Last year, there were reports that the payment giant was paying lobbyists to focus on the growing digital currency bitcoin, according to federal lobbying disclosure records, The Hill reported. NY state governor Andrew Cuomo, signed into law the ‘Digital Currency Study Bill’ (A8783B/S9013) this week, but no report will be forthcoming until as late as December 15, 2020, so any legislature emerging from the task force is far from imminent. [ad_1] Crypto is on the march, and not just in terms of market price. Not only does data indicate that the number of ID-verified users of cryptocurrency doubled over 2018, but there are various other metrics that suggest that adoption is gaining traction. As many as 84% of companies worldwide are involved with blockchain-based technologies in some … In a bid to carry out their agendas, crypto firms have turned to lobbying. Citing statistics from the Federal Electoral Commission (FEC), news platform Roll Call reported that fintech firms spent $42 million as lobbying expenses in Q1 in 2019 alone.. The report considered the lobbying efforts of firms such as U.S.-based cryptocurrency exchange Coinbase, Bitcoin payment app Square, MasterCard ... Falcon Global Capital has filed to register lobbyists on Capitol Hill in an effort to further “education and understanding of bitcoin and other crypto-graphic based currencies”. - Facebook has hired the lobbying firm FS Vector to support their digital currency interests on Capitol Hill. - Lead lobbyist named is John Collins, previous head of policy at Coinbase. Facebook is attempting to push back on the negative press and regulatory pressure coming from Capitol Hill by hiring a lobbying firm to support their digital currency libra. Will bitcoin (BTC) move beyond “digital gold”? Is ether (ETH) viable as money? In 24 charts, CoinDesk Research shows what happened to crypto assets in Q1 2020 and examines what may emerge in the future. Download our Q1 analysis here, and join us on April 15 for a webinar discussing our findings and other relevant... This entry was posted in banking, bitcoin, Bitcoin News, Cryptocurrency, Fortune 500, Kroger, Mastercard, Morgan Creek Digital, News, pixaby, US, virtual currency, Visa on March 6, 2019 by adminbtc. Bank Outages Show System Vulnerabilities Bitcoin Users Avoid
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