The American Blockchain Political Action Committee this week appointed Michael Onghai to its board of advisors. A former CEO of Looksmart, Onghai is also a seed investor in Coinbase, FundersClub, and Upflex. He currently is principal and seed investor in Alpha Sigma Funds, and a director of MGT Capital, a publicly-traded company engaged in Bitcoin mining. Onghai also was one of the pioneer software developers of the Human Genome Project.
“I am honored to help our country and the American Blockchain PAC,” said Onghai. “As history has proven with once emerging and now general purpose technologies such as electricity and the Internet, blockchain will be bigger than what the inventor visualized. Imagine the cost of verification dropping down to near zero: What kind of productivity does it unleash?”
“I have seen blockchain-related inventions coming from the rest of the world, and to a meaningful degree, they are eating USA’s lunch. We need a strong organization to educate politicians how to embrace this powerful technology and keep the USA as a technology leader.”
“Michael is not only an ally in this paradigm shift for advancing America’s innovative future, he is a friend,” said American Blockchain PAC founder Todd White. “I am honored to have him join the American Blockchain Political Action Committee’s Advisory Board and entrust his valuable insights will help shape the present and future landscape of this critical technological ecosystem and foster advances in governance.”
“It is befitting that Michael Onghai, an author, a chartered financial analyst, and patent holder, is now joining us in leading the blockchain-digital assets revolution,” said Adelle Nazarian, American Blockchain PAC CEO. “Just as Michael changed the way of life for generations to come with his insights back then and now, his invaluable perspectives on blockchain and this new frontier of emerging technology will once again help leap humanity forward.”
The American Blockchain PAC is urging American legislators to look to the future and not inhibit the transformative power of blockchain technology through heavy-handed regulation. The organization is an independent, non-profit committee that lobbies federal legislators to support blockchain-based and cryptocurrency-based initiatives..