2 years ago
The Blockchain Association has expanded operations to the authorities of New York, adding a 2nd bureau successful the state’s superior of Albany.
The enlargement comes arsenic the crypto commercialized association, which is headquartered successful Washington, D.C., is taking steps to get much progressive successful regularisation astatine the authorities level.
New York has emerged arsenic the halfway of the U.S. crypto industry, but regulatory challenges including the BitLicense – a peculiar licence required to bash concern arsenic a crypto institution successful New York that is hard and costly to get – and ongoing efforts astatine the authorities level to halt crypto mining successful the state, person been a situation for galore companies seeking to bash concern successful New York.
John Olsen, who has been hired to pb the Blockchain Association’s New York office, told CoinDesk educating authorities legislators is his archetypal priority.
“We are present to commencement establishing a presence, forming relationships and educating legislators and policymakers astir blockchain and the cryptocurrency industry,” Olsen said.
Lack of education, according to Olsen, is the biggest menace to New York’s crypto industry.
“We person existing authorities close present successful the signifier of a moratorium measure which would prohibition crypto mining successful New York for 3 years,” Olsen said. “I deliberation that’s really gained much momentum than it should have, due to the fact that there’s nary 1 truly from the manufacture advocating the benefits of some blockchain and crypto.”
Before his assignment by the Blockchain Association, Olsen served arsenic elder vice president of authorities authorities affairs for the Internet Association, a since-dissolved lobbying radical based successful D.C. that advocated for Web 2 companies including Google, Microsoft and Facebook.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Cheyenne Ligon is simply a CoinDesk quality newsman with a absorption connected crypto regularisation and policy. She has nary important crypto holdings.
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