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DCG Mining Subsidiary Foundry Joins Texas Blockchain Council to Help Shape Crypto Public Policy


DCG Mining Subsidiary Foundry Joins Texas Blockchain Council to Help Shape Crypto Public Policy

On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry detailed the newly formed alliance is aimed at Foundry’s efforts to “help shape the regulatory landscape for digital assets” in North America.

Foundry Becomes a Texas Blockchain Council Strategic Partner Member

The digital asset mining, staking, and advisory services firm Foundry Digital has announced it has joined the Texas Blockchain Council (TBC). The organization TBC is a group of individuals and companies dedicated to bitcoin and blockchain-related advocacy and public policy initiatives.

“We exist to amalgamate the influence of our members, to advocate for blockchain-centric public policy initiatives, to educate members of government about the benefits of blockchain technology, and to provide subject matter expertise on topics related to blockchain and distributed ledger technology,” the TBC website details.

“Foundry is one of the most well respected names in the bitcoin mining industry,” TBC president Lee Bratcher said in a statement sent to News. “Their suite of tools from marketplace intelligence to mining pools to equipment financing are world-class. The Texas Blockchain Council is honored to announce Foundry as our newest strategic partner member,” Bratcher added.

In terms of other TBC strategic partner members (SPMs), the list includes well-known crypto firms like Marathon Digital Holdings, Argo Blockchain, Blockware Solutions, and Core Scientific. Furthermore, other SPMs include Cholla Petroleum Inc., Rhodium, Hyland, and Vantage Bank Texas. Corporate members of TBC include Deloitte, Compute North, Luxor, Steelhead Capital Management, and Blockfills.

In August 2021, after the passage of the U.S. government’s infrastructure bill, TBC formed a Texas Blockchain Committee PAC. Prior to the alliance with TBC, Foundry announced on March 3, that it joined the 70+ member organization the Blockchain Association. Foundry’s reasoning for joining the Blockchain Association is so the company can “bring its expertise and insight to Washington to shape the regulatory future of the crypto industry.”

Foundry has had a track record of significant deals and milestones during the last year. The same week Foundry joined the Blockchain Association it completed a 12-megawatt (MW) co-location deal with the bitcoin mining operation Mawson Infrastructure Group (MIGI). Last November, Foundry launched a range of services for a number of crypto staking networks and in December, the company revealed a mining machine marketplace.

Foundry USA, the firm’s bitcoin mining pool, has been the largest mining pool for the last three months, capturing 2,367 mining rewards during that timeframe. Kyle Schneps, the director of public policy at Foundry, believes joining the Texas Blockchain Council will be helpful to the crypto industry. “This membership will help us continue to diligently shape the policy narrative for our industry,” Schneps remarked during the announcement on Tuesday.

What do you think about Foundry becoming a TBC strategic partner member? Let us know what you think about this subject in the comments section below.


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