Crypto entrepreneurs from around the country are arriving in D.C. this week, joining Coinbase CEO Brian Armstrong to lobby lawmakers for pro-crypto legislation
Crypto entrepreneurs from around the country are arriving in Washington, D.C., this week, joining Coinbase CEO Brian Armstrong to lobby lawmakers for legislation they say could bring much-needed regulatory certainty to the industry.
Coinbase COIN, +0.71% helped organize Stand with Crypto Day to take place Wednesday, Sept. 27, in order to raise awareness of what it says are the diverse group of Americans who hold crypto and the economic benefits of the new technology. “It’s so disheartening to see institutions in this country proclaim that crypto is a scam,” he said in an interview. “I live this thing every single day, and I don’t encounter the scammers these people are talking about.”
Crypto Tutors also organizes the annual Web3 Diversity Conference aimed at highlighting crypto entrepreneurs from diverse backgrounds — a topic important to Blankenship and Francoeur as women of color in an industry often seen as dominated by men. But experts say the volatility of cryptocurrencies like bitcoin BTCUSD, -0.52% and ether ETHUSD, -0.06% — and the fact that they produce no income in the form of interest payments or dividends like stocks or bonds do — means that they are not a reliable path to wealth-building in themselves.
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