The Chamber of Digital Commerce, a trade association that promotes the industry behind blockchain technologies, has hired public policy and communications firm North South Government Strategies for Capitol Hill advocacy support.
NSGS will help the D.C.-based nonprofit on issues related to the regulation of blockchain-based technologies, the infrastructural component that provides security and governance protections to the emerging cryptocurrency market.
Cryptocurrencies have taken the investor world by storm recently, with the total cryptocurrency market now accounting for a year-over-year increase of about 3,400 percent — or about $563 billion — according to industry site CoinMarketCap. The value of digital currencies such as Bitcoin continue to rise, spurring massive initial coin offering investment funding into upcoming cryptocurrency ventures skyrocketing in spite of risks related to account vulnerabilities from hackers and continued worries of a cryptocurrency crash.
NSGS is the firm formerly known as JDM Public Strategies, which was founded by John McMickle, who formerly advised Sen. Charles Grassley (R-IA) as counsel to the Senate Judiciary Committee. McMickle also served as legal policy director to the Trump presidential campaign’s D.C. Office.