Tribal Becomes Latest Member of Blockchain Association

Tribal, a B2B financing and payment platform focused on emerging markets, said on Monday it is joining the Blockchain Association, a crypto-industry lobbying group.

In a statement, the San Francisco-based company said it will contribute its expertise on emerging market blockchain use cases and engage in dialogue with regulators and other stakeholders.

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"We support the development of a flexible, innovation-forward regulatory framework for blockchain and crypto, and we look forward to advancing that as a member of the Blockchain Association," Tribal CEO Amr Shady said in a statement.

In April, Binance.US left the Blockchain Association due to a difference of "values, goals and standards," the company said. Binance.US will instead focus on its own lobbying efforts in Washington D.C., and state capitals across the country.

Tribal raised a $40 million debt round in January from the Stellar Development Foundation (SDF) and the venture debt-funding firm Partners for Growth (PFG).

In November, the Blockchain Association raised $4 million with contributions from crypto exchange Kraken, Digital Currency Group (CoinDesk's parent company) and Filecoin Foundation.