We should create a DAO to fund a lobby to get Congress to write legislation that will protect the industry from regulators. It’s a perfect use-case, we should act now before regulation potentially complicates things.


Pretty much self explanatory. Pharmaceutical industry gets away with murder. Why? Bc they have lots of money to lobby in DC. Same with all major industries. Yet crypto currency has a relatively small lobby – but we could change that via crowd funding. Let’s face it, the SEC can’t stop crypto, but they can make life hell for American participants. The SEC can’t do anything without a directive from Congress – if we can pull together enough resources, we can create a structure to hand to Congress (they work for us after all) and Congress can put Gensler in his place. I’m no engineer- can anyone put this together?

submitted by /u/AutonomousAutomaton_
[link] [comments]