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• Binance.US withdraws from the Blockchain Association
• Coinbase left two years ago
• Binance.US plans to set up its own government affairs office
Blockchain Association spokesman confirms Binance.US exit
Binance.US is leaving the Blockchain Association, CoinDesk reported in mid-April. A person close to Binance.US stated, “Binance.US made a major investment in the Blockchain Association last year. Our executives recently negotiated in good faith with executives of the Blockchain Association to expand Binance.US’ role within the group to strengthen. But after several discussions, we finally realized that our values, goals and standards are not completely aligned.” Binance.US only joined the Blockchain Association in mid-August. Blockchain Association spokesman Curtis Kincaid confirmed the split from Binance.US via email, according to CoinDesk.
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Binance.US is the US subsidiary of the market-leading crypto platform Binance, which was banned in the US in 2019. The Blockchain Association is committed to ensuring that legislation in the United States gives blockchain networks greater scope for action.
Exact reasons for the exit were not given
It is not known what different values, goals and standards are the reason why Binance.US left the Blockchain Association. As CoinDesk reports, the crypto platform Coinbase also separated from the Blockchain Association in 2020 shortly after Binance.US joined: There are contradictions between its own goals and those of the Blockchain Association. It is unclear whether Coinbase’s decision is related to Binance.US – Coinbase did not name the competition as a reason for leaving the Blockchain Association.
Binance.US wants to set up its own office for government affairs
“The resources that we [für die Blockchain Association] are now being used for efforts aligned with Binance.US’ political agenda in Washington and state capitals across the country,” the Binance.US associate told CoinDesk. A spokesman for the company also stated, ” We are excited to create our own Government Affairs team in DC to actively engage in direct and constructive dialogue with US policymakers around meaningful regulation that inspires clarity and trust, and empowers American innovation and leadership to make a difference in the crypto space. Industry to flourish.” An exact date for the opening of the new office in Washington has not yet been announced – just as little as Binance, Binance.US or the Blockchain Association have commented on their websites at the end of April.
Exact plans of Binance.US not yet known
The Blockchain Association, meanwhile, is unimpressed by the decision of the crypto platform. CThe Blockchain Association wishes Binance.US the best of luck as they establish their Washington operations,” Blockchain Association spokesman Curtis Kincaid told CoinDesk, stating that the Blockchain Association currently has “more than 80 of the most prominent corporations, investors, infrastructure companies and projects of the American crypto economy” among its members.
It remains to be seen what steps Binance.US will take in the coming weeks and months to set up its own office in Washington.
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