This winter has been a tough one for cryptocurrency investors. While it is not clear when the market will begin to fully recover, one clear thing is that consumers have been left out in the cold.
While much of the media’s attention has been appropriately focused on the federal government’s attack on crypto in Washington, D.C. the other battle that has yet to be given much attention is what’s going on at the state level.
Right now, legislators are looking at different frameworks to regulate digital currency in state capitols across the country. To do this, they are meeting with lobbyists representing the banking industry, financial sector, exchanges, blockchain developers, and token developers.
It’s great to see that more and more governments are starting to open the doors to the crypto sector. But what are they doing to protect our privacy? How are they going to accept payments without compromising the security of our wallet information? Questions like this and many others must be considered as the legislation to regulate this sector is crafted.
Additionally, these state frameworks will play a significant role in how the federal government creates its own digital currency regulation program. If we, the consumer, want to ensure that the new regulatory structure for the blockchain sector protects people like us, now is the time to make our voices heard!
That’s why we have to ensure that, as consumers and investors, we have a seat in the policy-making process. Because ultimately, if we’re not at the table, we will be on the menu.
Our Voice Matters
One of the biggest problems in politics is that big-money players have successfully made people believe that their voice doesn’t matter. If there’s one thing I’ve learned in the last decade I’ve worked in politics, it is this; “history is written by those who show up.” Your voice is only ineffective if you don’t use it.
That’s why it’s imperative that we stop tweeting and start writing letters, making phone calls, and visiting lawmakers in their offices. We need to let our representatives know how we feel about this issue and that they must protect us.
An Organized Response
It might seem too easy to simply pick up the phone or send a letter. But, as somebody who spent the last decade working at the local, state, and federal levels to regulate the cannabis sector, I can tell you that an organized response is the only response that will get any results.
That is why last year, I and a handful of other investors and advocates came together to launch the Digital Currency Traders Alliance. Our goal was to create the infrastructure needed for a solid, grassroots, organized response from crypto consumers.
Since our inception, we have effectively reached out and educated lawmakers in California’s State Capitol. But that was only the beginning; this year, we expect cryptocurrency regulation legislation to be introduced in state legislatures in over half of the country.
This is why we’ve created our Crypto Consumer Legislative Handbook that can be shared directly with lawmakers. We’ve also created a legislative action portal that allows you to locate and contact your lawmakers directly from our website.
We have an unprecedented opportunity to educate the lawmakers that will write the laws that will govern our future financial system. If we don’t make our voices heard now, we may lose the opportunity to be a part of this conversation in the future.
The moment has come.
Our time is now!
Are you ready?
