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Grayscale Investments donated $ 1 million to protect the interests of the cryptocurrency industry

Asset manager Grayscale Investments has donated $ 1 million to Coin Center, an organization to promote and protect the interests of the cryptocurrency industry.

The company also promised to raise up to $ 1 million in donations during February 2021.

Grayscale CEO Michael Sonnenschein called supporting prudent regulation the responsibility of all representatives of the cryptocurrency industry. According to him, Coin Center played a key role in the fight against the measures proposed by the Donald Trump administration to verify users of non-custodial wallets.

Regulatory changes involved the collection of personal information about the parties to transactions and transactions of clients of cryptocurrency companies. Representatives of a16z, Coinbase and Square CEO Jack Dorsey called these regulations disastrous for the cryptocurrency industry.

On January 21, 2021, US President Joe Biden froze the initiative.

In 2018, Coin Center received $ 1 million in donations from the Kraken cryptocurrency exchange.

Recall that on January 18, Grayscale increased the assets of Bitcoin Trust by 16,244 BTC worth almost $ 600 million. Over the week, the company raised a record $ 1.2 billion to the fund.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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