Thursday, April 22, 2021

Cryptocurrency Think Tanks Gaining Influence in Washington

While crypto-art is now funding think tanks, several entities that are being called cryptocurrency think tanks have have been garnering more attention recently.

One example is the Cryptor Foundation, which bills itself as the first crypto-related think tank and endowment fund formally based on bitcoin.

Swiss-based 2B4CH is often described as a cryptocurrency think tank, as is the Washington, DC-based Coin Center, which was launched in 2014.

Here is more from Bloomberg about Coin Center's recent activities: 

Coin Center, a Washington-based think tank and cryptocurrency advocacy group, since December has garnered more than $300,000 through a fundraising drive with mostly individual donors contributing small amounts of cryptocurrency. It also received $2 million from crypto-investment firm Grayscale Investments LLC and $1 million from Twitter-founder Jack Dorsey, whose other firm, Square Inc., recently made a $30 million investment in Bitcoin.

Coin Center executive director Jerry Brito said that, for now, his group is saving the money as a war chest in case it needs to fight a larger lobbying battle or file a lawsuit over the new regulations.


Here is more about Coin Center's Executive Director Jerry Brito.

There is also the Toronto-based Blockchain Research Institute (BRI), which does work on cryptocurrencies.

As the number of crypto-related think tanks increase, crypto-related lobbying activity is also increasing.

Think Tank Watch will be watching closely to see if think tanks start snapping up virtual real estate and creating their own virtual think tanks.