Solving Key Issues to further PoS Adoption
POSA was formed to tackle key industry-level issues. POSA’s initial objective is to bring legal and regulatory clarity to the nascent proof-of-stake industry. We believe that is among the most critical and high impact initiatives that our members can collaborate on, which will positively impact the health and success of the staking industry.
Bring legal and regulatory clarity to Proof of Stake technology to better protect consumers, technologists and further promote innovation in the United States.
Foster collaboration among participants that utilize or interact with proof-of-stake technologies to educate regulators, stimulate dialogue across constituents and stakeholders, evangelize Proof of Stake, and clarify legal and regulatory frameworks.
Increase adoption of Proof of Stake networks by (i) promoting and sustaining decentralization of networks (as it lowers the barriers to entry relative to Proof of Work), (ii) reduce energy consumption, and (iii) promote active participation in networks by tokenholders
POSA was formed to solve a few key issues which could materially impact the success of Proof of Stake Networks:
UNCERTAINTY . . .
Proof of Stake networks are just beginning to come online and there is no Proof of Stake specific guidance around how to govern these protocols from a legal, tax and regulatory standpoint. Existing Proof of Work regulation is materially different than Proof of Stake, requiring new frameworks and regulation.
LACK OF EDUCATION . . .
Regulators and policymakers have limited knowledge regarding Proof of Stake and the benefits from both a technological and environmental standpoint relative to Proof of Work. Our core principle is to educate and have an active dialogue with regulators.
ROADBLOCKS TO ADOPTION . . .
Lack of legal and tax clarity are roadblocks to mainstream adoption of Proof of Stake. It is essential to engage in active and transparent dialogue in order to draft sensible policies that further promote and not deter innovation in the United States.
How POSA Solves These Issues
POSA works with the distinguished law/accounting firms and lobbyists in the United States to help POSA and its members engage with regulators and policymakers.
POSA provides its members with a seat at the table to discuss the benefits of Proof of Stake technologies and their specific networks.
POSA will evangelize the benefits of PoS to regulators and policymakers with the intention that Proof of Stake receives the proper regulatory treatment to further stimulate the growth of the ecosystem.
POSA acts as a platform to stimulate dialogue between stakeholders in the Proof of Stake ecosystem and be a driving force to enact a regulatory framework that is conducive to innovation while protecting consumers.
POSA members deliver a parallel message to regulators and policymakers making it easier for them to understand.
POSA’s objective is to bring legal and regulatory clarity to Proof of Stake, as we believe that is the most critical and high impact initiative that our members can collaborate on that will contribute to the health and success of Proof of Stake.
Become a Member
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