Washington, D.C. based think tank Coin Center received a $ 1 million donation from Grayscale Investments.
Grayscale said on Monday that in addition to the direct donation, it will make an additional donation of up to $ 1 million to the crypto policy focused firm.
“We are delighted with Grayscale’s generous commitment and the ongoing commitment of many other people and companies that support us,” Jerry Brito, Managing Director of Coin Center, said. said.
The donation comes as activities on the US government’s crypto policy front continue to increase. Coin Center played an important role in ranking opposition to the Trump administration’s proposed wallet regulations announced last month, and in particular the shortened public comment period. The future of this proposal is now uncertain, given the recent moves of the new Biden administration.
Indeed, Grayscale’s donation came just days after a new administration took power in Washington, D.C. However, new faces are coming to the head of relevant institutions such as the Securities and Exchange Commission and the Commodity Futures Trading Commission. Recent developments show that these agencies will be led by policy makers with past experience in the crypto space.
“We are here to make sure that there is a voice for open, unauthorized cryptocurrency networks that are public property that everyone enjoys in Washington,” said Brito. “The funds we collect are critical to helping our team do everything we can to ensure the ecosystem continues to mature and grow.”