BTCS CEO Charles Allen and COO Michal Handerhan have donated shares of BTCS common stock to Consumers’ Research, according to a press release sent to CoinReport. The shares are currently valued at $170,000.
“The support Consumers’ Research provides to our industry is invaluable, and we’re pleased to be in a position to give back to support its mission,” said Allen. “As our success continues, we hope to help the work of other qualified non-profit organizations that back burgeoning digital currencies, blockchain technology, and other ledger-based solutions.”
Consumers’ Research is an independent educational organization that aims to increase consumers’ knowledge of issues, policies, products and services concerning them. The organization currently dedicates resources toward raising awareness about opportunities within the blockchain and digital currency industries.
Allen mentioned in the press release that he will work with Consumers’ Research to direct 40% of the donation toward bitcoin core development to support blockchain technologies. He mentioned how the discussions at the Satoshi Roundtable last week pointed to the limited resources supporting bitcoin core development.
“The misalignment between existing regulations and technological innovations continues to be one of the greatest hurdles to the widespread adoption of blockchain-based technologies,” said Kyle Burgess, director of operations at Consumers’ Research. “Through its collaborative workshops and white papers, Consumers’ Research educates consumers, policymakers and regulators on the importance of responsible, prudent legislation and regulation that allows digital currencies and blockchain- and other ledger-based businesses to thrive.”
Image via the press release