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Cryptocurrency advocacy group Coin Center secures $1M from new and existing supporters

Coin Center, a leading non-profit research and advocacy center focused on cryptocurrency and decentralized computing technologies, has announced that it has raised more than $1 million to fund its operations in 2017.

Executive director Jerry Brito made the announcement in a blog post. In early 2016, the organization raised over $1 million to fund its operations.

According to the blog post, the organization raised the new funding over the past month, with contributions from existing supporters like 21, Andreessen Horowitz, BitPay, BitFury, BitGo, Blockchain, Blockstack, Blockstream, Chainalysis, Circle, Coinbase, Digital Currency Group, Elliptic, Genesis Trading, Grayscale Investments, Netki, Overstock, Ribbit Capital, Union Square Ventures, Xapo and Zcash, as well as new supporters including Abra, Bitso, ConsenSys, Lightning, OB1, Ripple, ShapeShift, and SolidX.

It is incredibly gratifying to know that such an amazing and diverse group has such great confidence in us, Brito said.

Since its inception in 2014, Coin Center has not only developed a rich body ofeducational materialsand in-depthpolicy research, but it also has a full-fledged government affairs and advocacy program.

Coin Centerworked with the Uniform Law Commissionto help draft a rational model act for state licensing, and has alsoengaged with the OCC as it develops a new national fintech charter. The organization was also instrumental in the formation of the newCongressional Blockchain Caucus, and hasproposed federal safe harbor legislationfor non-custodial uses of cryptocurrency.

We believe our work benefits not just everyone in the cryptocurrency space, but everyone in the world who will benefit from the society-changing advances this technology promisesif it is allowed to develop freely, Brito said.

Coin Center will be hosting the2017 Coin Center Annual Dinner, a fundraising gala, on 22 May 2017 in New York.

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Cryptocurrency advocacy group Coin Center secures $1M from new and existing supporters - EconoTimes