There isn’t any doubt that big companies like VISA and MasterCard have troops of lobbyists in Washington, D.C. looking after their interests.
But a San Diego-based investment firm that focuses exclusively on bitcoin — Falcon Global Capital — is working to even the balance of power.
Company managing director Brett Stapper has moved to file paperwork (as of 22 May) to lobby Congress and other federal agencies, according to an LD-1 disclosure, a form used to register as a lobby.
According to the form, specific lobbying issues include the “Education and understanding of Bitcoin and other crypto-graphic based currencies.”
So, what does Falcon Global Capital do on the business sides of things? Here’s a description, as provided on their website:
The move makes sense. As multi-national firms have their own interests to protect on Capitol Hill, so does Falcon — which at the same time will hopefully benefit the bitcoin community.
After all, as bitcoin continues its spectacular growth, there will be (no doubt) entities that will try their hardest to bring it down.
Certainly, what Congress needs is education and understanding on bitcoin.
Not terribly long ago, Virginia Senator Joe Manchin (D) demanded that federal regulators ban bitcoin due to the potential of it being used for illicit practices.
Colleague Jared Polis, a Representative from Colorado, fired back by demanding a U.S. dollar ban, for the very same reasons.
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