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Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.13%
Pendle Pendle (PENDLE) $4.43 ↓ -2.00%
Jito Jito (JTO) $2.00 ↑ 1.22%
Bitcoin Bitcoin (BTC) $118,001.81 ↑ 0.41%
Ethereum Ethereum (ETH) $3,755.96 ↑ 0.93%
XRP XRP (XRP) $3.18 ↑ 1.49%
Tether USDt Tether USDt (USDT) $1.00 ↓ 0.00%
BNB BNB (BNB) $797.44 ↑ 1.91%
Solana Solana (SOL) $185.45 ↓ -0.21%
USDC USDC (USDC) $1.00 ↓ -0.03%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 0.47%
TRON TRON (TRX) $0.32 ↑ 0.82%
Cardano Cardano (ADA) $0.82 ↑ 0.55%
Hyperliquid Hyperliquid (HYPE) $43.20 ↓ -2.14%
Sui Sui (SUI) $4.13 ↑ 3.72%
Stellar Stellar (XLM) $0.44 ↑ 0.57%
Chainlink Chainlink (LINK) $18.48 ↑ 1.20%
Hedera Hedera (HBAR) $0.28 ↑ 7.23%
Bitcoin Cash Bitcoin Cash (BCH) $556.76 ↑ 0.54%
Avalanche Avalanche (AVAX) $24.98 ↑ 4.30%
Litecoin Litecoin (LTC) $113.89 ↑ 0.63%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.05%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.14%
Toncoin Toncoin (TON) $3.30 ↑ 3.36%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.01%
Uniswap Uniswap (UNI) $10.55 ↑ 1.06%
Polkadot Polkadot (DOT) $4.13 ↑ 1.05%
Monero Monero (XMR) $321.59 ↓ -0.63%
Dai Dai (DAI) $1.00 ↓ 0.00%
Bitget Token Bitget Token (BGB) $4.57 ↓ -0.06%
Pepe Pepe (PEPE) $0.00 ↓ -0.62%
Cronos Cronos (CRO) $0.14 ↑ 7.59%
Aave Aave (AAVE) $295.77 ↑ 0.27%
Bittensor Bittensor (TAO) $427.61 ↑ 0.63%
Ethena Ethena (ENA) $0.64 ↑ 5.49%
NEAR Protocol NEAR Protocol (NEAR) $2.89 ↑ 0.57%
Ethereum Classic Ethereum Classic (ETC) $22.88 ↑ 1.21%
Pi Pi (PI) $0.44 ↓ -0.16%
Ondo Ondo (ONDO) $1.05 ↑ 0.80%
Aptos Aptos (APT) $4.81 ↑ 1.19%
Internet Computer Internet Computer (ICP) $5.64 ↑ 0.58%
OKB OKB (OKB) $48.64 ↑ 0.95%
Bonk Bonk (BONK) $0.00 ↓ -4.38%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 10.94%
Mantle Mantle (MNT) $0.80 ↑ 4.25%
Kaspa Kaspa (KAS) $0.10 ↓ -1.69%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 0.90%
Algorand Algorand (ALGO) $0.27 ↑ 2.88%
Arbitrum Arbitrum (ARB) $0.45 ↑ 1.51%
VeChain VeChain (VET) $0.03 ↑ 0.62%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.09%
