Former senior Obama advisor guides lobbying and policy strategy of London cryptocurrency firm

09/20 00:36

According to CNBC, Jim Messina, former President Barack Obama’s deputy chief of staff, is bringing some hefty lobbying guidance to a London-based cryptocurrency trading platform as the industry braces for new regulations in the U.S. and abroad. The veteran political operative joined Blockchain.com’s board early last year, becoming a key advisor on its government relations and policy strategy, chief business officer Lane Kasselman said in an interview with CNBC. Blockchain.com, was among a group of crypto companies that lobbied elements of the Digital Financial Assets Law, which would tighten oversight of the industry in California where many U.S.-based crypto firms are based. They “offered amendments and feedback” after the bill was introduced, Kasselman said. He said their “main amendment focus” was the bill’s “implementation period.” If signed into law by Gov. Gavin Newsom, the bill would go into effect in 2025 and require companies, such as digital-asset exchanges, to obtain licenses through the state’s Department of Financial Protection and Innovation.

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