Bitcoin Foundation Hires Firm to Lobby Congress on Cryptocurrencies

The Bitcoin Foundation has stepped up its US lobbying efforts by hiring Washington, DC-based firm Thorsen French Advocacy.

The announcement from the Foundation represents perhaps the most high-profile bitcoin lobbying effort to date. In May, Falcon Global Capital hired a lobbying firm to work with Congress, joining Peck Madigan Jones and other companies who are pushing legislators on the topic of digital currency.

Thorsen French Advocacy

, founded in 2010, is led by Alec French and Carl Thorsen. The two long-time legislative officials have served in various legal capacities within the US government, as well as key positions in the private sector.

Jim Harper

, the Foundation’s global policy counsel, said in a press statement that some members of Congress are already familiar with both bitcoin and its underlying technology. However, Harper noted that more work needs to be done to educate government leaders about the opportunities offered by the digital currency.

He said:

The announcement builds on previous efforts by the Foundation to lobby members of Congress, regulators and federal officials on digital currency.

The primary goal, the Foundation said, is to create an environment conducive to broader bitcoin adoption. Its lobbying efforts in Congress will likely aim to harmonize federal-level regulations to make it simpler for bitcoin to enter mainstream usage.

This sentiment was echoed by Jon Matonis, the Foundation’s executive director, who said in a statement:

In a press conference organised by the Foundation, Harper stated that Thorsen French will act as conversation-starters and bridge-builders between the bitcoin ecosystem and Congressional leaders. He added that they can act as a voice for the bitcoin community, influencing public policy on bitcoin as it continues to take shape.

Thorsen French will focus on a number of key policy areas, working with both regulators and members of Congress to address potential barriers for bitcoin while also building opportunities for its use.

Specifically, the lobbying efforts will seek to find a balance between privacy concerns and law enforcement as it relates to bitcoin; clarify the US government’s stance on digital currency taxation; and develop more inclusive, but effective, consumer protection rules.

Harper expressed the hope that Thorsen French will forge key relationships between the bitcoin ecosystem and Washington, stating: