What web3 Regulation Needs

US regulation of crypto, blockchain, and web3 has become a very hot topic. With both the House and Senate having hearings on the collapse of FTX this week, its clear regulation is coming. But the details of regulation matter and the stakes are high, well intentioned regulation with harmful unintended consequences looms. Lets chat about what web3 regulation needs.

Research & Attribution:
https://twitter.com/milesjennings/status/1550541476274348034
https://www.statista.com/statistics/804748/worldwide-amount-crytocurrency-ico-projects/
https://www.reuters.com/legal/transactional/us-securities-regulators-win-case-against-crypto-company-lbry-2022-11-07/
https://www.congress.gov/bill/117th-congress/senate-bill/4356/text

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Web3 Working Group is a 501(c)(3) nonprofit organization. Our purpose is to educate about web3 infrastructure and how it's distinct from financial services in the cryptocurrency industry. We educate about how web3 infrastructure will decentralize the web and permanently restore user control of cyberspace, replacing centralized control with transparent and permissionless protocols through incentives aligned with users. See more at www.web3wg.org