Why is it important?
Government Regulation can either be the greatest ally or the greatest enemy of Blockchain, they must have the best guidance possible.
What does success look like?
Success would be measured in legislation advanced or defeated; public and political opinion; and legislation proposed in favor of Cardano.
Key Metrics to measure
Number of jurisdictions favored through lobbying
Number of laws that have been modified
Number of experts in regulation, lawyers, and other members involved
Number of partnerships and collaborations with organizations and non-profits that work in the same cause
Number of votes of politicians engaged
Challenge brief
This Challenge Setting is brought to Fund 9 by the Challenge Team from Fund 7 and 8.
The idea behind this challenge is to fund advocates for regulation, lawyers, non-profits, PACs, and politicians who can promote the creation of an environment of laws that are more favorable or less harmful to the crypto space, with a focus on PoS and on Cardano’s particularities.
Through this challenge, we seek to fund proposals that advance the adoption of Cardano in certain jurisdictions, as happened recently with Bitcoin in El Salvador.
Lobby and educate rational politicians so that it becomes possible to plead for the creation of more favorable rules on taxation, use of cryptocurrencies, and greater privacy for cryptocurrency users.
Above all, we seek to oppose legislation that would harm adoption and the cryptocurrency industry, such as the recent Infrastructure bill, and it’s impossible to obey or enforce cryptocurrency provisions.
https://freemanlaw.com/the-build-back-better-act-tax-implications-for-cryptocurrencies/