Bitcoin Advocacy Group Coin Center Collects $1 Million in New Contributions

Washington, DC-based non-profit research and advocacy group Coin Center has raised $1m from old and new supporters.

Feb 22, 2017 at 11:06 a.m. UTC

Updated Sep 11, 2021 at 1:06 p.m. UTC

Washington, DC-based non-profit research and advocacy group Coin Center has raised more than $1m in new funding, the group announced this week.

Coin Center launched in 2014 with the aim of educating policymakers in the political heart of the US. The organisation, which kicked off with $1m in initial funding, has since focused on a range of research and policy initiatives in and around the country's capital.

Contributing to the latest round of donations were a group of existing supporters and some new ones, including industry startups Abra, Bitso, ConsenSys, Lightning, OB1, Ripple, ShapeShift and SolidX, as well as a number of undisclosed individuals.

According to a blog post penned by executive director Jerry Brito, the funding will be used in part to further fuel Coin Center's advocacy efforts.

A fundraising gala will be held in New York City in May to raise additional funds, organized in conjunction with CoinDesk's Consensus 2017 blockchain industry conference.

Brito wrote:

"Your support of Coin Center – at any level – keeps our work going and helps keep the technology free and open. Thanks to all our current and future supporters."

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which is a contributor to Coin Center.

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