Blockchain Association
Recent News About Blockchain Association
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The Blockchain Association has issued a statement following the IRS's finalization of the broker rule. Marisa Coppel, Head of Legal at the Blockchain Association, commented on the decision:
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Washington, D.C., (May 22, 2024) – The Blockchain Association, a prominent trade association for the cryptocurrency and blockchain technology industry, has acknowledged the bipartisan passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) by the U.S. House of Representatives.
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On April 29, 2024, the Blockchain Association made a significant move by submitting a comment to the Department of Commerce's proposed rule regarding measures to tackle malicious cyber-enabled activities. In the comment letter, the Blockchain Association highlighted the critical importance of addressing these activities that threaten national security.In their statement, the Blockchain Association emphasized the severity of the issue, stating, "Malicious cyber-enabled activities pose a genuine threat to national security, and BA stands as a resource for regulators seeking...
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Blockchain Association CEO Kristin Smith expressed strong support for Consensys in their legal battle against the Securities and Exchange Commission (SEC). Smith stated, "Blockchain Association – and the entire digital asset ecosystem – stands shoulder to shoulder with Consensys as they take the fight to the SEC, challenging the Commission’s ever-expanding overreach and aggression."Smith emphasized the significance of Consensys' lawsuit in defending the Ethereum ecosystem, highlighting its role as a platform for numerous innovations, including stablecoins. She pointed out...
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Blockchain Association and Crypto Freedom Alliance of Texas Challenge SEC's "Dealer Rule" in LawsuitThe Blockchain Association (BA) and the Crypto Freedom Alliance of Texas (CFAT) have taken legal action against the Securities and Exchange Commission (SEC) by filing a lawsuit in the Northern District of Texas. The lawsuit aims to challenge the SEC's "Dealer Rule" expansion, which the plaintiffs argue poses a threat to the American digital asset industry and innovation.According to the complaint, the SEC's expansion of the Dealer Rule is deemed unlawful and arbitrary, violating the Administrative Procedure Act (APA). The rulemaking process was criticized for lacking...
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The Blockchain Association has voiced its support for the newly introduced Lummis-Gillibrand Payment Stablecoin Act. In a statement released on Apr 17 2024, Blockchain Association CEO Kristin Smith expressed appreciation for the bipartisan effort put forth by Sens. Lummis and Gillibrand in addressing a legislative gap in the digital asset ecosystem.Smith stated, “We appreciate their bipartisan approach to address a legislative gap in the digital asset ecosystem. Blockchain Association is ready – supported by the expertise of our members – to provide feedback and we look...
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Washington, D.C. (April 5, 2024) – The Blockchain Association (BA) has taken a stand in the legal battle between the United States Department of Justice and Tornado Cash developers Roman Storm and Roman Semenov by filing an amicus brief in United States v. Storm.The amicus brief filed by the Blockchain Association highlights concerns about the indictment filed against the Tornado Cash developers. The brief asserts that the prosecution has failed to sufficiently plead facts supporting its unlicensed money transmitter charge. According to the Blockchain Association, the...
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Washington, D.C. (March 27, 2024) – The Blockchain Association's Head of Legal, Marisa Coppel, addressed the recent developments in the legal battle between the Securities and Exchange Commission (SEC) and Coinbase.Coppel stated, “Today’s ruling in the coinbase suit marks an important step toward providing clarity for the U.S. digital asset industry. We are glad to see the Court affirm that tokens alone are not securities and also correct the SEC’s mischaracterization of Coinbase Wallet, finding that this technology does not fall within the U.S. securities laws."She...