US Lawmakers Ask Crypto Firms to Disclose Diversity and Inclusion

"There is a disturbing lack of publicly available data to effectively assess diversity among America's largest digital asset companies", indicates the letter. A panel of five U.S. House of Representatives lawmakers requested data on the diversity and inclusion practices of 20 major companies dealing with cryptocurrencies and the Web3.

In a Thursday notice, House Financial Services Committee Chair Maxine Waters, along with Reps. Joyce Beatty, Al Green, Bill Foster, and Stephen Lynch wrote a letter asking state-based crypto companies States to provide information on "how and if the industry is working towards a fairer environment for all. Lawmakers sent letters to 20 companies, including Aave, Binance.US, Coinbase, Crypto.com, FTX, Kraken, Paxos, Ripple, and Tether, as well as venture capitalists Andreessen Horowitz, Haun Ventures, and Sequoia Capital.

“There is a disturbing lack of publicly available data to effectively assess diversity among America’s largest digital asset companies and the investment firms with significant investments in those companies,” the lawmakers said. "We believe that transparency is an essential first step in achieving racial and gender equity."

#RELEASE: Chair @RepMaxineWaters, Representatives @RepBeatty, @RepAlGreen, @RepBillFoster and