Major DeFi protocols on Ethereum have banded together to counter the so-called “outsized influence” of centralized crypto firms on US policymaking.
Major Ethereum stakeholders have banded together to launch the Ethereum Protocol Advocacy Alliance, focused on coordinating “policy efforts” and educating lawmakers on the ecosystem.
The Ethereum Protocol Advocacy Alliance was announced on Tuesday, with the EPAA emphasizing the importance of establishing the group to counter the apparent “outsized influence” that centralized crypto entities had in policymaking.
“This imbalance has often left the principles and technologies underpinning onchain infrastructure misunderstood or overlooked,” said the EPAA.
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