Coin Center receives Grayscale Donation of $1 Million and Pledges to Match Yours

Coin Center has received $1 million donation from Grayscale Investments.

On January 25th, 2021, Grayscale made the exciting announcement that they made a direct donation to Coin Center. As if that wasn’t generous enough, they also stated that they would match up to $1 million in additional donations through February 2021. We are hopping on this train for the great opportunity that it is, and we hope that you do too!

Coin Center is one of the crucial organizations that educates policymakers and advocates for sensible regulatory approaches to help warrant a sound understanding of cryptocurrencies. Their mission is to “build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using permissionless blockchain technologies.”

This $1 million donation and match movement was first initiated by Kraken in 2018 to support the leading nonprofit, Coin Center. Their vital efforts raised $3 million. As stated in an article by GlobeNewswire, Jesse Powell, CEO of Kraken said, “At the time, we wanted to show our support and gratitude for the work that Coin Center was doing on behalf of the cryptocurrency networks that firms like Kraken are built on. Today, their work is even more critical, so I am very pleased to see a leading firm like Grayscale Investments stepping in and taking the baton to continue what I hope will become a tradition of giving for our industry.” Movements like this set the foundation for supporting companies like Coin Center. These funds will allow Coin Center to continue their research on policies to help the growth of our ecosystem.

With the recent popularity and growth of the cryptocurrency industry Michael Sonnenshein, CEO of Grayscale Investments, stated, “There’s not been a better time to invest [in the research and education.]”

Neeraj K. Agrawal, the Director of Communications at Coin Center, tweeted out thanking Sonnenshein stating “These funds will help us continue the fight for sound cryptocurrency policy at a time when scrutiny is higher than ever”

So what are we going to do you might ask? Tantra Labs pledges to support Coin Center and make a donation of our own. Kagen Atkinson, COO at Tantra Labs stated “The fight is coming to Crypto, and now is the time to provide resources to lobbyists like Coin Center!” We’re looking forward to the upward trajectory this movement has created and will continue to support companies like Coin Center.

You can also #JoinTheMatch and see who has already donated by visiting coincenter.org/matching.

For more information on Coin Center, you can visit https://www.coincenter.org/

For more information on Grayscale Investments, you can visit https://grayscale.co/