As some of you know by now, I finally got an email from Senator Warren’s office requesting a meeting on Monday. This is expected to be a fairly mid-level meeting with the senator’s advisors on banking issues.
It is, however, the first time I’ve managed to get one of our critics to engage with us. Past meetings with senatorial and congressional members/staff have all been those who are at least “crypto curious.”
I do not expect fireworks from this meeting, but since it is such a rare opportunity for the crypto community at large to engage directly with Senator Warren’s office, I did want to solicit (reasonable) questions and comments that may be worth bringing up. Those familiar with Warren’s politics, feel free to chime in with ways that Maker specifically aligns with those.
The main goal, however, is to further open the channels of communication. Typically these first conversations are extremely basic in explaining blockchain technology and Maker’s business model. As a frame of reference, in the most recent testimony by SEC Chairman Gary Gensler, Senator Warren questioned Chairman Gensler about transaction fees specifically on decentralized exchanges. His answer – which satisfied her – was that it was determined by user agreements. Not gas. Not dynamic pricing (I try to use Uber’s “surge pricing” as an analogy many understand). User agreements.
We have a long way to travel down the road of basic outreach and education, so please offer comments that are non-technical and succinct, if possible.
As an aside, I am actively trying to put MakerDAO at the lead of a more conciliatory outreach effort than the mainstream lobbying groups and individuals – Coin Center, DeFi Education Fund, Ryan Selkis, Jake Chervinsky, etc. Their positions are worth staking out, but Maker is both better behaved and more responsibly run than the bulk of crypto. And to date, I think our own efforts have clearly borne more fruit as more and more requests from institutions and policymakers come in, wanting to learn more about crypto, now that they know not all of us bite.
I would appreciate you sharing this post in other areas of the crypto community – other DAOs, social media channels like Discord, etc – so that 1) a broad array of input can be received to help prepare for what I hope will be getting our foot in the door to more meaningful discussions with our sharpest critics, and 2) to demonstrate to the crypto community that dialogue is possible, and Maker will need co-travelers on this less antagonistic path.