Coin Center raises $1 million for 2016 operations, announces new supporters

We are pleased to announce that over the past month Coin Center has raised over $1 million to fund its 2016 operations.

At Coin Center, our mission is to make sure that policymakers understand the workings and implications of cryptocurrency, and to ensure that the technology remains as free of unnecessary regulation as possible. We believe our work benefits not just everyone in the cryptocurrency space, but everyone in the world who will benefit from the society-changing advances this technology promises—if it is allowed to develop freely.

Since our inception in 2014, we have developed a rich body of educational materials and in-­depth policy research to serve as the basis for an effort to advocate for smart regulation that we have rigorously led. Since the first of the year alone we have released backgrounders on the distinctions between permissioned and permissionless blockchains, released a major new framework for thinking about how securities law applies to cryptocurrencies, and released an updated state regulatory tracker. We also don’t just publish research. We have a full-fledged government affairs and advocacy program, and since the beginning of the year we have met with, briefed, and successfully lobbied senior policymakers in Congress, at several state regulatory agencies, several state attorneys general, and federal agencies as well; and we’re just getting started. There’s no-one doing more serious work on regulatory issues than Coin Center.

Our work, however, would not be possible without the support of people and firms who care deeply about this technology and what it could mean for the world. So I’m very pleased to announce that over the past month Coin Center has raised over $1 million to fund its 2016 operations. We are very happy to have existing supporters like Andreessen Horowitz, BitPay, BitFury, BitGo, Chain, Coinbase, Ledger, OKLink, Ribbit Capital, Union Square Ventures, and Xapo continue their support of our work, and are thrilled to announce new support from 21, Bitstamp, Blockstream, Digital Currency Group, Gem, Genesis Global Trading, Grayscale Investments, Netki, Onename,, and Virtual Capital Ventures, as well as several very generous private individuals. It is incredibly gratifying to know that such an amazing and diverse group has such great confidence in us.

Preserving the freedom to innovate with cryptocurrency technology is something that benefits us all, so it’s also great to see that the effort to do that has a broad and growing base of support—and we hope you can join that effort too. Your support of Coin Center—at any level—keeps our work going and helps keep the technology free and open. Thanks to all our current and future supporters.