A group of crypto industry numbers launched a nonprofit lobbying arm to engage in US policies and the public on digital asset issues.
A nonprofit organization led by significant numbers in the cryptocurrency and blockchain industry has launched with the aim of educating policy manufacturers and encouraging public advocacy.
On Tuesday, the American Innovation Project (AIP), a 501 (C) (3) organization based in Washington, DC, Debuted The planning “connect policy manufacturers, industry heads, and experts to come up with understanding emerging technologies,” with AI and Blockchain.
Kristin Smith, president of the Solana Policy Institute, will lead the Board of New Association Directors, also consisting of executives from the Blockchain Association, Paradigm, Digital Currency Group and Coinbase.
“The American Innovation Project has been established to protect dialogue regardless of partisan contact, so we can bridge divides and work together to advance our country,” Smith said.
AIP joined many other US-based organizations that fell in the last nine months, following many lawmakers who were considered “pro-crypto” who won their election in 2024 to fill the government. Among them are the National Cryptocurrency Association (NCA), supported by the Ripple Labs, the Solana Policy Institute, which Launched in Marchand the Defi Education Foundation, an initiative of the Defi Education Fund.
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Regarding funding, nonprofit reported that the digital currency group contributed $ 1 million, and the Cedar Innovation Foundation – A Dark money group With at least one figure associated with the Fairshake Political Action Committee – gave an unknown value towards seed funding. The other donors include Andreessen Horowitz, Cryptocurrency Exchange Kraken, stand with crypto and uniswap labs.
“Our mission is simple, but urgent: we must equip the American leaders with the knowledge, context, and tools they need as they consider the timely policies and regulations that meet the moment and account for a rapid emerging technological scene,” Smith said.
Large events occur in Wyoming
Some members of the AIP board, including US lawmakers and industry leaders, attended the Wyoming Blockchain Symposium at the Jackson Hole this week.
The organization said it would hold a “off-record” summit on Thursday, which is a figurative bridal gap between the symposium dedicated to the crypto and the Jackson Hole Economic Policy Symposium hosted at the Federal Reserve Bank of Kansas City, starting the same day.
Among those attending the Wyoming Blockchain Symposium were Senate Banking Committee Chair Tim Scott, who offered a preview of the Chamber’s plans to pass a market structure bill in September.
Security Chairman and Exchange Commission Paul Atkins also responded to the crowd on Tuesday, suggesting that under his leadership, the agency will make a different approach In treating tokens as security.
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