Pudgy Penguins (PENGU) announced via X, "The Pudgy Penguins team hosted a public invitation event for policy officials at the Rayburn House Office Building in Washington D.C. on the 24th (Korean time). We are building close cooperative relationships with the U.S. Congress and the White House, and are participating in an advisory role on the White House's cryptocurrency advisory committee." In this regard, Pudgy Penguins CEO Luca Netz stated, "Cryptocurrency projects will be divided into two categories: those that build government relationships and those that do not. Securing influence within the U.S. Congress will bring positive results for long-term growth." Pudgy Penguins co-founder Lorenzo commented, "When I acquired Pudgy Penguins with the team about four years ago, I never imagined that one day we would represent the brand in Congress. It's a new feeling to see members of Congress empathize with real-world mass-market use cases for cryptocurrency." Meanwhile, the Pudgy Penguins team reportedly recently met with South Carolina Representative William Timmons, Republican Congressman Tim Moore, and Michael Rulli, among others, to discuss the direction of cryptocurrency regulation.
