Cryptocurrency: Action - Join Digi Currency Trade Alliance - Bleat Args At US Congress

[grarpamp]

Change the script, argue for Freedom, Privacy, Transparent Exchanges,
Privacy Coins, DEX, Alternate Currencies...


https://joindcta.org/

Stop the SEC attack on crypto - email congress today using our free
tool! (self.CryptoCurrency)

submitted 5 hours ago by DCTAorg☑️ DCTA Official

and call them on Monday...

Hi r/cryptocurrency!

Many of you know about the Digital Currency Traders Alliance (DCTA) -
we are a nonprofit coalition of retail investors, consumers, traders,
businesses, and thought leaders in the Digital Currency space focused
on ensuring the future of digital currency is equitable and open to
all.

Our latest project is DCTA’s #StoptheSEC Action Days 2023, aimed at
getting cryptocurrency consumers engaged in the national legislative
process in order to reign in the SEC. Our goal is to connect consumers
with their federal representatives so they can communicate how much
the SEC has hurt their investments.

As you all know, the SEC continues to refuse to proactively issue
regulatory guidance for the sector and instead prefers to set policy
through enforcement actions. This doesn’t help consumers - the SEC’s
inaction harms us by not tackling bad actors when it is needed and
their overreaction after the fact.

Take 30 seconds out of your day and contact Congress using our free
and easy tool at https://joindcta.org/advocacy/stop-the-sec/.

It will directly connect you with your representatives and even
includes a sample script for you to use.


we (the Digital Currency Traders Alliance) are working with some of
the members of the California Legislature on legislation to help
reduce scam / fraudulent projects, with a specific focus on pump and
dumps, account hacks, and phishing attempts.

The legislators we are working with asked us to gather some examples
of how you, everyday users, have been impacted or fallen victim to
these kinds of scams.

We are reaching out to hear your stories and experiences -.thank you
in advance for your help.

In response to the recent regulatory actions at the state and federal
levels aimed at the digital currency sector, the Digital Currency
Traders Alliance (DCTA) has launched its Legislative Advocacy Portal,
which will allow consumers to track and get updates on crypto
legislation at the federal and state level.

The Advocacy Portal Automatically tracks who their state and federal
representatives are and allows them to automatically send their
representatives a letter and a link to the DCTA Legislative Crypto
Consumer Handbook, which outlines best practices for protecting
consumers when legislators are considering crypto currency
regulations.

Right now, we have a once-in-a-lifetime opportunity for retail
cryptocurrency consumers to organize and speak up as our government
creates the foundation for how the crypto and blockchain sector will
be regulated for decades to come.

It is imperative that your voice is heard and recognized in the
legislative process!

Go to https://joindcta.org/ today to let your lawmakers hear from you!



The Digital Currency Traders Alliance is looking to expand its team!
(self.CryptoCurrency)

submitted 5 months ago by DCTAorg☑️ DCTA Official

Hey everyone! This post is for those of you that are looking for an
opportunity to get involved in the politics of this emerging sector!

The Digital Currency Traders Alliance is looking for
volunteers/interns (the entire team is all volunteers right now) to
help with social media and communications.

Some of the duties for the position are as follows:

    Assist staff with implementing DCTA’s 2022 Strategic Plan
    Assist with updating and maintaining DCTA’s social media presence, including
        Reddit
        Discord
        Twitter
        Instagram
        TikTok.
    Assist with additional administrative tasks as necessary

We are looking to bring on several individuals to assist us. If you
feel you can only accomplish part of the listed duties we would still
ask that you apply.

Skills Needed:

    Deep knowledge of social media platforms and insight into content
that performs best on each platform.
    Familiarity with crypto/blockchain blogs and resources, including
Twitter personalities, crypto subreddits, and Discord channels.
    Basic knowledge of the cryptocurrency and blockchain sectors.
    Firm grasp of available tools and platforms in the social media space.
    An effective communicator, both written and oral.
    Ability to communicate in a professional manner with press and
community contacts.
    Self-motivated, good organizational skills, detail-oriented,
ability to prioritize, multi-task and meet deadlines.
    Enthusiasm for the mission of DCTA and the consumers we serve.

