WHY CRYPTO NEEDS A LOBBY

CRYPTOLOBBY REPRESENTS THE INTEREST OF PEOPLE VS BANKING INSTITUTIONS

Regulation of cryptocurrency is a human rights and free speech issue.  The conflicting state-by-state legislation and regulatory barriers to free and open exchange are hindering humanity’s attempt to collectively adopt a decentralized monetary supply, not controlled by a corporation or a nation. Excessive regulation impedes free communications between people and slows innovation.  The conflicting state-by-state legislation and regulatory barriers to free and open exchange are hindering humanity’s attempt to collectively adopt a decentralized monetary supply, not controlled by a corporation or a nation.  Freedom of speech and other political freedoms are often squashed when access to the money supply is blocked.  Cryptocurrency itself is an expression of the basic human right to communicate with one another and make simple transactions without first involving a nation-state or paying a toll to a corporation.

The success of Bitcoin and other cryptocurrencies promises to disrupt the power of nation-states and banking institutions to dominate, regulate and control the monetary system.  Loss of economic control and decentralization of monetary controls is at the heart of billions of dollars of lobbying investments generating regulations to limit the utility of cryptocurrency.  An example of a banking industry funded regulatory roadblock is New York’s BitLicense, a business license of virtual currency activities issued by the New York State Department of Financial Services (NYSDFS).  The result of New York’s enactment of the BitLicense was an exodus of innovative cryptocurrency business.

By lobbying, corporations and banking institutions use their billions of dollars in lobbying power to change laws to favor them and their profits.  Banking institutions are not willing to lose economic control.  Decentralization of monetary controls threatens the power of those who control the money supply, so they are investing billions of dollars of lobbying investments generating regulations to limit the utility of cryptocurrency.  With CryptoLobby, human beings can also use their collective lobbying power to change laws to favor them and their human right to exchange value with one another and to privately communicate.

CryptoLobby advocates for the potential human benefit achieved by access to cryptocurrency, and the freedom to exchange value between people without censorship and without relying on the currency of a nation-state or corporation.

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Why Crypto Needs a Lobby by MonaLisa Wallace, Esq. is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
Based on a work at https://cryptolobby.com.