coindesk.com
The Digital Chamber, which is among the most prominent crypto lobbying groups, is incorporating one of the leading U.K. digital assets groups, CryptoUK, as an affiliate under its widening umbrella.
At a time of upheaval in the industry's advocacy space, in which leaders have turned over and several new groups have been established with major funding, the Digital Chamber — primarily focused on the busy U.S. policy effort — announced a new formal agreement with the U.K. organization to unify their operations. Others in the same Digital Chamber orbit include the Digital Power Network and the Bitcoin Treasury Council.
“CryptoUK has always aspired to ensure we are driven by policy-led issues, member
collaboration, and regulatory engagement," said CryptoUK Executive Director Su Carpenter, in a statement. "These are the core pillars of the organisation. In The Digital Chamber, we see a like-minded organization with shared objectives and approach.”
He said the new arrangement will "strengthen both organizations by enabling cross-jurisdictional knowledge sharing and access to broader resources."
“Effective digital asset policy requires borderless coordination, looking for opportunities
in all governments and markets," said Digital Chamber CEO Cody Carbone, in a statement.
U.S. crypto lobbyists have experienced a wide-reaching turnover in leadership this year just as domestic policy efforts came to a head. Meanwhile, the industry has spawned several new advocacy groups, including the Solana Policy Institute, Ripple-backed National Cryptocurrency Association and, most recently, the American Innovation Project.
Read More: U.S. Crypto Lobbyists Flooding the Zone, But Are There Too Many?
The list of group names has grown lengthy, even as Congress and the U.S. federal regulators are trying to write new laws and rules to manage the industry. Meanwhile, mergers have been more rare.
A year ago, the Crypto Council for Innovation absorbed the Proof of Stake Alliance. At the same time, it struck partnerships with the Cryptoasset Business Association in Japan to team up in Asia and also the Global Digital Finance in the U.K.