U.S. Blockchain Political Action Committee Announces Launch, Will Work to Advance Blockchain and Cryptocurrency Innovation


Nov. 12 ,The U.S. Blockchain Political Action Committee (PAC) announced its official launch and plans to raise $300 million to advance and support current and future innovation in digital assets and blockchain in the United States. The U.S. Blockchain PAC seeks to advance U.S. innovation and dominance by challenging all proposed federal legislation, including the bipartisan Infrastructure Investment and Jobs Act (2021), which would impose a regressive tax on cryptocurrency exchanges, digital asset transfers, miners, node operators, bitcoin ATM operators, and software developers.