Cryptocurrency Coalition to Pay D.C. Lobbyists in Digital Coins
- Ripple, other firms aim to keep rules from hurting innovation
- Pay plan gives lobbyists upside and risk, Ripple’s Larsen says
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A group of financial technology companies is banding together to lobby lawmakers and regulators on cryptocurrencies -- and they plan to pay their Washington advocates partly in digital coins.
The firms, all based in the San Francisco area, include digital money transfer company Ripple and several startups. They’re announcing Thursday that they’ve started a coalition and are retaining the Klein/Johnson Group, a bipartisan lobby shop that specializes in technology and financial services issues.