GateToken GateToken (GT) $17.82 ↑ 1.40%
Render Render (RENDER) $4.22 ↓ -0.35%
Worldcoin Worldcoin (WLD) $1.16 ↓ -0.01%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.16 ↑ 0.70%
Sky Sky (SKY) $0.09 ↑ 1.73%
Sei Sei (SEI) $0.34 ↑ 2.16%
Cosmos Cosmos (ATOM) $4.77 ↑ 1.32%
SPX6900 SPX6900 (SPX) $1.98 ↑ 0.15%
Filecoin Filecoin (FIL) $2.67 ↑ 0.99%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↓ -0.28%
Flare Flare (FLR) $0.03 ↑ 11.47%
Jupiter Jupiter (JUP) $0.56 ↑ 1.21%
Story Story (IP) $5.52 ↑ 1.55%
Curve DAO Token Curve DAO Token (CRV) $1.12 ↑ 7.63%
Injective Injective (INJ) $14.92 ↑ 6.15%
Quant Quant (QNT) $123.25 ↑ 1.62%
KuCoin Token KuCoin Token (KCS) $11.63 ↓ -3.02%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.03%
XDC Network XDC Network (XDC) $0.09 ↑ 3.84%
Celestia Celestia (TIA) $1.94 ↓ -0.78%
Fartcoin Fartcoin (FARTCOIN) $1.32 ↓ -2.48%
Four Four (FORM) $3.37 ↓ -0.43%
Stacks Stacks (STX) $0.81 ↑ 0.45%
Optimism Optimism (OP) $0.72 ↑ 0.66%
FLOKI FLOKI (FLOKI) $0.00 ↓ -0.24%
Ethereum Name Service Ethereum Name Service (ENS) $30.47 ↑ 6.48%
Immutable Immutable (IMX) $0.57 ↑ 0.73%
dogwifhat dogwifhat (WIF) $1.07 ↓ -0.40%
The Graph The Graph (GRT) $0.11 ↑ 0.32%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 0.49%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 4.18%
Kaia Kaia (KAIA) $0.17 ↑ 1.48%
PancakeSwap PancakeSwap (CAKE) $2.83 ↑ 3.09%
Lido DAO Lido DAO (LDO) $1.08 ↓ -1.26%
Sonic Sonic (S) $0.34 ↑ 0.50%
PAX Gold PAX Gold (PAXG) $3,356.28 ↑ 0.07%
Tezos Tezos (XTZ) $0.89 ↑ 0.05%
Conflux Conflux (CFX) $0.18 ↓ -1.10%
Vaulta Vaulta (A) $0.57 ↓ -0.77%
Theta Network Theta Network (THETA) $0.89 ↑ 1.24%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 0.29%
Nexo Nexo (NEXO) $1.31 ↓ -0.47%
IOTA IOTA (IOTA) $0.21 ↑ 1.72%
Tether Gold Tether Gold (XAUt) $3,347.95 ↑ 0.06%
Raydium Raydium (RAY) $3.05 ↑ 1.45%
Gala Gala (GALA) $0.02 ↑ 0.94%
The Sandbox The Sandbox (SAND) $0.31 ↑ 2.05%
Aerodrome Finance Aerodrome Finance (AERO) $0.89 ↓ -0.35%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.13%
Pendle Pendle (PENDLE) $4.43 ↓ -2.00%
Jito Jito (JTO) $2.00 ↑ 1.22%
Home Cryptocurrency