We are looking for applicants who are interested in working hard, but
most importantly working hard for a cause that matters and in a place
they can really make a difference in the crypto policies shaping our
country moving forward.

Applicants should support the goals of the Digital Currency Traders
Alliance. This position will require 8-12 hours per week and
College/University credit is available.

Who We Are

The Digital Currency Traders Alliance is a nonprofit coalition of
retail investors, consumers, traders, businesses, and thought leaders
in the Digital Currency space founded by a team of California-based
lobbyists and public policy experts.

Our mission at DCTA is to ensure that the future of digital currency
trading is equitable and open to all by educating policymakers about
the digital currency sector, promoting consumer protections, and
giving a voice to everyday consumers. We want to ensure that
decision-makers have the knowledge that they need to craft and adopt
regulations and best practices that appropriately balance growth and
innovation with robust consumer protections.

For more information or to submit a resume for consideration please
email: [nate at joinDCTA.org](mailto:Nate at joinDCTA.org).

I know a lot of folks here are pretty anti-regulation/government. But
I can’t help but think how some pretty basic regulations could have
helped reduce the severity of the recent meltdown and the contagion
from Terra > Celsius > other big funds/service providers. Things like
mandatory disclosures to users, rules for use of held customer funds,
protections for bankruptcy, or deposit insurance a la FDIC.

So I did a quick writeup on some of the pros and cons of regulating
crypto and look at what that future might look like and what the
legislators we’ve been talking to are actually trying to regulate. To
be clear: right now U.S. regulators are mainly focused on regulating
centralized service providers like Celsius. Most regulators know
enough to know that they have little control over what actually
happens on-chain, so the current focus is on businesses that provide
services off-chain that can be regulated (if they want to operate in a
given jurisdiction)

Downsides of regulation

    Increased compliance burden - service providers would have to be
licensed and provide more thorough insight into operations and data.
This will result in costs passed down to users, and may also prevent
smaller players from being able to operate.

    Restricted services - similar to how Celsius restricted Earn to
accredited investors (prior to their meltdown) or how Coinbase/COMP’s
fixed APR products were killed last year, we would undoubtedly see
restrictions on what services providers can offer in the first place.

    Stifling innovation - the above two points add up to big burdens
for small players that would likely stop many small teams from being
able to operate.

Upsides of regulation

    Preventing Bad Actors - team filings and mandatory disclosures
(risks, marketing, influencers, token issuance, etc) would make it
harder for anonymous teams to manipulate markets and run rug
pulls/PnDs.

    Tax Clarity - it’s hard to imagine worse tax law for crypto than
we have now. Letting users make small transactions and taxing
mining/staking/airdrops when disposed would eliminate a lot of tax
headache.

    User protections - codifying things like bankruptcy protections,
customer service/uptime requirements, user privacy/security standards,
etc. The Lummis-Gillibrand RFIA had provisions for this included.

    Green-lighting innovation - regulatory clarity would give many
businesses the confidence needed to expand and invest in U.S.
operations. This could help offset the loss from other businesses that
are driven away due to regulation.

    Widespread adoption - not everyone is technical enough to interact
with DeFi and manage their wallets safely. Entities like Celsius were
a great way to onboard nontechnical users, assuming they were safe and
had proper user protections.

Check out the full post here: https://joindcta.org/crypto-regulations-pros-cons/

Sure, there are going to be some growing pains, and there’s always the
chance that regulators get this wrong and we end up stuck with some
bad laws. This is why we want to make it easy for crypto users to
track crypto legislation and contact their reps. Legislators
absolutely will listen to us if we make enough noise together, and now
is the time to make sure our rights as users are codified as the first
real crypto laws are written. It's also a great time to let reps know
how important this issue is going into midterms. Check out
https://joindcta.org/advocacy/ if you want to learn more and make your
voice heard.

We want to make this a useful resource - are there any pros/cons of
regulation we forgot to mention above? What are your biggest concerns
as crypto starts to get regulated?


