Pudgy Penguins holds event at US Congress, joins White House advisory

Pudgy Penguins (PENGU) announced via X that its team held an open invitation event for policymakers at the Rayburn House Office Building in Washington D.C. on April 24. The project stated it is building a close working relationship with the U.S. Congress and the White House, and is also serving in an advisory capacity on the White House's cryptocurrency advisory committee. Pudgy Penguins CEO Luca Netz said that crypto projects will eventually be divided into those that have built government relationships and those that have not, adding that securing influence within Congress will lead to positive long-term growth. Co-founder Lorenzo remarked that when he and the team acquired Pudgy Penguins about four years ago, he never imagined representing the brand in Congress. He added that it was moving to see lawmakers empathize with real mass-market use cases for crypto. The Pudgy Penguins team also recently met with South Carolina Representative William Timmons and Republican Representatives Tim Moore and Michael Rulli to discuss the direction of cryptocurrency regulation.