LGBTQ+ in Blockchain/Crypto: A Safe Space With Room for More Inclusion

Published on by Cointele | Published on

Crypto is supportive of LGBTQ+ rightsThe global financial industry and many of the world's most prominent tech hubs are not famed for their inclusivity.

For Sarah Jamie Lewis, the executive director of the Open Privacy Research Society, the disruptive nature of crypto and other emerging technologies has the power to destroy oppressive structures.

"From projects like Tezos which has developed more efficient ways to vote on-chain through delegates, to thought leaders who believe the blockchain and virtual nations can empower people and correct exploitation, many projects in the sector mirror the support that we see more generally from most forward-thinking technologists. While crypto is apolitical, Bitcoin itself bypasses the need for government control over money and central banks."

"I do think the crypto sector is supportive of LGBTQ+ rights. The crypto ethos is to remove those existing power structures that would seek to limit the rights or privileges of people. Personally speaking, of the five years I've been working in this space, I have not once experienced any homophobia from other members of the community."

EmpowermentWhile several experts have reported the crypto sector to be supportive of its LGBTQ+ members, some are skeptical about crypto's purported ability to help minority groups in particular.

McNeal explained to Cointelegraph that what crypto does best is create a level playing field rather than appeal to particular demographics: "I do not believe digital assets or Blockchain Technology does anything unique for the community than it does for any other demographic," adding: "It has no respect for the person, it was and is created for all."

For Gemini's Lovell, continued attempts to increase inclusivity could help LGBTQ+ people improve their personal finances: "Targeted outreach to the community with more education around the benefits of crypto and why it's an inclusive asset class could help open up the space to more people in the LGBTQ+ community."

RepresentationWhile the crypto sector may well be supportive of LGBTQ+ rights, there is still a lack of visible representation among company leadership.

"LGBTQ+ minorities are a small percentage - just 10% - of the population, and crypto is also a small community of workers. Right now there aren't that many LGBTQ+ people in the crypto community. That being said, as digital currencies continue to grow and new opportunities arise, I have no doubt we will be represented at every level. I'm proud to say that at Gemini there are several senior employees who identify as LGBTQ+, including me!".

While it's clear that efforts are being made to make both the tech and crypto sectors more inclusive and openly supportive of LGBTQ+ people, some argue that there is still a long way to go.