Binance.US leaves Blockchain Association to form own DC government affairs team

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Binance.US announced today that it is cre­at­ing a team in Wash­ing­ton to engage with law­mak­ers on dig­i­tal asset pol­i­cy. Simul­ta­ne­ous­ly, it has with­drawn from the advo­ca­cy group Blockchain Asso­ci­a­tion. Both orga­ni­za­tions sides have been tight-lipped about the split, com­ment­ing pub­licly only with short statements.

A Binance.US spokesper­son told Coin­tele­graph, “We believe it’s time we had a clear voice with mean­ing­ful impact in the emerg­ing pol­i­cy debates around dig­i­tal assets and cryp­tocur­ren­cies in Wash­ing­ton. We are excit­ed to estab­lish our own Gov­ern­ment Affairs team in D.C. to active­ly engage in direct and con­struc­tive dia­logue with U.S. pol­i­cy­mak­ers on smart reg­u­la­tion that increas­es clar­i­ty and trust, while allow­ing Amer­i­can inno­va­tion and lead­er­ship to flour­ish in crypto.”

Binance founder Chang­peng Zhao, also known as CZ, com­ment­ed in Twit­ter on April 11 on a March report by Pub­lic Cit­i­zen in which Binance was not list­ed among the top ten cryp­to-focused lob­by­ists in 2021, not­ing the com­pa­ny’s absence. Blockchain was ranked third in that list.

Binance.US joined the Blockchain Asso­ci­a­tion in August 2020, and found­ing mem­ber and Binance com­peti­tor Coin­base left short­ly after­ward. 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 spokesman Kin­caid told Coin­tele­graph, “The Blockchain Asso­ci­a­tion wish­es Binance.US the best of luck as they build out their oper­a­tion in Wash­ing­ton. […] [T]he Blockchain Asso­ci­a­tion will con­tin­ue to build on its strong track record in 2022 to advance the shared goals of the cryp­to ecosys­tem and ensure Amer­i­ca remains at the fore­front of tech­no­log­i­cal innovation.”



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