In terms of policy, Greg Tanaka calls himself a legislator for the digital age and possibly the most pro-crypto person running in this election cycle. Now a Palo Alto City Council member, he has set his sights on the United States House of Representatives seat for California’s 16th: the Silicon Valley district. In an interview with Cointelegraph, the self-described nerd exuded enthusiasm and spoke with an unwavering smile about crypto and the financial system.

Legal DAOs and crypto tax holidays

“It’s the first form of truly better money,” Tanaka said of crypto. “More benefit goes to the people creating the value versus with traditional finance.” He envisioned a future where everyone would have their own token. That “will create a lot more economic equity,” he said.

In addition to his political career, Tanaka is the Mozaic Finance decentralized finance (DeFi) protocol developer, which is set to run on Avalanche after testing. Mozaic Finance describes itself as specializing in “automatic yield aggregation and fund management.” Tanaka is also the founder and CEO of Percolata, a machine learning-based retail staffing optimization service that has received funding from Google Ventures and Andreessen Horowitz (a16z).

Tanaka characterized crypto as “an early technology that needs a chance.” He said he is in favor of making crypto legal tender and giving decentralized autonomous organizations (DAOs) — “a better version of the corporation” — the same rights as C Corps or LLCs. As a runup to that, Tanaka proposed a crypto tax holiday, seeing a clear…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed