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Grayscale Investments continues to add to the growth of the cryptocurrency industry through its investment trust funds and numerous contributions.

To increase the foundational knowledge of the cryptocurrency industry and promote wider adoption, Grayscale Investments has donated $1 Million to cryptocurrency advocacy group Coin Center. 

Grayscale Pledges $1 Million to Coin Center For Improving “Foundational Knowledge” in Crypto

As announced on Monday, the donation to the United States trusted crypto advocacy group Coin Center would help advance the industry. The investment firm also pledged to match the contributions up to $1 Million. The Donate and Match program is similar to what Kraken did in 2018 and raised more than $3 million for the Coin Center. Coin Center has been instrumental in pivoting the various issues that have an impact on the cryptocurrency ecosystem.

The firm also noted that the Crypto advocacy group has strongly commented and contributed to checking the proposed rules by the FinCEN, which would have impacted the crypto industry to a great extent. Coin Center can be a highly powerful tool to foster ideas and propel the concept of cryptocurrency to the real world. The advocacy group has emerged as one of the strongest and reliable entities to focus on the convergence of public policymaking and its impact on cryptocurrency space. Grayscale has come forward to contribute to the cryptocurrency industry’s growth and adoption by supporting Coin Center. 

Grayscale believes that lawmakers need to have the “foundational knowledge” about cryptocurrency in order to diligently make decisions. The firm considers that Education is the biggest challenge and the most significant challenge and opportunity for our industry when it comes to policymakers.”

The executive director  at Coin Center, Jerry Britto, said, ” We exist to ensure that there’s a voice in Washington for open, permissionless cryptocurrency networks, which are public goods from which everyone benefits.”

Coin Center is the most reliable and trusted crypto advocacy group. The group would continue to focus on advancing financial privacy and sensible tax policy. The director of communications at Coin Center, Neeraj Agrawal, said that there is immense support from the industry and community, which astonishes him. And the group will utilize the funds to represent the cryptocurrencies in Washington DC.

Disclaimer

The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

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