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In July, the government ordered a dozen ATM providers selling crypto for cash, including Cash Cloud, Coin Now and DigiCash, to sign up as money transmitters despite the objections of companies. Documents obtained by The Times.
Last year, Mr. Aloupis introduced invoice Following lobbying appeals by Mr Armes and the Florida Blockchain Business Association, a trade group led by him, to exempt bilateral crypto transactions. (Her members (including major crypto exchange Binance.) The bill failed to get Senate approval and was resubmitted for this year’s session.
Russell Weigel, commissioner for the Florida Office of Financial Regulation, said: approved the law Defended by Mr Armes.
“If I go and buy food from your food store, it’s a two-way transaction,” said Mr. Weigel. “Do I need a driver’s license for this? That seems ridiculous.”
Lobbyists for Blockchain.com, a cryptocurrency exchange in action last year Bit5ive, which manufactures crypto mining equipment from New York to Miami and the Florida area, has joined the effort by contacting dozens of state lawmakers.
“They are very professional cryptos,” said Robert Collazo, CEO of Bit5ive, about Florida lawmakers.
Bit5ive lobbyist Michael Kesti said the company plans to raise money for crypto-friendly legislators in Florida in the future. Jason Holloway, director of legislative affairs at the Florida blockchain association, is already running for State Assembly with donations – some in cryptocurrency – From Mr Armes and others.
“I don’t want it to look like we’re paying for the effect,” said Mr. Kesti. But we want to support them,” he said.
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