Collective Governance
European Crypto Initiative icon

European Crypto Initiative

Project

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European Crypto Initiative is a non-profit crypto advocacy organisation

Appears in
32 ballots

Contribution

EUCI safeguards the public interest by harnessing permissionless blockchains, notably Ethereum and Optimism. Our goal: foster secure innovation by advocating sensible regulations. We urge lawmakers to see the broad societal impact of these technologies. We've fought against harmful regulations, like banning crypto wallets, equating NFTs to securities, or labelling protocols as bank accounts. We explained why these are detrimental and bridged regulatory intentions with the Ethereum community. We've collaborated with global organizations to curb impractical crypto laws because regulation can make or break an industry, and we won't let it hinder this ecosystem.

Impact

We've defended the decentralized tech stack. Imagine building Optimism Collective without wallets or registering as a "crypto-asset service provider" to onboard users. We ensured these weren't our reality. We educated regulators that DeFi isn't like TradFi and that decentralization is possible. We trained MEPs in Metamask use and enlightened EU Commission reps about DAOs' utilities.

Funding sources

Other
Ethereum Grant, August 2022
120,000.00 USD
Other
Gitcoin Grant, 2022
120,000.00 USD
Revenue
This revenue was generated throughout the span of 3 years (from 2020).
360,000.00 USD
Other
Estimated voluntary hours from senior level experts and contributors (from 2020)
375,000.00 USD