A DAO is a decentralized autonomous organization that Web3 and DeFi users have formed to protect their interests when dealing with authorities. An organization that is both decentralized and autonomous has been created to help out any project or business that wants to join in on the Web3 movement.
ThreeOh DAO believes that the next generation of the internet has the ability to empower entrepreneurship, provide opportunities and create wealth in underprivileged communities all over the planet. It plans on being a voice for these individuals when it comes time to make decisions about regulations and policies.
The individuals leading the DAO maintain that they have the infrastructure needed to engage with policymakers and make a difference — by giving everyone in this growing industry a platform for their voices to be heard on national and international stages. They emphasize that this organization is never controlled by those who have deep pockets.
Dr. Randy Romich stated that “We are at a crossroads. For the first time in the history of the financial system, we have the opportunity to affect regulatory policy surrounding an emerging financial market.” He continued by saying that as investors, this is our chance “to set the parameters of markets to benefit users instead of big money interests”.
Dr. Romich says that, in the past, only those with a lot of money could lobby; however, this has changed now that Web3 exists. With ThreeOh DAO’s help, people who use Web3 can connect to policymakers throughout America and have their voices heard.
Work has also begun to establish an international DAO coalition that will advocate for mass adoption worldwide, alongside regulations that are friendly toward users and businesses. The organization’s calling on U.S. regulators to offer greater clarity and eliminate the uncertainty that’s existed in the market for years by setting out key policy principles on its website — and says innovators “need clear guidance, room, and resources to build.”
America’s Securities and Exchange Commission has long been unsure of how to properly classify digital tokens, with many in the industry arguing that most cryptocurrencies shouldn’t be defined as securities. ThreeOh DAO argues that this ambiguity has caused confusion among innovators and has had a negative effect on innovation.
Our organization believes that the United States should take a leading role in promoting digital asset innovation, through measures such as grants and tax credits. ThreeOh DAO’s opinion is that blockchain technology, as it is only a platform for cryptocurrencies, shouldn’t be regulated. Furthermore, it demands that stablecoins are “to be given the same protections as fiat when included within financial accounts.”