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On November 4, the Ethereum Protocol Advocacy Alliance (EPAA) was formed to help policymakers better understand Ethereum
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and blockchain technologies.
According to the EPAA, past policy discussions have often favored centralized crypto companies. This has led to public blockchain technologies being misunderstood or not considered in the policymaking process.
The EPAA stated, “This imbalance has often left the principles and technologies underpinning on-chain infrastructure misunderstood or overlooked”.
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Several teams from the decentralized finance (DeFi) industry are part of this alliance. These include Aave
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Labs, Aragon
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, Curve, Lido Labs Foundation, Spark Foundation, The Graph Foundation, and the Uniswap
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Foundation.
Each of these groups plays an important role in building and maintaining tools and services that run on Ethereum without relying on third-party control.
These organizations support more than $100 billion in assets through systems that do not rely on intermediaries. The group said it will use its experience to guide policy and offer practical regulatory ideas that reflect how decentralized systems operate.
The Ethereum Foundation, a long-standing part of the Ethereum network, supports this initiative. Tomasz K. Stańczak, the foundation’s co-executive director, said the foundation supports this “community-led coordination on advocacy”.
The Ethereum Foundation recently announced the launch of a new website, institutions.ethereum.org. What is the purpose of this site? Read the full story.
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