Human rights activists took aim at the privileged western critics who signed “an anti crypto letter” saying that tens of millions living under authoritarianism and in collapsing economies didn’t have the luxury of dismissing crypto.
” addressed to Congress on June 1 supposedly backed by 1,500 computer scientists and engineers that called on Congress to avoid creating a “regulatory safe haven for these risky, flawed, and unproven digital financial instruments.” Lead signatories included professional or long term crypto critics like David Gerard, Molly White and Stephen Diehl.
The human rights coalition said nearly all the authors of that letter are from countries with “stable currencies, free speech, and strong property rights” and they most likely haven’t experienced hyperinflation or “the cold grip of dictatorship”. “The horrors of monetary colonialism, misogynist financial policy, frozen bank accounts, exploitative remittance companies, and an inability to connect to the global economy might be distant ideas [to those in the West]. To most of us and our communities — and to the majority of people worldwide — they are daily realities. If there were “far better solutions already in use” to overcome these challenges, we would know.
The campaign was organized by the crypto think-tank the Bitcoin Policy Institute and signatories to the letter include activists from Feminist Coalition , Anti-Corruption Foundation , the Belarus Solidarity Foundation , Ideas Beyond Borders , the Digital Citizen Fund , and notably, the Russian chess grandmaster and chair of the Human Rights Foundation Garry Kasparov.
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