Former senior Obama advisor guides lobbying and coverage technique of London cryptocurrency agency

Former senior Obama advisor guides lobbying and coverage technique of London cryptocurrency agency

Jim Messina participates in a panel dialogue through the Milken Institute’s annual World Convention at The Beverly Hilton Resort on April 29, 2019 in Beverly Hills, California.

Michael Kovac | faux pictures

Jim Messina, deputy chief of employees to former President Barack Obama, is offering sturdy lobbying steering to a London-based cryptocurrency buying and selling platform because the trade braces for brand spanking new rules within the US and overseas. .

The veteran political operator joined Blockchain.com’s board early final yr, changing into a key adviser on its authorities relations and coverage technique, chief business officer Lane Kasselman mentioned in an interview with CNBC.

The crypto trade has been rising lobbying around the globe with probably strict rules on the horizon. The Biden administration launched its framework on attainable US crypto rules earlier this month, together with ways in which may assist fight fraud.

Kasselman described Messina as a crucial information to the corporate’s common coverage and lobbying efforts. He famous that Messina just isn’t a registered lobbyist, however typically advises his staff on lobbying technique.

“Arguably, we’re most likely probably the most prolific corporations with regards to participating in crypto-related public coverage globally, definitely within the US and Western Europe. That may be a direct results of Jim and his orientation on that entrance,” Kasselman mentioned. . Messina, who was Obama’s deputy chief of employees, is now the CEO of consulting agency The Messina Group.

Though Messina just isn’t a registered lobbyist, the Messina Group has offered steering on lobbying and different coverage points to Uber, Pillpack, Airbnb, Google, Delta Air Traces and Hutchison Whampoa, in line with a listing of shoppers on its web site.

Past his tenure advising Obama, Messina’s agency has additionally suggested highly effective authorities officers, together with former UK Prime Ministers Theresa Could and David Cameron, together with Mexico’s Enrique Peña Nieto, Argentina’s Mauricio Macri and Matteo Renzi from Italy. Messina tweeted take photographs of him on the White Home as official portraits of Obama and former first girl Michelle Obama had been unveiled.

Kasselman credit Messina with hiring Ian Mair as Blockchain.com’s head of US coverage and Giles Swan to execute his European coverage. Blockchain.com, which is predicated within the US in Miami, was additionally amongst a gaggle of cryptocurrency corporations that pushed components of the Digital Monetary Property Act, which might tighten oversight of the trade in California, the place they’ve their headquarters. headquarters many U.S.-based crypto corporations. They “provided amendments and feedback” after the invoice was launched, Kasselman mentioned. He mentioned his “essential amending focus” was the invoice’s “implementation interval.”

If signed into regulation by Gov. Gavin Newsom, the invoice would take impact in 2025 and would require companies, akin to digital asset exchanges, to acquire licenses via the state Division of Monetary Safety and Innovation.

Kasselman additionally famous that Messina guided them on how greatest to foyer the European Parliament on its crypto regulation often known as the Markets in Cryptoassets guidelines.

Kasselman mentioned they gained their final battle with members of parliament and their employees when the EU was deciding “whether or not or not it might mainly resolve to make noncustodial wallets unlawful,” he mentioned. These kinds of digital wallets, which Blockchain.com promotes on their web site, successfully act as an ultra-secure crypto financial savings account.

“It is core to our enterprise perception that we must always give folks management of their belongings and shield them from another potential interference. And Jim actually obtained us pondering ‘what’s that argument, what is going on to work in Brussels? that these members of parliament are involved about and the way will we tackle these issues?'” Kasselman mentioned. “And because of his recommendation, having labored with heads of state throughout Europe for years, we put collectively, I do not need to name it a marketing campaign, however a type of argument that we went in and met with a few of the ministers and he gained.”

Swan, the corporate’s European coverage chief, met with the employees of EU monetary companies commissioner Mairead McGuinness in Could to debate so-called funds switch regulation, in line with a disclosure report. McGuiness has been crucial of cryptocurrencies, calling digital belongings “one of many latest methods to launder cash” in a tweet final yr.

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