ConsenSys, Polychain, Tron, CipherTrace: Blockchain Startups Got $30M+ in US ‘PP

[Lorix]

More than 75 companies in the blockchain and cryptocurrency industry collected at least $30 million in payroll loans from the U.S. government.

The U.S. Small Business Administration (SBA) published details of its Paycheck Protection Program (PPP) on Monday, revealing a who’s who of major and minor firms in the industry.

Loan recipients included Zcash developer Electric Coin Company, Ethereum venture studio ConsenSys and Rainberry Inc., the U.S. entity acquired by Justin Sun’s Tron Foundation at the time of its BitTorrent acquisition in 2018.

Crypto venture firms were also represented on the list, including Polychain Capital and Unchained Capital.
More info: https://www.coindesk.com/consensys-polychain-tron-ciphertrace-blockchain-startups-got-18m-in-us-ppp-bailout-loans