{"id":4860,"date":"2022-06-11T22:51:49","date_gmt":"2022-06-11T22:51:49","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=4860"},"modified":"2022-06-11T22:51:50","modified_gmt":"2022-06-11T22:51:50","slug":"blockfi-hires-lobbyists-to-streamline-talks-with-policymakers","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=4860","title":{"rendered":"BlockFi hires lobbyists to streamline talks with policymakers"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/> \ud83d\udc4b Want to work with us? CryptoSlate is hiring for a handful of positions!<\/p>\n<p>Renowned crypto lending platform BlockFi has hired lobbyists from Arnold &amp; Porter Kaye Scholer LLP to work on regulatory and tax policy for financial service providers in digital assets, Reuters reported.<\/p>\n<p>BlockFi has created a five-person policy team with Arnold &amp; Porter. The team features Arnold &amp; Porter Partner Mark Epley and Kevin O\u2019Neill, the Legislative and Public Policy Practice Group Chair at the law and lobbying firm.<\/p>\n<p>By acquiring the services of Arnold &amp; Porter, BlockFi has become the latest crypto firm to hire lobbyists.<\/p>\n<p>According to Epley, Arnold &amp; Porter would help serve as BlockFi\u2019s alter ego, helping the company discuss industry interests with lawmakers.<\/p>\n<p>He pointed out that policymakers are not interested in hearing from individual players in the market, but lobbyists can help in such talks. Epley disclosed that although Arnold &amp; Porter has other clients interested in crypto, it is currently not lobbying for any other company.<\/p>\n<h2>Increasing efforts to get on the same page with lawmakers<\/h2>\n<p>A BlockFi spokesperson said:<\/p>\n<p>BlockFi believes that key to the success of the industry is appropriate regulation.<\/p>\n<p>The spokesperson added that the company is eager to work with policymakers to help define the regulatory and tax environment for digital assets.<\/p>\n<p>This news comes after BlockFi agreed to pay $100 million to the U.S Securities Exchange Commission (SEC) and 32 states after failing to register its lending product. This fine set the record as the highest penalty a crypto firm has ever paid. The SEC took $50 million of the $100 million.<\/p>\n<p>Apart from BlockFi, multiple crypto companies are involved in lobbying. These include Coinbase, Ripple Labs, Blockchain Association, Stellar Development, Chamber of Digital Commerce, Coincenter, and Coinflip, to mention a few.<\/p>\n<p>In 2021, crypto companies spent a whopping $9 million in lobbying activities. Coinbase, Ripple Labs, and Blockchain Association were the top donors, with Coinbase spending $1.5 million. Ripple Labs came next, spending $1.1 million. On the other hand, Blockchain Associated parted with $900,000.<\/p>\n<h2>Get an Edge on the Crypto Market \ud83d\udc47<\/h2>\n<p>Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/blockfi-hires-arnold-porter-lobbyists-to-streamline-talks-with-policymakers\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udc4b Want to work with us? CryptoSlate is hiring for a handful of positions! Renowned crypto lending platform BlockFi has hired lobbyists from Arnold &amp; Porter Kaye Scholer LLP to work on regulatory and tax policy for financial service providers in digital assets, Reuters reported. BlockFi has created a five-person policy team with Arnold &amp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-4860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4860"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4860\/revisions"}],"predecessor-version":[{"id":4862,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4860\/revisions\/4862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/4861"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}