Web3 Leaders Demand Inclusive Crypto Policies from Kamala Harris

Omada Apeh by Omada Apeh
2 October 2024
in Cryptocurrency, News
Reading Time: 3 mins read
0
Web3 Leaders Demand Inclusive Crypto Policies from Kamala Harris!

Web3 Leaders Demand Inclusive Crypto Policies from Kamala Harris!

Vice President Kamala Harris has been called upon for dialogue by the digital lords in Web3 and DeFi space. Following a letter that was sent urging her to favour the pursuit of inclusive crypto policies, powerful players from the blockchain industry and “crypto-verse”, such as the National Policy Network WOC Blockchain and Black Women Blockchain Council, have called for a meeting. This bold move hits home with the major aim being the quest for financial inclusion and technical advancements amongst indigenous communities in the United States.

Table of Contents

Toggle
  • Inclusive Crypto Policies-The Focus 
    • YOU MAY BE INTERESTED
    • Didn’t Catch the Neiro Train? MoonBull Could Be the Best Upcoming Crypto You’ve Been Waiting For
    • Charge with the Bulls: MoonBull Whitelist Opens Early Access for the Hottest New Meme Coin –  SLERF and Cheems Still Climbing
  • Are Current US Crypto Policies Failing Vulnerable Communities?
  • New Era of Invention or Lost Opportunity?
  • The Future of Crypto in the U.S. Policy

Inclusive Crypto Policies-The Focus 

As things stand, The Black, Latino, Asian American, and Indigenous communities—groups who were early users of cryptocurrencies but still encountered difficulties gaining access to the digital economy—are held back the most. This, amongst other reasons, propelled notable figures in the cryptocurrency space to fight for inclusion. As a result, On Tuesday, Cleve Mesidor and Olayinka Odeniran contacted Harris’s campaign staff via a written letter.  In their letter, they emphasized the significance of creating a legal framework that provides adequate backing for blockchain growth and guarantees inclusive crypto policies irrespective of the vulnerability or indigenousness of the populations.

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It is worth noting that despite being among the first communities to embrace cryptocurrencies, these groups continuously face blocks and hindrances to financial resources, hence financial growth, because of antiquated laws, according to one supporter. “We are calling on the administration to establish a system that ensures they aren’t left behind.” Financial giants in this community believe that it is only right to provide equal opportunities for all, pressing forward that communities individuals belong should not be a determining factor to financial growth.

Web3 Leaders Demand Inclusive Crypto Policies from Kamala Harris!
Web3 Leaders Demand Inclusive Crypto Policies from Kamala Harris!

Are Current US Crypto Policies Failing Vulnerable Communities?

There is an incrementing view that the current regulatory regime is leaving communities behind by frustrating full involvement in the digital asset ecosystem. While cryptocurrencies represent a decentralized alternative to traditional finance, such innovation passes many marginalized groups due to asymmetrical resources not only in financial tools but also in education.

These inequities were pointed out in the sent letter, which hit home about the need to ensure that any Web3 regulatory framework does not extend the exclusion in the digital economy of these diverse groups. This is their take: They believe crypto can help attain financial inclusion, provided the rules are written with all people in mind.

“Crypto can empower underrepresented groups,” said Olayinka Odeniran, “but without inclusive crypto policies, the playing field remains uneven.”

New Era of Invention or Lost Opportunity?

This appeal by the leaders comes when the government of the United States has increased scrutiny of the blockchain and crypto sector. As interest in the regulation of decentralized finance is on the increase, Web3 leaders are concerned that overly strict policies might stifle innovation. For this very reason, they believe the moment calls for creating a progressive and inclusive crypto policy that will stimulate economic growth while empowering communities that have been traditionally left behind.

Web3 Leaders Demand Inclusive Crypto Policies from Kamala Harris!
Web3 Leaders Demand Inclusive Crypto Policies from Kamala Harris!

Even though it has been established that the government is wary of digital assets because of fraud and financial stability, critics say otherwise. They believe that appropriate crypto regulations can keep this properly regulated and in check. By supporting inclusive crypto regulations, Biden brings another perspective to the ongoing discussion over how best to regulate cryptocurrencies. 

According to Cleve Mesidor, “Policymakers must strike a balance between safety and innovation.” “If we don’t include the voices of underrepresented communities in these discussions, we risk repeating the same mistakes made in traditional finance.”

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The Future of Crypto in the U.S. Policy

How Kamala Harris and her team will heed this call for inclusive crypto policies is yet to be seen. However, what the advocates say is that her administration can recognize the value of inclusive crypto policies and nurture regulatory conditions to drive innovation and equity.

As the debate continues, one question comes up: Can the US provide a policy framework that accelerates blockchain innovation while ensuring that everyone, regardless of background, benefits from the financial revolution?

The decisions made today within the fast-evolving world of blockchain innovation and decentralized finance will continue to have long-lasting effects on the future of the crypto market.  As this push for inclusive crypto policy ushers in what feels like a pivotal moment for regulators and industry leaders alike, one thing is for sure: the road forward for U.S. crypto regulation must pair innovation with inclusiveness in equal measure.

Learn more about the latest crypto developments from  Turkishnyradio where every update is fresh and engaging. 

 

Tags: defiInclusive crypto policiesKamala HarrisWeb3
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