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November 09, 2022 | Tom Ballard

Paradigm hosting “Hands On Web3” next week, focused on Congress and other policymakers

Crypto-focused investment firm Paradigm will host its first public event next week (November 16) in Washington, DC to help members of the U.S. Congress and other policymakers better understand the Web3 technologies they are attempting to regulate.

“Hands On Web3,” as the event is called, will take place about a week after the U.S. midterm elections, where 435 House seats and 35 Senate seats are up for a vote, potentially changing the landscape of Congress and crypto regulation efforts.

“I frequently liken it to asking someone to design an umbrella when they’ve never even seen the rain,” Paradigm Chief Legal Officer Katie Biber told CoinDesk in an interview. “What we’re trying to do is change that – to experience crypto is to understand crypto.”

To be held at the Union Station, “Hands On Web3” will be tailored toward policymakers, academics and the media. The event will include demonstrations from non-fungible token (NFT) marketplace OpenSea, crypto exchange FTX and crypto music startup Royal, among others. The demos will include ways for participants to get hands-on experience with crypto transactions like setting up a wallet or joining a decentralized autonomous organization (DAO).

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