20 U.S. crypto firms receive letter from Democratic lawmakers
Asked to provide data on their diversity practices.
A group of Democratic lawmakers led by House Financial Services Committee Chairwoman Maxine Waters have asked the nation’s leading crypto to provide data on their diversity practices.
Waters, along with Representatives Joyce Beatty (D-OH), Al Green (D-TX), Bill Foster (D-IL), and Stephen Lynch (D-MA), sent a letter to 20 crypto firms, requesting them to share information on their inclusion practices.
After gathering information, the lawmakers will have a "snapshot" of "how and whether the industry is working toward a more equitable environment for everyone." The letter includes a questionnaire regarding the company's diversity and inclusion policies from 2021.
“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies, and the investment companies with significant investments in these companies.”
Lawmakers are asking "the nation's 20 largest crypto, Web3, and digital assets companies, as well as prominent venture capital firms with investments in crypto" to provide the data. Aave, Andreessen Horowitz, Binance.US, Circle, Coinbase, Crypto.com, Digital Currency Group, FTX, Gemini, Haun Ventures, Kraken, OpenSea, PancakeSwap, Paradigm, Paxos, Ripple, Sequoia Capital, Stellar Development Foundation, Tether, and UniSwap have received requests.
The letter gives the firms exactly a month to respond to the questionnaire, with the deadline being Septembers 2nd.
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