A new nonprofit called Cedar Innovation Foundation has set up a mailing address 100 miles from D.C. and is backed by crypto industry funds like Coinbase to lobby in Washington D.C. It has hired strategists, including from Mindset Advocacy and Bullpen Strategy Group. The group aims to influence Congress on crypto bills and elect industry-friendly candidates in 2024. Critics argue it's a "political hit job" rather than education, showing the industry will spend heavily this cycle.