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Tech Industry Letter To Congress Must Guide Crypto Counsel

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What Federal Web3 Initiatives Mean For Fintech Professionals

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By John Reed Stark (June 7, 2022, 6:42 PM EDT) — On June 1, a watershed moment for global financial markets occurred that will profoundly affect the work of fintech lawyers.

A group of well-regarded computer scientists, coders, programmers, engineers, software developers and other technologists published an open letter to U.S. congressional leaders emphatically deriding blockchain technology and dramatically describing Web3 as harmful.[1]

With an open digital invitation for other technologists to sign on, the letter is already generating buzz,[2] and over 1,500 additional technologists have already added their signatures since the letter’s publication.

The signatories include professors, scientists and engineers from Amazon.com, the Association for Computing Machinery, Adobe Inc., Advanced Micro…

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