Jack Dorsey commits $1M to Coin Center on top of Grayscale’s $2M donation

2021 is shaping up to be a generous year for cryptocurrency donations. On Wednesday, the Coin Center, a leading nonprofit in the cryptocurrency space in Washington, DC, announced that it had raised millions of additional funding from leading names in the crypto industry.

Jerry Britto, Executive Director, Queen Center, chirp That his organization has received enough donations to claim $ 1 million in matching contributions from Grayscale Investments, the world’s largest crypto fund manager.

Less than three weeks ago, Grayscale announced that it had donated $ 1 million to the advocacy group and pledged an additional $ 1 million in matched contributions. A few days later, the cryptocurrency exchange company Kraken announced that it had pledged $ 100,000 to Coin Center.

Perhaps the most noteworthy news came in a follow-up tweet when Britto confirmed that Twitter CEO Jack Dorsey had donated $ 1 million to the advocacy group. He said, “We were close to achieving our goal in the conformity campaign when we put us on top and then some.”

Dorsey is also behind Square, as its mobile payments app allows users to buy and sell Bitcoin. Square is also one of the largest owners of BTC, with 4,709 units of virtual currency on its books. This equates to roughly $ 210 million in present value.

Coin Center’s advocacy work is increasingly focused on promoting financial privacy and “reasonable tax policy,” according to Niraj Agrawal, the organization’s communications director.

The cryptocurrency community is known for its generosity, especially in the wake of the 2017-18 bull market where millions of people around the world amassed a fortune investing in digital assets. Companies like The Giving Block make it easy for organizations to accept donations in digital currency.

The Giving Block recently posted three job postings on its website, reflecting the growth of the cryptocurrency donation industry.