Charles Allen, chief executive officer of BTCS, stated
“The support Consumers’ Research provides to our industry is invaluable, and we’re pleased to be in a position to give back to support its mission. As our success continues, we hope to help the work of other qualified non-profit organizations that back burgeoning digital currencies, blockchain technology, and other ledger-based solutions.”
Allen further stated
“Discussions at the Satoshi Roundtable this past week underscored the limited resources available to support critical core development. I plan to work with Consumers’ Research to evaluate ways to further direct 40% of the donation toward bitcoin core development in support of blockchain technologies.”
Consumers’ Research is an independent educational organization whose mission is to increase the knowledge and understanding of issues, policies, products, and services of concern to consumers and to promote the freedom to act on that knowledge and understanding. Consumers’ Research dedicates a significant portion of its activities toward generating awareness about the various opportunities presented by digital currencies, the blockchain and other ledger-based technologies and the potential roadblocks to achieving those opportunities.
Kyle Burgess, director of operations at Consumers’ Research, stated,
“The misalignment between existing regulations and technological innovations continues to be one of the greatest hurdles to the widespread adoption of blockchain-based technologies. Through its collaborative workshops and white papers, Consumers’ Research educates consumers, policymakers, and regulators on the importance of responsible, prudent legislation and regulation that allows digital currencies and blockchain- and other ledger-based businesses to thrive. Support from BTCS helps make our efforts in this space possible. Consumers’ Research is grateful for the generous gifts from Mr. Allen and Mr. Handerhan.”