Crypto Policy Bootcamp: A Step Towards Effective Advocacy
The Power of Collaboration
Polygon Labs and the Solana Foundation recently co-hosted the first Crypto Policy Bootcamp in Washington D.C., bringing together founders, CEOs, VCs, and other stakeholders in the crypto space. The event aimed to equip participants with the knowledge and skills necessary to engage effectively in policy conversations on Capitol Hill and beyond.
The Bootcamp focused on the United States and provided a platform for policymakers, industry experts, and Congressional staffers to discuss the current state of crypto legislation. The event covered various aspects of policy work, including different types of advocacy, and how to effectively tell the story of the value of blockchain.
A Critical Step Towards a Healthy Democracy
According to Amira Valliani, Head of Policy at the Solana Foundation, “Learning to effectively engage in the political process is foundational to a healthy, functioning democracy. I’m proud that we were able to collaborate across industry to educate builders on becoming engaged citizens.” Solana Foundation and Polygon Labs collaborated to bring together a range of stakeholders, recognizing the importance of collective effort in shaping policy.
The event was designed to promote relationships between industry experts, policymakers, and Congressional staffers, laying the groundwork for effective policy making. Rebecca Rettig, Chief Legal & Policy Officer at Polygon Labs, noted that the Bootcamp was “nothing short of energizing” and highlighted the importance of creating specific action items to empower the industry for effective engagement.
Key Takeaways from the Bootcamp
The event provided participants with a wealth of knowledge and insights, which can be applied to become effective advocates for the industry. Some key takeaways include:
How to be an Effective Advocate
- Reach out to your member of Congress (in your District). It’s surprising how few members hear about blockchain from operators and builders in the space.
- Let your expertise shine. Industry stakeholders are reliable sources of expertise. Members of Congress and staff are eager to learn from experts.
- You can be a guide. Consider showcasing how your project works.
- Offer relevant and unbiased information relevant to a state or district. Industry experts have the opportunity to become reliable sources of expertise and can more easily remain engaged in policy as it is developed.
- Not sure who your Member of Congress is? Find them here.
Storytelling Matters
- Learn to tell your story succinctly and in plain language.
- Be clear. There is a huge knowledge gap, and clarity is key.
- Focus on impact. How specifically does a project have a positive impact that isn’t possible without blockchain?
- Diversify the media where stories appear. Tell stories on social media, op-eds, and blog posts.
Legislation is a Process
- Getting a bill passed into law is a long and complicated journey.
- And the U.S. government has numerous bodies that work in both the legislative and regulatory space.
- Two bills recently passed out of Committee (one on market structure and one on stablecoin), which are monumental steps for crypto legislation.
Conclusion
The Crypto Policy Bootcamp provided a valuable platform for industry stakeholders to learn about policy work and engage with policymakers. By sharing knowledge and best practices, the event aimed to empower participants to become effective advocates for the crypto space. As the industry continues to evolve, the need for collaboration and education will only continue to grow.
FAQs
Q: Why is policy work important for the crypto space?
A: Policy work is crucial for the crypto space as it allows industry stakeholders to shape emerging frameworks and advocate for the industry’s best interests.
Q: Who was involved in the Crypto Policy Bootcamp?
A: The Bootcamp brought together founders, CEOs, VCs, and other stakeholders in the crypto space, along with policymakers, industry experts, and Congressional staffers.
Q: What are the key takeaways from the Bootcamp?
A: The key takeaways from the Bootcamp include how to be an effective advocate, the importance of storytelling, and an understanding of the legislative process.
Q: Will there be future Bootcamps?
A: Yes, the Solana Foundation and Polygon Labs have plans for future Bootcamps, including sessions outside of Washington, D.C. and open to a wider group of participants.
