[Analysis] Blockchain projects form association to demystify the technology for US lawmakers

Educating policymakers on the nuances of blockchain technology and influencing nascent regulatory development receives increasing attention from all sides of the crypto industry, explains The Block's Celia Wan. To date, organizations and coalitions like Coin Center and the Blockchain Association have worked to educate Congress and a handful of Federal agencies. But a new organization is joining their ranks. Wan writes that the Interchain Foundation, Blockfolio, and 10 other blockchain projects are coming together under an industry association, Proof of Stake Alliance (POSA) to educate regulators about the blockchain technology and hopefully win over their sympathy. Alliance founder Evan Weiss told The Block that although there is not enough understanding of blockchain technology on the Hill, many blockchain projects are eager to communicate with regulators.