In what can only be described as a splendid exercise in collective cheek, the crème de la crème of Ethereum’s crew – Aave, Uniswap, Lido, and a few others – have taken to forming what might be the most exclusive club since the Reform Club. Their mission? To charm, cajole, and perhaps even tickle the regulators into a less hostile disposition. And oh, what a merry band of movers and shakers it is!
Seventh heaven, or at least seventh protocol, has just announced the launch of the Ethereum Protocol Advocacy Alliance. Think of it as the Avengers, but for blockchain policy-minus the capes, plus a dash of earnest lobbying. The aim? To push ‘pro-crypto’ legislation like a 19th-century baron might push his luck at the card table.
- Seven top Ethereum protocols-because why not give the regulators a headache in style?
- Included: Aave, Aragon, Curve, Lido, Spark, The Graph, and Uniswap-plus an impressive combined wallet size of over $100 billion.
- Their plan? To get the law-makers to see things our way-namely, that decentralization isn’t just a fancy word, but a way of life! 🎩
Meanwhile, regulators across the globe are doing their best impression of rabbits in headlights, trying to catch up with the wild crypto herd. Wednesday, Nov. 5, saw these stellar groups band together on a noble quest to persuade the powers-that-be that blockchain is the future – or at least a future worth not strangling in its crib.
These gladiators of the blockchain arena aren’t just toys; with over $100 billion dancing in their digital wallets, they’re a potent bunch. And when Brian Nistler from Uniswap quips that they’ve faced enough scrutiny to fill a detective novel, you get the sense that some folks are ready to turn down the heat.
“The Uniswap ecosystem has faced undue regulatory scrutiny in the past-that’s why we know how critical it is for actual builders to have a seat at the table when policy for decentralized financial systems is being shaped,” said Brian Nistler, General Counsel of the Uniswap Foundation. (Sounds about right-nothing like a good old-fashioned regulatory roast!)
Decentralization: The crowd’s favorite buzzword (and yes, they want more of it)
A taste of what the public is craving: according to a Strategy & PwC survey, folks are increasingly keen to have a slice of crypto pie-anywhere from 5% to a hefty 20% slice, depending on how brave they are. Meanwhile, a DeFi Education Fund and Ipsos study reveals that 56% of Americans want to be the boss of their money-because who doesn’t love a little personal financial sovereignty?
And let’s not forget, 42% of folks would give DeFi a whirl if only the legislative lords would throw them a bone-a clear case of “don’t just tell us to wait, show us the way!” According to Lido Labs, Ethereum’s decentralization is basically the digital equivalent of a family-sized loaf of bread-unbreakable and reliably there.
“Decentralization is the foundation of Ethereum’s credibility and resilience, and through the EPAA, we’re ensuring that policy recognizes and protects this principle,” said Sam Kim, Chief Legal Officer of Lido Labs Foundation. (Trying to keep the crypto purist flag flying high, one block at a time!)
Meanwhile, the crypto firms have skillfully drained over $130 million into the 2024 U.S. elections-more than enough to buy a small country-and are now stocking up their war chests with a cool $263 million for the midterms. Democracy has never been so well-funded… or so nervously observed.
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2025-11-05 22:27