2021 is shaping up to be a generous year for cryptocurrency donations. On Wednesday, Coin Center, the leading cryptocurrency nonprofit in Washington, D.C., announced that it had raised millions in additional funding from high-profile names in the crypto industry.\u00a0<\/p>\n
Jerry Brito, Coin Center\u2019s executive director, tweeted that his organization had received enough donations to claim the $1 million in matched contributions from Grayscale Investments, the world\u2019s largest crypto fund manager. <\/p>\n
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, digital currency exchange Kraken announced that it was pledging $100,000 to Coin Center. <\/p>\n
Perhaps the most noteworthy news item came in a follow-up tweet when Brito confirmed that Twitter CEO Jack Dorsey donated $1 million to the advocacy group. \u201cWe were almost to our goal for the matching campaign when he put us over the top and then some,\u201d he said. <\/p>\n
Dorsey is also behind Square, whose mobile payments app lets users buy and sell Bitcoin. Square is also one of the largest corporate holders of BTC, with 4,709 units of the virtual currency on its books. That\u2019s equivalent to nearly $210 million in today\u2019s value. <\/p>\n
Coin Center\u2019s advocacy work is increasingly focused on advancing financial privacy and \u201csensible tax policy,\u201d according to Neeraj Agrawal, the organization\u2019s director of communications. <\/p>\n
The crypto community is known for its generousity, especially in the wake of the 2017-18 bull market where millions of people around the world made a fortune investing in digital assets. Companies like The Giving Block are making it easier for organizations to accept digital currency donations. <\/p>\n
The Giving Block recently published three job postings on its website, which reflects the growth of the crypto donations industry. <\/p>\n