Regulations are coming — and this DAO wants voices of Web3 users to be heard
A decentralized autonomous organization (DAO) has been established to serve as an ally for every project and business that's embracing Web3.
ThreeOh DAO says the next generation of the internet can bring entrepreneurship, wealth and opportunities to communities around the world — and it wants to represent the interests of Web3 and DeFi users when regulations and policies are being decided.
Those behind the DAO say they have the necessary infrastructure in place to engage with policymakers and make an impact — amplifying the voices of everyone in this nascent industry on national and international stages. Crucially, this organization says it's never driven by big money interests.
Dr. Randy Romich is a co-founding member of ThreeOh DAO, and told Cointelegraph: "We are at a crossroads. For the first time in the history of the financial system, we, the average investor, have the opportunity to affect the regulatory policy surrounding an emerging financial market. We have the opportunity to set the parameters of the markets to benefit the users, not solely big money interests."
Whereas lobbying was once restricted to those with deep pockets, Dr. Romich says things have changed — adding: "Web3 has provided us with the grassroots support, lobbying infrastructure knowledge, and the funding mechanism to support ThreeOh DAO's mission to bridge the gap between Web3 users and the policymakers throughout the U.S."
Work has also begun to establish an international DAO coalition that will advocate for mass adoption worldwide, alongside regulations that are friendly toward users and businesses.
ThreeOh DAO has set out key policy principles on its website — and says innovators "need clear guidance, room and resources to build." The
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