Cryptocurrency-focused investment firm Paradigm will hold its first public event in Washington, D.C., on November 16, with the aim of increasing understanding of the Web3 technology that U.S. lawmakers and other policymakers are seeking to regulate. do.
Hands-on Web3 will be held about a week after the U.S. midterm elections, in which 435 House seats and 35 Senate seats will be on the ballot, potentially changing the landscape for Congress and crypto regulatory efforts.
“I often think it’s like asking someone who has never seen rain to design an umbrella,” Katie Beaver, Paradigm’s chief legal officer, told CoinDesk in an interview. “What we're trying to do is change that. To experience cryptocurrencies is to understand cryptocurrencies.”
Hands-on Web3, held at Union Station in Washington, DC, will be tailored for policymakers, academics, and the media. The event will feature demonstrations from non-fungible token (NFT) marketplace OpenSea, cryptocurrency exchange FTX, crypto music startup Royal, and more. The demo will include ways for participants to get hands-on experience with crypto trading, including setting up a wallet and joining a decentralized autonomous organization (DAO).
“There are ethical restrictions that prevent some offices from owning cryptocurrencies,” said Paradigm U.S. policy manager John Heineman, who previously worked on the House Financial Services Committee. “That's why each booth brings its own device so people can play with it without violating any ethics rules.”
The event included former Speaker of the House Paul Ryan, Sen. Cory Booker (DN.J.), Georgetown University Law School's Chris Bloomer, Uniswap Labs Chief Operating Officer Mary Katherine Rader, and Ritchie.・Congressman Torres (New York State). Beaver said special guests will appear at the event's reception and will briefly share their thoughts on topics such as decentralized finance and recent developments in DAO regulation. His work experience includes stints as general counsel for digital asset firm Anchorage and the 2012 presidential election campaign. For Mitt Romney.
“Our internal mantra for this event is that it's all about technology and no politics,” Bieber explained. “This is not an opportunity to lobby or load attendees with legislative ideas. This is purely to give attendees a look at the technology and policy we feel it brings to the world.” It's a stimulating influence. ”
Updated (17:23 UTC): Updated citation in last paragraph to correct wording..
