Today, we are excited to finally announce that we will join the Board of the Blockchain Advocacy Coalition to provide education and support to state and federal legislators on the future of blockchain technology. The Blockchain Advocacy Coalition is the first of its kind to work with US government officials to increase the adoption of cryptocurrency in the United States.
Cred, with the BAC, will be at the forefront in drafting legislation that will enable the next generation of banking and lending capabilities on the blockchain. In the United States, regulators and legislators are looking for the right standards to set and Cred is pleased to be a part of this process in determining proper use cases and future models.
“These pioneering blockchain organizations are at the cusp of innovation. By working closely with policymakers and regulators, our board members will help develop thoughtful policy initiatives that support innovation in the blockchain industry and benefit the U.S. economy.
The Blockchain Advocacy Coalition has taken the time to build relationships in Sacramento with policymakers, regulatory bodies, and officeholders. California has half of the nation’s cryptocurrency and blockchain industry, a share that will increase as more positive legislation passes. The state is uniquely well-positioned to lead the nation on regulation that supports blockchain innovation, and we are here to make sure it’s done right. Thoughtful legislation passed here can serve as a model for the federal government and other states.”
“We’re pleased to be working with the Blockchain Advocacy Group to help policymakers understand and advocate for crypto and blockchain friendly policies,” said Dan Schatt, Co-founder of Cred and the Universal Protocol Alliance.
“Our mission is to offer a more equitable, transparent and inclusive set of financial services through blockchain technology. Helping Sacramento and Washington understand the policy implications with this new technology will ensure that it can be prioritized accordingly.”
“California has always been a place for innovation and opportunity, and SB 838 shows how we can use technology to increase consumer protection and help prevent cases of fraud,” said Senator Hertzberg (D-Van Nuys). “That it was signed into law is a great testament to the work being done around the state by folks like the Blockchain Advocacy Coalition to advance this rapidly growing technology.”
About the Blockchain Advocacy Coalition
The Blockchain Advocacy Coalition is committed to educating legislators and regulators about blockchain technology and advancing regulations that support innovation. Blockchain Advocacy Coalition supports political advocacy that directly benefits the blockchain and cryptocurrency industry and allows its members to gain access and insight into local, state and federal level politics, and to connect with other businesses that share these values.
Read the original press release on Business Wire here.