A group of Bitcoin companies has formed a new trade association called Sats Center. The new organization, whose status as a nonprofit under Section 501(c)(6) of the tax code is pending, will be based in Virginia, according to a Dec. 9 statement from the group.

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The association's initial advocacy focus will be at the state and local levels.

Founding companies include Ancova, Bit Block Boom, Bitcoin Day, Bitcoin Magazine, Bitrefill, Blockware Solutions, Casa, Choice App, Compass Mining, Core Scientific, Foundry, Galoy, Luxor Mining, Marathon, Riot Blockchain, River Financial, Swan Bitcoin, Trammell Venture Partners and Upstream Data among others.

The association described its mission as fostering "an innovative environment for Bitcoin. Sats Center will provide education to the public, elected officials and regulators who want to learn about how Bitcoin can empower economic advancement and financial inclusion."

Sats Center said it would build a grassroots community to support the Bitcoin ecosystem, and partner with other groups and think tanks where interests align.

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