Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
At the group's website, people can easily reach out to policymakers and learn about politicians' crypto views. So far, 80,000 have given money to keep Stand With Crypto rolling, clearing the $2 million mark, said Nick Carr, the organization's chief strategist. Half of that funding is from single donor Brian Armstrong, Coinbase's CEO.
The donations are meant to help grow the policy-influencing functions of the group's site, including artificial-intelligence-aided outreach to lawmakers and information portals showing where elected officials stand on crypto. The group is also planning more in-person events, Carr said. "Centralized lobbying is not going to get it done in Washington," said Kara Calvert, head of U.S. policy for Coinbase, in an interview.
As in every congressional calendar, it pays to watch the budget bills that need to pass – most notably, the plan for defense spending – to see if crypto legislation gets attached at the 11th hour. At the moment, a House bill on stablecoin regulation has some bipartisan support, and in the aftermath of headlines linking Hamas to crypto donations, legislation stiffening industry money-laundering protections may also have momentum.
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