Bitcoin Advocacy Group Coin Center Collects $1 Million in New Contributions

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Washington, DC-based non-profit analysis and advocacy group Coin Center has raised greater than $1m in new funding, the group introduced this week.

Coin Center launched in 2014 with the goal of teaching policymakers in the political coronary heart of the US. The organisation, which kicked off with $1m in preliminary funding, has since focused on a spread of analysis and coverage initiatives in and across the nation’s capital.

Contributing to the most recent spherical of donations had been a gaggle of present supporters and a few new ones, together with business startups Abra, Bitso, ConsenSys, Lightning, OB1, Ripple, ShapeShift and SolidX, in addition to various undisclosed people.

According to a blog post penned by government director Jerry Brito, the funding will likely be used in half to additional gasoline Coin Center’s advocacy efforts.

A fundraising gala will likely be held in New York City in May to lift further funds, organized in conjunction with CoinDesk’s Consensus 2017 blockchain business convention.

Brito wrote:

“Your support of Coin Center – at any level – keeps our work going and helps keep the technology free and open. Thanks to all our current and future supporters.”

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which is a contributor to Coin Center.

Image by way of Shutterstock

AdvocacyCoin CenterFundingUS governmentWashington DC

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