NewsFlash Articles Data Fundraising BlockBeats Pro

Paradigm launches a "groundbreaking" policy lab, aiming to become a policy leader in the cryptocurrency field?

Read this article in 9 Minutes

The launch of this policy lab is aimed at filling the gap in cryptocurrency regulation. Rodrigo Seira, co-head of the policy lab, stated in an interview with The Block that "the core goal of the lab is to influence medium to long-term policies."

Table of Contents:

· The person in charge stated that the goal is to influence medium and long-term policies

· Paradigm has been highly focused on regulation in the past year

BlockBeats report, September 26th, cryptocurrency venture capital firm Paradigm announced on Tuesday the launch of what they call a "groundbreaking" policy lab, which will become a "gathering place" for academics, policy experts, lawyers, and technical experts. The team will produce "cutting-edge research, commentary, and advocacy" on the most important policy issues facing cryptocurrency and other cutting-edge technologies.

As part of the launch plan, Paradigm Policy Lab announced two inaugural academic researchers, Primavera De Filippi from the Berkman Klein Center at Harvard University and Agostino Capponi from Columbia University. They will research "regulatory equivalence" - a term used to describe the comparability of legal and technical constraint systems and how to achieve the same policy outcomes through regulatory or technical architecture.

The leader said the goal is to influence medium and long-term policies.

BlockBeats previously reported that on September 7th, the US Department of the Treasury and the Internal Revenue Service proposed regulatory measures for cryptocurrency brokers. According to the Wall Street Journal on September 21st, executives in the cryptocurrency industry still desire growth, but the US market is no longer part of their plans.

This launch of the Policy Lab is aimed at filling the gaps in cryptocurrency regulation. Rodrigo Seira, co-leader of the Policy Lab, stated in an interview with The Block that "the core goal of the lab is to influence medium to long-term policies."

Related reading: "Paradigm launches Policy Lab in move to advance crypto advocacy"

Seira and Brendan Malone wrote in their blog post: "Over the past year, Paradigm has established itself as a policy leader, covering everything from fighting for cryptocurrencies in court, to convening thought leaders, to publishing policy-centered research."

Paradigm has been highly focused on regulation in the past year

BlockBeats previously reported that in October 2022, Paradigm submitted a court advisor brief in support of Ooki DAO. On April 25th of this year, Paradigm's legal head Rodrigo also stated that in order to avoid the SEC defining stablecoins as securities, a friend-of-the-court brief has been submitted in the Terra case.

May, Paradigm submitted a non-party statement in support of Coinbase's lawsuit against the US Securities and Exchange Commission (SEC). On July 11th, Paradigm submitted a non-party statement in the case of the SEC against the bankrupt cryptocurrency exchange Bittrex. In these statements, Paradigm expressed its views on the rights and responsibilities of the SEC in the cryptocurrency field.

除了在法庭案件中积极表示对加密的支持外，Paradigm 还经常在社交平台和官网发布文章以期望推动建立适合加密领域的法规。

Translation:

Aside from actively expressing support for encryption in court cases, Paradigm also frequently publishes articles on social media and its official website in hopes of promoting the establishment of regulations suitable for the field of encryption.

On April 22nd of this year, Paradigm stated that the current regulatory framework of the SEC is not suitable for the cryptocurrency market. In June, Paradigm commented on the SEC's redefinition of "trading platforms", stating that "the SEC's rulemaking proposal far exceeds its statutory jurisdiction and violates the Administrative Procedure Act, and should be immediately withdrawn."

July 27th, Paradigm released a stablecoin policy document on its official website, urging Congress to legislate on cryptocurrency stablecoins as soon as possible.

This September, Paradigm's voice in legal regulation has been exploring more frequently. On September 2nd, Paradigm experienced a change in the head of the legal department and hired Alex Grieve as the head of the policy team. A week later, Paradigm published an article on its official website discussing the impact of sanctions and censorship on blockchain infrastructure, stating that OFAC should not require any blockchain base layer participants to review sanctioned addresses. On September 12th, Paradigm announced that it will work with a16z crypto, Coinbase, and others to develop clear and progressive cryptocurrency regulations in Texas.