Falcon Global Capital has filed to register lobbyists on Capitol Hill in an effort to further “education and understanding of bitcoin and other crypto-graphic based currencies”.

Greater bitcoin discussion in Congress should give lawmakers more familiarity and comfort with the concept, currently misrepresented by its scandals and its volatility.

Co-founder Brett Stapper said:

Though more US politicians are taking an active interest in the technology, awareness remains low, leading many to worry that the US government could seek to implement unfavorable or restrictive policies for the industry.

Falcon’s move follows that of government relations group Peck Madigan Jones, who last month pressured Capitol Hill by putting “bitcoin and mobile payments” on its lobbying agenda.

Clients of PMJ include Deloitte, Wells Fargo Securities, US Chamber of Commerce and MasterCard, among others. Given these notable names, the development caused widespread concern in the bitcoin community.

As bitcoin’s popularity increases, so does the need for representation in Congress, especially if well-established companies in the banking and finance industries use their weight in Washington to obstruct the digital currency’s growth.

Having government support is one of the most critical issues the bitcoin community faces, Stapper said.

Image via Falcon Global Capital