Blockchain Association Raises $4M to Grow Its Presence on Capitol Hill

Blockchain Association Raises M to Grow Its Presence on Capitol Hill
The Blockchain Association, one of the crypto industry’s largest lobbying groups, raised $4 million in new funding.Crypto exchange Kraken and Digital Currency Group (CoinDesk’s parent company) both contributed $1 million. Filecoin Foundation contributed $2 million with the promise of an additional $2 million donation later, if the Blockchain Association can raise an equivalent amount through outside funding, the group announced Thursday.The funding round comes as policymakers in Washington, D.C., are weighing a host of potential regulations for the crypto industry, including possible modifications to crypto-focused provisions in the recently passed bipartisan infrastructure bill.Kristin Smith, the executive director of the Blockchain…