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New groups scramble to speak for blockchain

Dec. 14, 2018
By Walt Williams

Few technology trends are as hot at the moment as blockchain and cryptocurrency—a fact not lost on those who want to represent the emerging industry.

At least five blockchain and cryptocurrency associations have been announced since March. While they have somewhat different missions, the groups all want to advocate for an industry that has so far escaped rigorous regulatory scrutiny, although that is quickly changing.

“It has been the case that digital assets don’t fit neatly into regulatory buckets—currency, personal property, securities, commodities,” said Seth London, spokesman for the Association for Digital Asset Markets, which was announced in November.