{"id":35324,"date":"2021-01-25T19:59:35","date_gmt":"2021-01-25T17:59:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35324"},"modified":"2025-08-29T00:47:52","modified_gmt":"2025-08-28T21:47:52","slug":"grayscale-investments-donates-1-million-to-coin-center-to-defend-crypto-industry-interests","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/grayscale-investments-donates-1-million-to-coin-center-to-defend-crypto-industry-interests\/","title":{"rendered":"Grayscale Investments donates $1 million to Coin Center to defend crypto-industry interests."},"content":{"rendered":"<p>Grayscale Investments, the asset-management firm, donated $1 million to Coin Center, the advocacy and policy group for the cryptocurrency industry.<\/p>\n<p>\\n<\/p>\n<p><!--more--><\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/JoinTheMatch?src=hash&#038;ref_src=twsrc%5Etfw\\\">#JoinTheMatch<\/a>: We\u2019re donating $1 million to <a href=\\\"https:\/\/twitter.com\/coincenter?ref_src=twsrc%5Etfw\\\">@coincenter<\/a> and pledging to match up to an additional $1 million in donations through the month of February.<\/p>\n<p>\\n<\/p>\n<p>You can match our donation here. \u2b07\ufe0f<a href=\\\"https:\/\/t.co\/pNf6wNoCPi\\\">https:\/\/t.co\/pNf6wNoCPi<\/a> <a href=\\\"https:\/\/t.co\/Ptsiz6RIs2\\\">pic.twitter.com\/Ptsiz6RIs2<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Grayscale (@Grayscale) <a href=\\\"https:\/\/twitter.com\/Grayscale\/status\/1353708116475568128?ref_src=twsrc%5Etfw\\\">January 25, 2021<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<p>The firm also pledged to raise up to $1 million in donations during February 2021.<\/p>\n<p>\\n<\/p>\n<p>Grayscale chief Michael Sonnenshein called support for sensible regulation the responsibility of all players in the cryptocurrency industry. He said Coin Center had played a key role in pushing back against the Trump administration&#8217;s proposed user-verification measures for non-custodial wallets.<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Recently, Coin Center played a key role in correcting issues in proposed rulemaking by FinCEN that would have had serious negative consequences for self-hosted wallet users and the digital currency industry at large.<\/p>\n<p>\\n<\/p>\n<p>\u2014 Michael Sonnenshein (@Sonnenshein) <a href=\\\"https:\/\/twitter.com\/Sonnenshein\/status\/1353704848009662464?ref_src=twsrc%5Etfw\\\">January 25, 2021<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/p>\n<p>Regulatory changes <a href=\"https:\/\/forklog.com\/en\/news\/fincen-to-tighten-anti-money-laundering-rules-amid-rising-threats\">proposed the collection<\/a> of personal information about counterparties to deals and transactions of cryptocurrency companies. Representatives of a16z, Coinbase and Square&#8217;s CEO Jack Dorsey called these norms <a href=\"https:\/\/forklog.com\/en\/news\/jack-dorsey-a16z-and-coinbase-criticise-fincens-proposed-industry-regulation-rules\">devastating for the cryptocurrency industry<\/a>.<\/p>\n<p>\\n<\/p>\n<p>Back on January 21, 2021, U.S. President Joe Biden <a href=\"https:\/\/forklog.com\/en\/news\/biden-freezes-proposed-fincen-rules-regulating-the-cryptocurrency-industry\">froze<\/a> the rollout of the initiative.<\/p>\n<p>\\n<\/p>\n<p>In 2018 Coin Center received $1 million in donations from the cryptocurrency exchange Kraken.<\/p>\n<p>\\n<\/p>\n<p>Back on January 18, Grayscale increased the Bitcoin Trust by <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-reports-record-daily-inflow-of-16244-btc-into-bitcoin-trust\">16 244 BTC<\/a> worth nearly $600 million. Over the week the company raised <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-bitcoin-trust-pulls-in-a-record-1-2-billion-in-a-week\">record $1.2 billion<\/a> for the fund.<\/p>\n<p>\\n<\/p>\n<p>Follow ForkLog on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 the full feed of news, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale Investments, the asset-management firm, donated $1 million to Coin Center, the advocacy and policy group for the cryptocurrency industry.<\/p>\n","protected":false},"author":1,"featured_media":35325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[306,1510,943],"class_list":["post-35324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charity","tag-coin-center","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=35324"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35324\/revisions"}],"predecessor-version":[{"id":35326,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35324\/revisions\/35326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/35325"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=35324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=35324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=35324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}