Oct 2, 04:14 PM

Blockchain Association Hosts DePIN Fly-In, Urges Regulatory Clarity on Capitol Hill

The Blockchain Association hosted its inaugural DePIN Fly-In and briefing on Capitol Hill, bringing together industry leaders from companies such as Helium, Storj, FilFoundation, GEODNET, CESS_Storage, Hivemapper, MultiCoinCap, and Coinfund_io. The event aimed to showcase the advancements in decentralized infrastructure networks (DePIN) to lawmakers, emphasizing their potential to revolutionize infrastructure through decentralized networks. Discussions focused on the benefits of DePIN, including enabling infrastructure in underserved areas, affordable data collection for AI, and fair rewards for contributors. The event included meetings with Congressional offices such as those of Speaker Pelosi, Rep. Jim Costa, Ro Khanna, Alex Padilla, and Bernie Sanders. Additionally, the event highlighted the importance of DeVIN and DeGIN in the future of decentralized networks and the need for regulatory clarity and government support. The briefing took place in the House Committee on Financial Services room.