An Introduction to PAC DAO

Regulators and politicians are becoming aware of the power of crypto. When a change like this happens, they seek to understand it. Unfortunately, to learn about crypto, they are turning to their large donors, who in many cases are incumbent financial institutions. What we've seen is that those groups are more interested in preserving their position than allowing innovation. This is known as "regulatory capture”.

We are fighting this through a very specific focus on the legislative process itself. Instead of asking people to call their members of congress when a bill is up for a vote, we would like to proactively engage with the politicians to ask for legislation that promotes the interests of the crypto community. Right now, the agenda is being set by the financial services industry. At the very least we aim to challenge them, at the best we will take control.

We plan to achieve this goal in two ways: through direct lobbying, and by creating an easy way for the grass roots community to participate. We are constructing a legislative score card, which is a familiar concept for elected officials. We are combining this with NFTs, both for members of congress and for specific votes, to create community engagement. As we go through election cycles, the NFTs will create a way to both engage the community and create donations that can be used as incentives for the policymakers.

We just launched our first Action NFT. Click the image below to go to the launch page of The War on Crypto