United States-based trade group Blockchain Association announced Monday that it had formed a political action committee, to be called BA PAC, thus joining an industry trend to attempt to exert greater influence on candidates as they approach the midterm elections in November.
The Blockchain Association, founded in 2019, has 90 members, according to its website, which include many of the leading names in the industry. Binance is a notable exception, as it withdrew from the association in April to lobby Congress on its own. The association’s stated aim is “to educate policymakers, courts, law enforcement, and the public about crypto networks[,] ledgers and the need for regulatory clarity.”
Association director Kristin Smith said in a tweet:
“BA PAC is a bat signal for lawmakers: crypto is here for good and we will support candidates who share that vision.”
Smith promised a nonpartisan selection process for the pro-crypto candidates the Blockchain Association will support.
2/ BA PAC...
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