Coinbase-Backed American Innovation Project Launches to Educate US Policymakers
According to the official announcement, the American Innovation Project will operate as a 501(c)(3) nonprofit, with $1 million in initial funding from DCG and backing from leading crypto firms to brief lawmakers on blockchain and AI.
In an official statement, the American Innovation Project (AIP) was launched as a Washington-based nonprofit under section 501(c)(3), backed by Coinbase, Kraken, Paradigm, Andreessen Horowitz, Uniswap Labs, the Solana Policy Institute, and the Cedar Innovation Foundation. Digital Currency Group contributed $1 million in initial funding. The group says its goal is to provide nonpartisan education to U.S. policymakers on decentralized technologies such as blockchain and artificial intelligence, translating complex technical topics into actionable insights. Founders include DCG’s Julie Stitzel, Kristin Smith of the Solana Policy Institute, Allie Page of the Blockchain Association, and Nick Carr of Coinbase. AIP announced plans to host workshops, roundtables, and off-the-record events, with its first educational session scheduled alongside a private crypto policy summit in Jackson Hole, Wyoming.
- 501(c)(3): A U.S. tax-exempt nonprofit designation under the Internal Revenue Code, typically applied to organizations focused on education, religion, or charity, which restricts political lobbying.
- Blockchain: A decentralized digital ledger technology used to securely record transactions across multiple computers.
- Artificial Intelligence (AI): Technologies that enable machines to learn, reason, and perform tasks that usually require human intelligence.