U.S. Researchers Warn Against Cuts to Crypto Innovation Funding
An open letter from notable academic researchers highlights the critical role of universities in advancing crypto and blockchain innovation. The letter addresses:
- Innovations such as Algorand, Arbitrum, and Cardano stem from academic research.
- The U.S. government aims to support crypto innovation through initiatives like the Presidential Working Group on Digital Asset Markets and pending legislation (GENIUS and STABLE bills).
- A proposed 55% funding cut for the National Science Foundation (NSF) threatens the future of academic research in computer science, crucial for crypto advancements.
- PhD student enrollment in blockchain studies is declining, impacting future scientific leaders and innovations in the crypto space.
While better regulations may enhance the crypto landscape, sustained funding for academic research is vital for maintaining U.S. leadership in the sector.