Messari Founder Ryan Selkis Launches Advocacy Group in Response to Recent SEC Actions

Following the U.S. Securities and Exchange Commission’s (SEC) charges against popular cryptocurrency exchanges Binance and Coinbase, Messari founder Ryan Selkis has launched a new advocacy group named @DFA2024. The group aims to counter the “relentless fear, uncertainty, and doubt (FUD)” concerning the cryptocurrency industry.

Selkis used his personal Twitter account to publicly announce the organization’s launch. According to his tweets, the group will focus on running pro-crypto messaging campaigns to push back against perceived negative bias.

Moreover, Selkis expressed strong dissatisfaction with the current leadership of the SEC under Chair Gary Gensler. “I do not respect the SEC under Chair Gensler,” he tweeted, making clear his view of the regulatory body’s current direction.

“We’ll be fighting like hell the next 18 months to elect common sense politicians that will restore regular order to the regulatory state,” Selkis further added. This statement suggests that the newly formed advocacy group may involve itself in political lobbying efforts to promote cryptocurrency-friendly policies.

Selkis also indicated a need for what he sees as “forward-thinking leaders,” rather than what he labeled as “incompetent and crooked cops on the beat,” a clear critique aimed at the current leadership of the SEC.

The formation of the @DFA2024 comes amid increasing regulatory scrutiny towards cryptocurrency exchanges in the United States. Just today, the SEC announced charges against Binance and Coinbase, two of the largest cryptocurrency exchanges worldwide. The charges and the perceived aggressive stance of the SEC towards the crypto industry appear to have catalyzed Selkis’s initiative.


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Messari Raises $35M in Series B Round

Blockchain-based data analytics platform, Messari has announced the successful completion of its Series B funding round in which it pulled $35 million. 


The round was led by Brevan Howard Digital and enjoined participation from top investors, including Morgan Creek Digital, Samsung Next, FTX Ventures, and existing investors Point72 Ventures, Kraken Ventures, Uncork Capital, Underscore VC, Galaxy, and Coinbase Ventures.

Coming off as one of the most favoured data analytics platforms serving the crypto ecosystem nowadays, Messari landed $21 million in a Series A round in early August from investors led by Steve Cohen. The August round valued the company at $300 million.

As announced, the new funds will be used to bolster its growing team and fast-track the development of new products.

“We’re excited to welcome a remarkable group of investors as partners in our next phase of growth,” said Ryan Selkis, Messari’s Co-founder & CEO. “We are committed to providing investors, crypto enterprises, and token communities with the tools they need to participate in the crypto economy. This new funding will help us grow our team, expand internationally, and invest in new data offerings and tools that complete our market-leading product suite.”

In its growth track, Messari confirmed that it has launched two new products, including Protocol Metrics and Data Apps. As explained, Protocol Metrics will enable the customers of the data research platform to “compare assets across multiple networks through transparent data standardization and analyze the health, growth, and usage of a protocol.”

The Data App platform is ideal for users who want access to customized data sets. Messari said the release of the Data App platform would be in Beta at launch and that it will release the demo for both products at its forthcoming Mainnet 2022 summit. The summit started on Wednesday and will end on Friday, the 23rd.

Image source: Shutterstock


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