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Ripple Leads Crypto Coalition Seeking Gov't Oversight Encouraging Crypto, Blockchain | Cell Phone Spy and Mobile Tracking Software
A crypto coalition led by Ripple plans to pay D.C. lobbyists to impact the government's stance on cryptocurrencies. Ripple will lead a group of crypto startups to lobby lawmakers and financial regulators in D.C. to support crypto and blockchain innovation, Bloomberg reported on Thursday, September 27.According to the report, the coalition of San-Francisco-based crypto firms is planning to pay Klein/Johnson Group, a bipartisan lobby group, to assist the crypto and blockchain community in conveying to regulators that the industry needs support from the government.The new group, called the Securing America's Internet of Value Coalition, aims to soften the government's stance in order to encourage innovation and support competition in the ecosystem of global crypto markets.The coalition, together with the lobby group, will raise issues with Congress, as well as the Securities and Exchange Commission (SEC), the Internal Revenue Service (IRS), and other agencies that have relations to