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25 January 2021

Coin Center Donations Top $100K Worth of Dai Following Anti-Stablecoin Bill Proposal - CoinDesk

Coin Center Donations Top $100K Worth of Dai Following Anti-Stablecoin Bill Proposal - CoinDesk


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Anti-stablecoin legislation has been a boon for donations to Coin Center, a cryptocurrency think tank and policy advocacy group, with the organization receiving over $100,000 in donations — paid out in stablecoins — two days after the bill was introduced. .

Writing about the bill in a post published Thursday, Coin Center’s director of research Peter Van Valkenburgh said the legislation targets stablecoins instead of “traditional money transmitters” perhaps because “it is easier to pick on a young innovative industry with fewer political allies than an older sector with deeper pockets.”

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