Crypto Chaos: Chainlink Labs and Co. Join Blockchain Association – Oh, the Irony! 🤑

by

In the world of crypto, where trust is as elusive as a honest politician, the Blockchain Association, an esteemed US-based advocacy group, has announced a mind-boggling membership milestone! 🤯

On a sunny Thursday, the Association trumpeted that it had roped in 16 new members, swelling its ranks to nearly 100! Some of the illustrious newbies include Chainlink Labs, Zcash Foundation, Uniswap Foundation, Polymer Labs, Jito, Flow Traders, Alchemy, FalconX, and Sky Mavis, among others. 🤝

Kristin Smith, the Association’s CEO, cheerily declared, “Their addition comes at a pivotal moment in the digital asset industry, as we continue to champion the digital asset industry in Washington and strive for wise, enduring policy to ensure American crypto innovation can blossom!” 🌱

With the Blockchain Association’s membership burgeoning under the pro-crypto regime of President Donald Trump, more lawmakers are cozying up to the cryptocurrency and blockchain communities to stay politically relevant. 🏛️

Dan Spuller, Senior Director of Industry Affairs, boasted, “Our record-breaking membership growth reaffirms that Blockchain Association is the go-to force for the crypto industry in Washington, D.C. While others blabber, we take action – propelling policy forward, molding the regulatory landscape, and ensuring that innovation encounters opportunity, not obstacles!” 🚧

Blockchain Association’s Notable Impact on Crypto

Since its inception in 2018, the Blockchain Association has expanded in tandem with the cryptocurrency industry. The organization has significantly influenced the industry’s operations, especially in the United States. 🗽

The Association has been challenging the IRS’s broker definition, which forces DeFi protocols and crypto wallets to report tax returns. They’ve been pressuring the current US Congress to repeal the measure, which could squash the Web3 space in the country. 😳

In the Ripple vs. SEC lawsuit, the Association has lambasted the SEC for its regulation by enforcement. Under the Trump administration, the current US SEC has established measures to ensure laws passed by Congress are implemented in favor of the blockchain and crypto industry, fostering liquidity creation and protecting retail investors. 💸

The organization has also advocated for the independence of Web3 developers following the Tornado Cash attack in the United States. Meanwhile, they’ve been collaborating with active legislators to enhance crypto education through their annual policy summits. 🎓

Read More

2025-02-21 01:47