Stop the SEC attack on crypto - email congress today using our free
tool! by DCTAorg in CryptoCurrency

[–]DCTAorg[S] 2 points 5 hours ago

we've got a lot of requests over the last few days to do an
international Call to Action.
We're working on the plan right now!

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Stop the SEC attack on crypto - email congress today using our free
tool! by DCTAorg in CryptoCurrency

[–]DCTAorg[S] 4 points 5 hours ago

It really does!!

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Stop the SEC attack on crypto - email congress today using our free
tool! by DCTAorg in CryptoCurrency

[–]DCTAorg[S] 2 points 5 hours ago

Thanks!!

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Stop the SEC attack on crypto - email congress today using our free
tool! by DCTAorg in CryptoCurrency

[–]DCTAorg[S] 6 points 5 hours ago

Right now it's just the states. But we've got a lot of requests over
the last few days to do an international Call to Action.
We're working on the plan right now and should be announcing an
international version in the next couple weeks.

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134

Stop the SEC attack on crypto - email congress today using our free
tool! (self.CryptoCurrency)

submitted 5 hours ago by DCTAorg to r/CryptoCurrency

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AOC criticizes Christian Super Bowl ads, says Jesus would not fund
commercials to 'make fascism look benign' by GDPisnotsustainable in
politics

[–]DCTAorg 1 point 11 days ago

Amen!!! As a fully grown pastor’s kid I have been screaming this for years!!!

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12

California lawmakers are looking for stories about common crypto scams
(self.CryptoCurrency)

submitted 25 days ago by DCTAorg to r/CryptoCurrency

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0

The Digital Currency Traders Alliance is looking to expand its team!
(self.CryptoCurrency)

submitted 5 months ago by DCTAorg to r/CryptoCurrency

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The Government is regulating crypto, make sure your voice is heard! by
DCTAorg in CryptoCurrency

[–]DCTAorg[S] 2 points 5 months ago

Thanks!

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The Government is regulating crypto, make sure your voice is heard! by
DCTAorg in CryptoCurrency

[–]DCTAorg[S] 2 points 5 months ago

Our executive director did cannabis policy for over 10 years and heard
the “our voice doesn't matter" line countless times.
You would be shocked at how legislators react when they start
regularly hearing from educated constituents on any specific issue.

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The Government is regulating crypto, make sure your voice is heard! by
DCTAorg in CryptoCurrency

[–]DCTAorg[S] 3 points 5 months ago

One of the biggest frauds of our lifetime is that big money has been
able to convince average voters that their voice doesn't matter.
Our team have been advocates for over a decade and have successfully
taken on corporate interests time and time again.

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The Government is regulating crypto, make sure your voice is heard! by
DCTAorg in CryptoCurrency

[–]DCTAorg[S] 3 points 5 months ago

The portal is actually free to use!

People who want to support our work are also free to do it!

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7

The Government is regulating crypto, make sure your voice is heard!
(self.CryptoCurrency)

submitted 5 months ago by DCTAorg to r/CryptoCurrency

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New Bipartisan US Bill Puts CFTC In Charge Of Regulating Bitcoin And
Ethereum by jakkkmotivator in CryptoCurrencies

[–]DCTAorg 1 point 6 months ago

Good, rather the CFTC than the SEC. Same as was proposed in June in
the RFIA bill. It looks like the legislative consensus is that most
coins that serve the purpose of directly helping a network run through
PoS staking or PoW rewards will be commodities under the CFTC's
jurisdiction.

The problem that this bill still does not address is how to make the
distinction between commodity and security for the other 99% of
tokens. The RFIA proposed "commodity by default" and then any tokens
that granted the following would be considered a security:

    Voting rights with respect to that entity.

    Rights to interest, dividend payments, or profits with respect to
that entity.

    A debt or equity interest in that entity.

    Liquidation rights with respect to that entity.

