The blockchain lobby in the US is growing rapidly. Since 2017, the number of crypto-technology lobby companies in Washington DC has tripled. Already last fall, there were attacks by some prominent companies, including Ripple and Coinbase, to form interest groups in the US capital. In particular, it is important to increase the influence on decisions of the SEC.
According to a March 18 report by Political media Politico, the number of cryptocurrency and blockchain lobbying companies in Washington tripled from a dozen in 2017 to 33 in the final quarter of 2018.
The aim of the crypto-lobbyists is to make the legal measures to regulate the young Bitcoin ecosystem through expert knowledge and networking as favorable as possible for the companies in the industry. Stakeholders always emphasize that they welcome regulation per se and are against evading the legal system. Therefore, they want to develop a legal framework for blockchain technology that can be sustainable and efficient.