New crypto group grades lawmakers’ industry friendliness
By HAILEY FUCHS and CAITLIN OPRYSKO
09/08/2022 06:16 PM EDT
Presented by
With Daniel Lippman
NEW CRYPTO GROUP, FIRST IN PI: A new 501(c)(4) has launched a nearly six-figure campaign to promote cryptocurrency and urge lawmakers to support pro-crypto policies.
— Crypto Action Network, which declined to provide details about its donors, will launch digital ads on a number of websites and apps, primarily those in news, politics and technology. The ads have already begun appearing in D.C., Tennessee, Minnesota, North Carolina, Florida, Michigan, and Pennsylvania.
— The group is the latest crypto advocacy organization that has popped up to influence lawmakers in Washington, as Congress scrambles to understand and regulate the emerging fintech industry. The quickly burgeoning field of crypto advocacy in D.C., meanwhile, has provided K Street a boon in new business.
— Crypto Action Network has also launched a report card for lawmakers...
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