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A hand-held guide on cryptocurrency for American policymakers is in the works and may be published in early 2022

Posted:Dec 20, 2021 10:18 Category: Americas , Crypto , Regulatory , Posted by
Kyle Galea

A group of crypto-enthusiasts are currently working on a book to advise United States policymakers on the potential for cryptocurrencies to help the financial system rather than threaten it

It would not be a stretch to say that cryptocurrencies constitute one of the most divisive debates in the global financial world and even beyond. With the IMF itself stating the need for a global policy and many regulators across the world seeking to either harness or stamp out the burgeoning industry in their own jurisdictions, policymakers are hard-pressed to separate truth from hysteria.

Inspired by the passing of the $1.2 trillion bipartisan infrastructure bill by the US House of Representatives, a bill that constrains the crypto industry quite severely, a small group of experts from the emerging sector have sought to counter this by educating the demographic in charge of legislation. To quote them directly, “We set out to write a book to help policymakers understand where Bitcoin users are from and what they care about. We want to dispel the notion that it’s a nerd money and show how it’s impacting so many people in America.”

Prospective cover. Source: Kickstarter

Funded on Kickstarter in record time and managing to attract funding orders of magnitude higher than anticipated, gaining $23,151 from an initial goal of $5,000, the project is a collaborative effort between several different parties. Launched by Jimmy Song, an industry leader in the sector based in Texas, the book includes advice and insight from a number of other authors such as Annaliese Wiederspahn, Gary Leland, Pete Rizzo, Amanda Cavaleri, CJ Wilson, Charlene Fadirepo and Lamar Wilson.

The complete book should be available by the end of 2021 with the authors intending on having the completed product available for sale by January whilst also premiering at a launch event at Washington DC. On their political goals, the group elaborated that “as authors of this book, we recognized that the impressions in Washington were far from the reality and sought to correct this perception.”

Sourced from CoinTelegraph.

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