Binance.US Quits Blockchain Association

Binance.US, the American arm of the world’s largest crypto exchange by trading volume, is leaving crypto industry’s key lobbying organization Blockchain Association to set up its own government affairs team.

Binance.US cited differences in “values, goals and standards” as reasons for its departure from the blockchain lobby group.

The crypto exchange’s American arm is reportedly establishing its own government affairs team in Washington, D.C., which cited a company spokesperson as saying: “We believe it’s time we had a clear voice with meaningful impact in the emerging policy debates around digital assets and cryptocurrencies in Washington.”

In a statement, the Blockchain Association, which has over 80 member companies, said it “wishes Binance.US the best of luck as they build out their operation in Washington.”

Around two years ago, rival firm Coinbase, also left the Association after the group accepted Binance.US as a member.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Binance.US blockchain association Biannce.US Blockchain Association

Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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