Log in

News

Crypto lobby group gains support to fight claims of criminals’ currency

Updated: Jul 25, 2024
Published: Apr 6, 2021
0
Share:

Cryptocurrencies have long been associated with criminals. The anonymous nature of cryptocurrencies is the reason why some criminals prefer to use them. However, a lobby group in the United States is gaining support as it looks to fight the criminals’ currency narrative.

Post Feature Image

Crypto lobby group garners support

The Blockchain Association, one of the leading cryptocurrency lobby groups, said it has been gaining support in recent months and is looking to fight the narrative that cryptocurrencies are the currency for criminals.

According to a Bloomberg report earlier today, the lobby group stated that it increased its membership and raised millions of dollars to help improve the crypto sector’s image. Blockchain Association executive director Kristin Smith stated that some of the proposed rules would hamper the growth of the cryptocurrency space.

She added that the regulations would put heavy surveillance burdens on cryptocurrency investors and operators of crypto networks, making it tough for some services to remain decentralized. If that happens, then the entire point of cryptocurrencies, which is decentralization, would be eliminated.

Over the past four months, the Blockchain Association has added ten members and now has 34 members. The association was created less than three years ago and has already doubled its number of employees.

Smith added that Blockchain Association members, including Binance and Ripple Labs, have extensively discussed raising funds to ensure they boost hiring and buy advertising to polish Bitcoin’s image.

More crypto groups raise funds to boost the industry image

The work to lift Bitcoin’s image is not left to the Blockchain Association alone. Coin Center, a Washington-based cryptocurrency advocacy group, revealed that since December, it had raised over $300,000 via fundraising from individual donors who contributed small amounts of cryptocurrencies. The group also received $2 million from crypto-investment firm Grayscale Investments and other $1 million from Twitter-founder Jack Dorsey.

Coin Center executive director Jerry Brito stated that his organization would use the funds to ensure that people gain more knowledge on cryptocurrencies. “Our job is to say absolutely there is a real risk here and that we all need to work together, but don’t throw away the baby with the bathwater,” he added.

Cryptocurrencies have become one of the easiest ways for people to send money internationally. They have also gained use in several industries globally. However, the coverage had mostly centered on criminals using them to launder funds, and these crypto lobby groups are working hard to change the narrative.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
Time Sensitive: The 4x Market-Neutral Trade Everyone’s Missing
PRO
Research Report
Time Sensitive: The 4x Market-Neutr...Opportunities like this are rare in crypto. Most launches are driven by hype or speculation with no ...
11 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Update: The Latest on Our Top Meme Pick
PRO
Research Report
Update: The Latest on Our Top Meme ...This coin started as a meme but now it’s a movement. The diamond-hand community continues to grow, c...
12 min read
Oct 24, 2025