators on certain proposals.
Lobbyists tell Insider they’re paying particularly close attention to Congress, the Treasury Department, and White House executive orders regarding digital assets.
Here are five top issues that lobbyists say could shake up the cryptocurrency world before the end of the year and drastically change how people buy and sell bitcoin and altcoins:
