Gate News message, April 27 — Pudgy Penguins (PENGU), a prominent NFT project, held an invitation-only event for policymakers on April 24 at the Rayburn House Office Building in Washington, D.C. The project announced it has established a working relationship with the U.S. Congress and now serves as an advisor on the White House’s cryptocurrency advisory committee.
CEO Luca Netz stated that cryptocurrency projects will eventually divide into two categories: those with government relationships and those without. He emphasized that building such relationships is critical for long-term growth and congressional influence. Co-founder Lorenzo Melendez noted that when the team acquired Pudgy Penguins nearly four years ago, they never anticipated representing the brand in Congress, adding that it was encouraging to see legislators empathizing with real-world cryptocurrency use cases.
The Pudgy Penguins team recently met with South Carolina Representative William Timmons and Republican Representatives Tim Moore and Michael Rulli to discuss the direction of cryptocurrency regulation.
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