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Crypto Firms Launch American Innovation Project as 501(c)(3) for Policymaker Education

Its 501(c)(3) setup offers access benefits for officials with legal limits on lobbying.

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Overview

  • The American Innovation Project debuted as a tax‑exempt nonprofit focused on educating U.S. policymakers about decentralized technologies, including blockchain and AI.
  • Backers include Digital Currency Group, Coinbase, Kraken, Paradigm, Andreessen Horowitz, the Solana Policy Institute, Uniswap Labs, and the Cedar Innovation Foundation, which reporters describe as a dark‑money funder.
  • Kristin Smith leads the board, with directors listed as Julie Stitzel, Allie Page, and Nick Carr.
  • AIP’s inaugural off‑the‑record educational event is scheduled for Aug. 21 in Jackson Hole, colocated with a SALT‑ and Kraken‑hosted policy summit drawing figures such as Eric Trump, Sen. Tim Scott, Sen. Cynthia Lummis, Paul Atkins, and Michelle Bowman.
  • The group says it will run policy roundtables, innovation summits, workshops and trainings, positioning itself as an educational forum in a crowded crypto advocacy landscape where 501(c)(3) rules bar substantial attempts to influence legislation and may offer donor tax benefits.