A coalition of diverse crypto industry leaders has reached out to Vice President Kamala Harris and her running mate Tim Walz's campaign policy team, requesting a meeting this month to discuss crucial policy recommendations for Web3 and DeFi. Their aim is to establish a regulatory framework that fosters innovation in the United States.
In a letter sent on Tuesday, notable figures such as Cleve Mesidor, Founder of the Nat'l Policy Network WOC Blockchain, Olayinka Odeniran, Founder of the Black Women Blockchain Council, and Tonya Evans, a professor at Penn State Dickinson Law, emphasized the need for a supportive regulatory environment. Over 20 prominent leaders signed the letter, underscoring their collective voice.
The letter pointed out that recent policies tend to favor the wealthy, thereby limiting access to digital assets for marginalized communities. It highlighted that Black, Latino, AAPI, and indigenous communities have historically been significant adopters of crypto.
As the crypto industry becomes a pivotal election issue, both Democratic and Republican candidates are addressing this space. Harris advocates for innovation in technologies like AI and digital assets while ensuring consumer protection. In contrast, Trump seeks to end what he terms an "unlawful" crackdown on the crypto industry.
The DeFi leaders expressed their desire for a seat at the policy table, advocating for financial education and a new SBA Emerging Technologies & Digital Equity Loan program to support diverse entrepreneurs in the crypto space.
