The Lobby3 DAO aims to get in touch with lawmakers in Washington D.C. and help them understand the Web3 technologies.
Yang believes that DeFi and Web 3 regulations need to maintain a balance between innovation and managing risks.
American Democrat Andrew Yang has called the DeFi and the Web3 community to rally and influence the shaping of the crypto regulations. Yang has now jumped into the Web3 with a new DAO called Lobby3, he revealed in an exclusive interview with The Defiant.
The organization seeks to rally the DeFi community to bring favorable regulations in place. Explaining further, Yang noted:
Lobby3 is an initiative to take the voices of Web3 to Washington DC, where we can hopefully expand people’s understanding of what these tools can do to improve the public interest [and]improve people’s lives. My goal is to make it so that the rules are intelligent, understand the space, and properly prioritize the [innovation]side of the equation. Right now, if you’re a regulator
