Donations keep pouring in for leading cryptocurrency think-tank and advocacy group Coin Center.
Coin Center has also raked in over $300,000 this month from a bevy of small and large donors via Gitcoin, a public Ethereum-based fundraising platform. In the first two days of its Gitcoin program, Coin Center raised over $100,000, as CoinDesk reported.
In total, over 335 donors have contributed $290,000 with an additional $21,000 paid out by Gitcoinâ€™s unique donation-matching features.
Industry players have shown strong support for Coin Centerâ€™s advisory and advocacy work in the U.S. capital amid a flurry of year-end legislative and regulatory efforts, including an anti-stablecoin bill that would require issuers to obtain bank charters and stricter know-your-customer (KYC) requirements per a proposed rule from the Treasury Department.
â€œThe Coin Center team has been working tirelessly over the years to help educate and and advocate for better U.S. policy around crypto,â€ Ashley Tyson, special projects lead at NEAR Foundation, told CoinDesk in a direct message. â€œAs builders of this technology, we think itâ€™s important to come together and support their work.â€
Coin Centerâ€™s annual budget is a bit more than $1 million, per communications director Neeraj Agrawal. Recent donations â€“Â especially a â€œhuge surgeâ€ in smaller donors via Gitcoin and Coin Centerâ€™s website â€“Â are incredibly helpful for continuing the teamâ€™s cryptocurrency policy work, Agrawal said.