Meaning whatever bill ends up passing, the SEC will probably get
jurisdiction over anything DeFi and many of the interesting things
being done in the ecosystem, and future legislation will probably not
rock that boat. So yeah, great to see continued support for BTC and
ETH to be commodities under the CFTC, but still a lot of things for
regulators to figure out about the rest of the market and use cases.

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US Senators propose bill to exclude crypto transactions under $50 from
taxes. Another step in the right direction. by partymsl in
CryptoCurrency

[–]DCTAorg 1 point 6 months ago

Yup. Which is one of the many reasons why we desperately need to be
talking to legislators and get this changed to "taxed when disposed
of, not earned." The Lummis-Gillibrand RFIA proposed back in June
would do exactly this, although that bill seems unlikely to pass at
this point.

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Sure centralized platforms and projects might be easier to navigate
but this comes at the huge cost of custody. Never forget that. by
[deleted] in defi

[–]DCTAorg 1 point 7 months ago

Generally agreed, but you have to admit that these centralized
platforms do play a positive role in crypto adoption. Not everybody is
capable of being their own bank, managing their own keys, or using a
web3 wallet. If you want to bring these users into the ecosystem, a
centralized crypto platform is a great solution. Remember all the
posts last year about people who onboarded friends/family to the
benefits of crypto via celsius?

The problem is that there are no rules on what these platforms can do,
and so they generally end up doing shady shit when they think no one
is looking. What we need is sensible regulation and protections on
these custodial service providers to keep them from doing shady stuff
behind the scenes. Things like:

    requirements on how customer funds can be used

    bankruptcy protections so users can recover their assets (or
deposit insurance)

    required disclosures for product risks

The recently proposed RFIA bill in the senate had clauses for user
protections on all the above points, although that bill is currently
on hold til 2023 from the looks of it. The future of crypto isn't 100%
pure decentralization all the time, it's going to be about integrating
blockchain with existing tech and frameworks for a better, more
transparent and equitable system. DeFi will always be there for the
users that want it, and centralized service providers will be there
for those who aren't ready to make that leap yet.

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Regulation could have prevented some of this… (self.CryptoCurrency)

submitted 7 months ago by DCTAorg to r/CryptoCurrency

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Celsius lawyers claim users gave up legal rights to their crypto. by
Socialinfluencing in CryptoCurrency

[–]DCTAorg 5 points 7 months ago

Everyone saying "not your keys not your crypto" is ignoring the fact
that apps like Celsius help bring crypto adoption to non-technical
users by abstracting away complexity. A year ago everyone was
onboarding their friends & family through Celsius, and it was
generally seen as a big victory for the space. Do you all trust your
parents or grandparents to manage their own private keys? Should we
just gatekeep out all the non-technical folks?

Instead of saying "I told you so" after a centralized platform loses
user funds, why don't we instead try to proactively regulate these
platforms before something bad happens? For example the RFIA bill that
was proposed last month had clauses specifically for:

    restricting use of deposited customer funds (no yield farming w/ deposits)

    protecting user deposits in the event of a bankruptcy

Celsius can put whatever they want in their ToS, but at the end of the
day it all still has to comply with existing laws and be upheld in
court. That said, laws specific to crypto are minimal and vague right
now which just drives home the point that we need smart regulation and
consumer protections in this space to prevent big players from abusing
their end-users like this.

I know many folks here are probably resistant to regulation in crypto,
but now is literally the best time to get involved and make your voice
heard to ensure we get proper consumer protections as crypto becomes
more mainstream.

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US Senator Says Too Many Crypto Firms Are Able to Scam Customers —
Urges SEC to Regulate by Beyonderr in CryptoCurrency

[–]DCTAorg 1 point 7 months ago

Regulation was coming long before Luna & Celsius melted down, they
just became focal points for the conversation since a lot of people
lost a lot of money in a very short timeframe. Many here are generally
against regulation, but what's so bad about regulating centralized
service providers from making sure they can't do shady things with
user funds? Regulation is also how we get things like deposit
insurance, customer service standards, and other basic user
protections.

