The following organizations joined forces to support clear regulations: a16z crypto, Coinbase, Leger, Bain Capital Crypto, Blockchain Capital, and Paradigm.

According to a Sept. 11 release, several cryptocurrency and blockchain businesses came together to form a Texas-based advocacy group for cryptocurrencies. The founding members of the organization, which goes by the name “Crypto Freedom Alliance of Texas,” include A16Z Crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital, and Paradigm. The organization advocates for “the development of coherent and predictable regulations for digital assets in Texas.”

The release noted that the Crypto Freedom Alliance will support educational programs that will focus on governmental representatives, businesses, non-profits, and other groups to emphasize the importance of Web3 in the state of Texas.

At the Permissionless II conference in Austin, Cointelegraph spoke with Brian Quintenz, the global head of policy for A16Z crypto, to learn more about the new organization. Quintenz claims that Texas is well situated to develop into a refuge for Web3 developers, but doing so requires the creation of an advocacy group to address difficulties in the state.

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