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EPAA Launches to Educate Lawmakers on Ethereum and Blockchain Basics

Key Takeaways

  • ​A new alliance, EPAA, aims to help lawmakers better understand Ethereum and decentralized blockchain systems;
  • The EPAA said past crypto policies favored centralized firms, which leaves public blockchain tech overlooked;
  • Backed by several DeFi groups and the Ethereum Foundation, the EPAA seeks to guide informed blockchain regulation.

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EPAA Launches to Educate Lawmakers on Ethereum and Blockchain Basics

On November 4, the Ethereum Protocol Advocacy Alliance (EPAA) was formed to help policymakers better understand Ethereum ETH $3,325.71 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 AAVE $197.40 Labs, Aragon ANT $0.4306 , Curve, Lido Labs Foundation, Spark Foundation, The Graph Foundation, and the Uniswap UNI $5.23 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.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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