The recent crypto regulatory framework that was proposed in June
literally has clauses that would have prevented exactly what Celsius
was doing and might have prevented this whole market-wide implosion. I
guess my point is: regulations are coming to crypto, like it or not.
If you're concerned regulators will get it wrong, then get involved in
the political process, contact your reps about crypto, and make your
voice heard.

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2

Verification Request: DCTA (self.CryptoCurrencyMeta)

submitted 7 months ago by DCTAorg to r/CryptoCurrencyMeta

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Yesterday European Commission agreed on a deal for stringent and
invasive AML for all crypto services, including linking your onchain
wallets to user's KYC details. This drastically destroys user's
privacy by Set1Less in CryptoCurrency

[–]DCTAorg 1 point 7 months ago

I understand the gut reaction to think "this is invasive and an
overreach on the EU's part, the government is going to ruin crypto,"
but this is a pretty positive step. Everyone here wants crypto to go
mainstream and help build a better, more equitable financial system -
but you don't get there without the blessing of the world's major
governments.

This ruling gives crypto more formal legitimacy in the EU. P2P
transactions and anything purely onchain would be unaffected, so you
can always go that route if you're concerned. Much of this info is
already easy enough to figure out with chain analysis if you've ever
done any KYC with any centralized exchange, this just formalizes the
process by making you confirm what they already know.

If this sort of news worries you take a step back, look at the bigger
picture, and realize that this is actually a big step forward for
crypto adoption.

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[deleted by user] by [deleted] in CryptoCurrency

[–]DCTAorg 1 point 8 months ago

Do you trust your grandparents to manage their funds on a hardware
wallet? What about the friend that regularly has their social media
accounts compromised by clicking on phishing links?

Not your keys, not your coins is simply not a viable long-term
solution for the average user. Hardware wallets are great for the OGs
in this space, but if you want wider adoption and crypto to actually
be used globally, it needs to have a better user experience for casual
users and late adopters.

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[deleted by user] by [deleted] in CryptoCurrency

[–]DCTAorg 1 point 8 months ago

You aren't wrong, but how do you realistically expect a newbie to this
space to vet every single claim that is thrown at them? The sheer
volume of misinformation is astounding, and it takes many users in
this space months or years to even have a basic and partial
understanding. The whole point of regulation is to pass part of this
burden from the end-user up to the regulators and service providers
directly, making it easier for users to safely adopt.

Of course, no government can really regulate DeFi and DAPPs, so those
products will always be available to the technically savvy like you &
me. But how many people were using Celsius or other CeFi platforms to
casually onboard friends and family to crypto? These centralized
platforms can and should be regulated, especially if we ever want
crypto to see more widespread use than it currently does. Regardless,
regulation is coming, so best be a part of that conversation when it
does.

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[deleted by user] by [deleted] in CryptoCurrency

[–]DCTAorg 1 point 8 months ago

Many in this space don't want to admit it, but cases like this are why
regulation exists, and it isn't the boogeyman many think it is. If we
all want crypto to become mainstream and act as the backbone of a new
financial system, there must be regulations in place to prevent bad
actors and protect the less technical users out there.

For example, the recent draft of the Responsible Financial Innovation
Act had multiple clauses that would have expressly prohibited what
Celsius was doing with user funds, and protections in place for users
if/when they go bankrupt. That bill is far from perfect, but the
consumer protections are a step in the right direction and the sort of
language that we need to reiterate with lawmakers as they begin to
draft crypto legislation over the next 1-2 years.

Make no mistake, regulation is coming to this space, and it's coming
fast. All you can do as an end-user is make your voice heard to ensure
that politicians don't mess it up when it does happen.

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I’m having a hard time making sense of DeFi by imnessal in defi

[–]DCTAorg 1 point 8 months ago

Speaking to point #2 on regulation: as a grassroots crypto advocacy
group, what we've seen in a lot of early discussions with legislators
and draft bills is that it's hard for regulators not to accidentally
target DeFi as they try to write laws that target CeFi. Almost none of
them are trying to target DeFi right now; to /u/Terrorbear's point,
most regulators don't care as long as nothing blatantly illegal is
going on. But in writing laws that affect money transmission and
KYC/AML, it's hard not accidentally target DeFi operators.

