The American Innovation Project (AIP), supported by Coinbase, Uniswap Labs, Kraken, Paradigm, and the Digital Currency Group (DCG), officially began operations this week.
The organization was formed to serve as a conduit between policymakers and the technology industry at a time when regulation of digital assets and artificial intelligence is moving to the forefront of US economic policy.
Kristin Smith, president of the Solana Policy Institute, will lead AIP as president. In a statement, Smith explained that the nonprofit’s objective is to provide legislators with “the knowledge, context, and tools they need as they consider timely rules and regulations that meet the moment.”
She emphasized that the group intends to promote bipartisan dialogue, bridging political divides to ensure regulatory decisions keep pace with rapid technological change.
The organization has secured seed funding from the Cedar Innovation Foundation, along with a $1 million contribution from Digital Currency Group.
Mark Murphy, president of DCG, highlighted the initiative’s importance, stating that “the future of the U.S. economy will be shaped by the choices we make today in developing emerging technologies.”
Last month, President Donald signed legislation establishing a federal framework for stablecoins, while the House of Representatives passed a comprehensive measure to regulate the crypto industry more broadly.
Against this backdrop, AIP’s efforts to improve dialogue between the private sector and policymakers highlight the growing recognition that effective regulation requires technical fluency.
Its founding supporters represent a cross-section of the digital asset ecosystem, from exchanges like Coinbase and Kraken to venture firms such as Paradigm, as well as associations like the National Cryptocurrency Association.
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