Some individuals from the crypto industry have formed a nonprofit lobbying organization to engage with U.S. policymakers and the public on digital asset issues.
The organization is called the American Innovation Project (AIP), headquartered in Washington D.C., aimed at educating policymakers and promoting public advocacy.
On Tuesday, the American Innovation Project (AIP) was officially established, aiming to 'connect policymakers, industry leaders, and experts to build an understanding of emerging technologies, including artificial intelligence and blockchain.'
Kristin Smith, Chair of the Solana Policy Research Institute, will lead the organization's board, with other members from the Blockchain Association, Paradigm, Digital Currency Group, and Coinbase.
Smith stated: 'The purpose of establishing the American Innovation Project is to transcend partisan limits and facilitate dialogue for the common advancement of the nation.'
The nonprofit organization received a $1 million donation from the Digital Currency Group, while the Cedar Innovation Foundation also provided startup funding. Other donors include Andreessen Horowitz and the cryptocurrency exchange Kraken.
Important events are happening in Wyoming
This week, members of the board of the American Innovation Project attended a blockchain seminar in Jackson Hole with U.S. legislators and industry leaders.
Senate Banking Committee Chair Tim Scott also attended the seminar, forecasting plans to pass the market structure bill in September.
Securities and Exchange Commission Chairman Paul Atkins also spoke at the meeting, suggesting a different approach to treating tokens as securities.