Right now most politicians are playing catch up from 5 years ago as
they struggle to understand the basics of cryptocurrencies and digital
assets, and figure out how the hell to classify all this stuff
legally. They generally aren't looking at the nuances of DeFi yet, but
that will likely come over the next 2-3 years once they've figured out
the basics of the industry. Shameless plug: if you're concerned that
regulators will get this wrong, check out our website joindcta.org.
We're organizing a coalition of crypto users to speak up and make sure
our voices are heard as crypto legislation is being drafted around the
U.S.

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view more: next ›

Another crypto day for the government by ResponsibleResort195 in CryptoMarkets

[–]DCTAorg 1 point 8 months ago

Literally none of the legislators we've spoken to want to ban crypto
(here in the US), they all want to understand and figure out how to
stop their constituents from getting scammed and then bring revenue
into their jurisdiction.

They also largely understand that trying to stop everything that
happens on blockchain is impossible, and will just be an endless game
of regulatory whack-a-mole that accomplishes nothing. Most legislators
are concerned with how private crypto businesses operate within their
jurisdiction - the Coinbases and Crypto.coms of the world - and making
sure they're compliant and not screwing their customers.

At the end of the day regulation is coming to this space, and it
really isn't that scary. No one is going to ban anything in the US
(again, they really can't and they know it) and most legislators want
to stop the obvious BS scams and pump n dumps more than anything else,
same as we all want. If you're really concerned about big govt messing
this up, then consider getting involved in crypto grassroots advocacy
and make sure your voice is heard as the inevitable regs come our way.

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Ethereum's cofounder Vitalik Buterin says we'll soon use 'soulbound
tokens' to verify things like school and employment — all stored in a
'souls' wallet by AptitudeSky in CryptoCurrency

[–]DCTAorg 1 point 9 months ago

This proposal is both incredibly exciting and incredibly scary at the
same time. The futurologist in me is excited by the possibilities
here, but the realist in me is worried about the eventual hacks and
information leaks from bringing personal information directly onto the
blockchain. Things like the Ledger hack a few years back have shown
how tying your crypto ID to your real-world ID is usually never a good
idea. Imagine if a government was issuing NFT IDs like this and a leak
of that magnitude occurred?

That said, any new technology will face these problems. SBTs will have
lots of growing pains, but the hope is that in 10+ years it will be
mature enough (and secure enough) for widespread adoption. Things like
ZK proofs will help tremendously in the implementation, but that tech
is also in its infancy and years away from practical use in this area.
I also have a hard time imagining this could ever be mandatory; moving
real-world docs or ID to blockchain would likely have to be opt-in for
users that want it and can actually handle it.

At the end of the day, this is an early draft of an interesting idea
and the sort of thing that does continually push the space forward.
It's also the sort of thing that will need to be watched carefully to
make sure it cannot be abused and that user privacy is never
compromised.

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At 4PM EST the Digital Currency Traders Alliance will be hosting an
AMA to talk about what we are doing to prevent government overreach
and ensure consumer privacy as the government begins to regulate
crypto. by jwinterm in CryptoCurrency

[–]DCTAorg 1 point 10 months ago

Thank you to everyone who attended and for the great discussion on how
we can impact the future of crypto regulation. As mentioned, we're
just getting started and will have a lot of educational resources and
advocacy campaigns coming in the next couple of weeks.

To track crypto legislation in your state or contact your
representatives go to https://joindcta.org/advocacy/. You can also
support us with crypto donations at https://joindcta.org/support/ or
sign up for a membership at https://joindcta.org/membership/. If you
just want updates on what we're doing you can follow us on twitter or
sign up for email updates here.

We have an unprecedented opportunity to help write the laws that will
govern our future financial system - now is the time to get involved
and make your voice heard.

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Verification Request: [Entity Name] (self.CryptoCurrencyMeta)

submitted 11 months ago by DCTAorg to r/CryptoCurrencyMeta

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