Crypto Giants Form Nonprofit to Shape US Crypto Regulation
In today’s climate of complex crypto regulation, the American Innovation Project (AIP) is a new nonprofit backed by Coinbase, Uniswap Labs (UNI), Kraken, Paradigm and Digital Currency Group. It aims to bridge the gap between US lawmakers and experts in blockchain, AI and related technologies. Led by Kristin Smith of the Solana Policy Institute, AIP will host workshops and roundtables to educate legislators on topics like stablecoin rules and AI in financial services. Seed funding comes from the Cedar Innovation Foundation and a $1 million grant from DCG. Its supporters cover major segments of the emerging digital asset ecosystem. As Congress advances bills on digital asset oversight and the SEC begins Project Crypto, AIP seeks to ensure policies keep pace with rapid innovation. By promoting bipartisan dialogue, the group aims to boost technical fluency in policymaking. For traders, the initiative signals a maturing market where clearer guidance on crypto regulation and blockchain applications may reduce uncertainty and foster growth.
Bullish
This initiative brings major crypto firms together to improve legislative understanding of blockchain and AI. By offering direct education and fostering bipartisan dialogue, the American Innovation Project should lead to clearer, more informed crypto regulation. Improved policy certainty typically reduces market risk and supports asset valuations. Historically, similar advocacy efforts—like the Chamber of Digital Commerce—have coincided with positive market sentiment. In the short term, trader confidence may increase as rules become more predictable. Over the long term, balanced regulations could drive broader adoption and sustained growth in the crypto sector.