Crypto Firms Hire Lobbyists to Influence Washington

Cryptocurrency companies are increasingly seeking to engage with the new administration in Washington, D.C., hiring well-connected lobbyists and policy experts to strengthen their influence. According to sources familiar with the matter, several prominent cryptocurrency firms, including Uniswap, IOHK, Kraken, Jump Trading, and the Solana Foundation, are actively recruiting candidates who can leverage relationships with both the Trump administration and lawmakers on Capitol Hill.

Leading Bitcoin mining firm Riot Blockchain Inc. is hiring a Director of Public Policy and Manager to work under the leadership of its current Washington Director of Public Policy, Brian Morgenstern. Meanwhile, cryptocurrency startup Ondo Finance is recruiting for its first policy position, with the Chief Policy Officer role including responsibilities such as building and maintaining relationships with government regulatory bodies, including the SEC, CFTC, and Treasury Department.

As the digital asset industry continues to grow and evolve, cryptocurrency companies are recognizing the importance of engaging with policymakers and regulatory bodies to shape the future of the industry. By hiring experienced lobbyists and policy experts, these companies aim to stay informed about and influence the development of regulations and policies that could impact their businesses.

The cryptocurrency industry has faced challenges in the past, including regulatory uncertainty and market volatility. However, as the industry matures and gains wider acceptance, companies are increasingly focusing on building relationships with policymakers and other stakeholders to ensure a favorable regulatory environment. This trend is likely to continue as the industry grows and evolves, with companies seeking to protect their interests and promote the development of the digital asset ecosystem.