Coinbase, Kraken, a16z Launch New “American Innovation Project” to “Educate” Washington

• AIP enters U.S. crypto policy as a 501(c)(3) nonprofit focused on education, not lobbying.
• Major crypto firms, including DCG and Coinbase, provide financial backing to AIP.
• Kristin Smith leads AIP’s board amid competition from established crypto advocacy groups.

The crypto industry just got a new, powerful voice in Washington, D.C. A new nonprofit called the American Innovation Project (AIP) launched on Tuesday, backed by some of the biggest names in the space. But this isn’t just another lobbying group; its unique, tax-exempt structure is a strategic play to influence policy.

The 501(c)(3) “Education” Angle

AIP is being established as a 501(c)(3) organization. Under the U.S. tax code, this means it must operate solely for “educational purposes” and is barred from most political and lobbying activities. 

By adopting this status, AIP positions itself as a neutral educator. This structure allows lawmakers to attend its events with fewer restrictions, while also enabling donors to receive tax advantages for their contributions.

Who’s Backing the New Group?

Unlike groups formed for a…

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