PANews reported on March 6 that according to The Block, the National Cryptocurrency Association (NCA) was officially established on Wednesday, aiming to help Americans better understand the cryptocurrency industry through its consumer education platform. Ali Tager, NCA's vice president of communications, told The Block that NCA was founded by cryptocurrency company Ripple and provided with a two-year, $50 million funding support from Ripple. She said: "However, the field of cryptocurrency is very broad, and we look forward to companies from other industries joining the work of NCA." She also encouraged companies interested in participating in the initiative to take the initiative to contact.
Despite being founded by Ripple, the NCA says it is not controlled by any one company, but rather provides resources for anyone who uses, holds, or wants to learn more about cryptocurrency. The NCA also stressed that it is not a political or lobbying organization, but is instead focused on supporting cryptocurrency awareness and education. To ensure that the NCA provides independent and unbiased cryptocurrency education, Tager explained that the NCA is a registered 501(c)(4) nonprofit organization that is responsible for the best interests of consumers, not product revenue or profit margins. Such organizations are primarily dedicated to promoting social welfare causes, but can also engage in political activities such as lobbying and advocacy, as long as politics is not their primary purpose. They are also not required to publicly disclose donors. Late Wednesday, Stuart Alderoty confirmed that he had joined the NCA as chairman, while continuing to serve as Ripple's chief legal officer. "The NCA is not a political organization - it's open to everyone and is not limited to specific projects or protocols," Alderoty said.
