Former U.S. President Barack Obama’s deputy chief of staff, Jim Messina, is providing Blockchain.com with some strong lobbying direction, CNBC reported. Chief business officer Lane Kasselman told CNBC in an interview that Jim Messina joined Blockchain.com’s board of directors early last year as a key advisor on its government relations and policy strategy. Blockchain.com is one of the crypto firms lobbying for part of the Digital Financial Assets Act, which would strengthen regulation of the crypto industry in California. After the bill was introduced, they "provided amendments and feedback," Kasselman said, with the "main revision focus" being the bill's "implementation period." If signed into law by Gov. Gavin Newsom, the bill would go into effect in 2025 and require companies such as digital asset exchanges to obtain licenses through the state’s Department of Financial Protection and Innovation.