Crypto Lobbying Efforts Now Focusing on Ohio Ukrainian Population

Digital Innovation for America, a lobbying group advocating on behalf of digital assets, has updated its campaign to highlight the ability of crypto to streamline transfers or payments globally by promoting the need for Ukrainians living in the US to support the ongoing war against Russia.

Previously, CI reported that advertisements were targeting Senator Sherrod Brown, Chairman of the Senate Banking Committee. The Ohio Senator is in a key position to influence policy on all financial services, including digital assets. Several bills are in the works to provide better-defined rules for digital assets. Expectations are that stablecoin legislation will make it through the US House first and then, probably, over to the Senate Banking Committee.

In March 2022, Ukraine legalized crypto in a move designed to expedite donations to the beleaguered country as it rushed to buy guns, ammo, and other supplies.

At one point, Ukraine hosted a website accepting crypto directly – including NFTs, which has since migrated to more traditional credit card payments and bank transfers. But other providers accept crypto on behalf of charities in Ukraine. A good example is the Giving Block – a platform that allows any charity to accept crypto.

Two Ukrainian firms, Everstake and Kuna are now offering a crypto donation site called Aid For Ukraine – which reports over $60 million in crypto donations.

Ukraine has also posted wallets that accept various cryptocurrencies like Bitcoin, Ethereum, and USDT.

Promoting the Ukrainian population in Ohio does make some sense as over 42,000 Ukrainians call Ohio their home with the largest population existing in Parma, Ohio, a suburb of Cleveland where Senator Brown has a home.


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