One of these groups includes 21 human rights advocates from 20 countries around the world, which have written a letter to United States lawmakers in which they defend cryptocurrencies and praise their role in societies around the world: According to the letter, these advocates “have dedicated ourselves to the struggle for freedom and democracy. In this struggle, we have relied on Bitcoin and dollar instruments known as stablecoins, as have tens of millions of others living under authoritarian regimes or unstable economies.” Furthermore, the letter states that:
Computer scientists criticize crypto
It must be noted that this letter is a response to the one written a week earlier by a group of over 1,500 computer scientists, in which they urge the lawmakers “to resist pressure from digital asset industry financiers lobbyists, and boosters to create a regulatory safe haven for these risky, flawed, and unproven digital financial instruments.” In the letter, they state: Finally, they expressed the opinion that blockchain technologies lack real-economy uses. Instead, they criticize cryptocurrencies for being “unsound and highly volatile speculative investment schemes” promoted to people who may not fully comprehend their nature and risk. Both letters arrive at a time when Congress is considering laws to regulate digital assets; lawmakers are offering regulatory frameworks for the crypto markets as the country looks to possibly set an example for the entire world on the matter.
