Square, Fidelity, Coinbase start cryptocurrency lobbying group

Square (SQ), Fidelity Investments, and Coinbase Global (COIN) and crypto-investor Paradigm form a new trade group that aims to influence the way that bitcoin (BTC-USD) and other cryptocurrencies are regulated, the Wall Street Journal reports.The Crypto Council for Innovation will lobby policymakers, spearhead research projects, and provide a voice for the young industry in extolling the benefits of digital currencies and related technologies.With the price of digital assets climbing, mainstream investors are taking notice, and so are the bankers and brokers that serve them.The total market value of bitcoin touched $1T earlier this year for the first time. Bitcoin rises 0.7% to ~$58.6K in recent trading.See bitcoin and ethereum's (ETH-USD) rise vs. the S&P 50o over the past six months:The more mainstream cryptocurrencies become, the more regulators and lawmakers take notice. For example, a senior official in India's government proposes making it illegal to mine, trade, or hold private cryptocurrencies."Crypto is at a