Published on May 15th, 2018 | by bitcoin0
Kraken Exchange Donates $1m to Coin Center, a Blockchain Advocacy Group
Jesse Powell, CEO of the cryptocurrency exchange Kraken, donated $1 million to the nonprofit Coin Center on Monday night at the advocacy organization’s annual gala in New York City.
Kraken also pledged to match any donation to Coin Center until the end of the month, up to $1 million.
It was the biggest single donation made to Coin Center, said Neeraj Agrawal, a spokesman for the Washington, D.C.-based think tank.
Kraken, based in San Francisco, is no stranger to the regulatory minefield Coin Center strives to defuse and build bridges across.
Coin Center director Jerry Brito said a representative from the nonprofit has attended every congressional hearing related to cryptocurrency since 2013.