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The Time Is Now: Congress Should Not Leave Small Community and Minority Banks Out of the Digital Asset Future By Kevin Harris and Cleve Mesidor

Nov. 25, 2025

Kevin Harris

Kevin Harris

Cleve Mesidor

Cleve Mesidor

(TriceEdneyWire.com) - Congress is actively working on groundbreaking legislation that would provide much needed regulatory clarity. The Digital Assets Market Structure legislation being developed by the U.S. Senate Agriculture and Banking committees can be better positioned to foster economic growth, promote financial education, and support guard rails for the early and vibrant segments of Americans who actively leverage digital assets.

In Washington, debates over crypto are too often conflated with tensions with Wall Street incumbents, entrenched regulatory turf wars, and the race for global competitiveness. As a result, a critical voice is often absent from deliberations: small financial institutions that have long been the backbone of underserved rural and urban neighborhoods. As Congress considers legislation governing digital assets, it has an opportunity to take a simple transformative, bipartisan step to ensure they are not once again left behind and left out. Lawmakers should include a federal study examining how Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) can safely and compliantly offer digital asset products. The time for this level of regulatory clarity is now!

Ensuring Access To The Future of Digital Finance

This is not a niche concern. It is a matter of financial inclusion, U.S. competitiveness, and necessity for a market structure framework that fuels innovation across rural and mainstream America.

Whether policymakers embrace or resist them, digital assets—from tokenized deposits to stablecoins to blockchain-based payment rails—are increasingly shaping the financial landscape. Large institutions and fintechs are already experimenting with tokenization, on-chain identity solutions, and blockchain-enabled lending. As these technologies become part of mainstream financial transactions, millions of Americans could be locked out if their local community institutions are not part of policy considerations.

CDFIs and MDIs serve precisely the communities most vulnerable to being excluded from transformative financial shifts. If legislation ignores their needs and capacities, we risk repeating a familiar pattern: innovation benefiting the well-resourced first, leaving everyone else to catch up later—if at all.

Including a federal study is not a radical act. It does not endorse any particular digital asset product, mandate their adoption, or loosen regulatory standards. Instead, it offers something essential: clarity!

While banks are receiving regulatory guidance regarding decentralized finance, this clarity does not extend to this unique subset of the financial system.

Data show that CDFIs support more than 1,400 smaller lenders operating in rural and urban areas that aren’t adequately served by larger banks. Of the roughly 5,900 headquarters and branches of these community lenders, 60 percent are in Republican congressional districts and 55 percent are in states with two Republican senators.

A Federal Study of CDFIs & MDIs Whose Time Has Come

A well-designed federal study would explore important questions. This could include examining how digital asset services could responsibly expand financial access in underserved communities; the regulatory and technical barriers that prevent CDFIs and MDIs from piloting or adopting these tools; ways digital assets lower costs for remittances, small-dollar lending and community development financing. Additionally, federal research could offer insights into safeguards for market participants and new entrants that offer protections, while also enabling innovation. This is a smart approach as policymakers continue crafting balanced rules that reduce uncertainty for small institutions, and prevent a bifurcated financial system where only large players can innovate.

CDFIs and MDIs have been asking for guidance to better understand regulations, compliance and how to best protect their clients and institutions. Including this federal study in Senate digital assets market structure legislation will serve to ensure they won’t be left navigating this new terrain alone or disadvantaged relative to larger, better-resourced competitors.

Economic Equity Cannot Wait Any Longer

This is a unique moment in policymaking and rulemaking. If we want a financial system that works for everyone, we must ensure that the institutions closest to underserved communities are prepared—not sidelined—as digital assets evolve.

Congress has an opportunity to take a bipartisan, low-cost step toward ensuring that the next generation of financial innovation is inclusive from the start. A study supporting CDFIs and MDIs in the digital asset space is not just good policy—it is smart policymaking. It acknowledges that responsible innovation and increasing access are not competing goals but mutually reinforcing ones.

Kevin R. Harris is an entrepreneur and Former Executive Director of the Congressional Black Caucus and Cleve Mesidor is Executive Director of Blockchain Foundation.

Governor Hochul Can Lead the Nation in Gene Therapy Access for Our Children By Former Congressman Ed Towns

 

Nov. 17, 2025, 2025

EdolphusTowns

(TriceEdneyWire.com) - My friend and our leader, Governor Kathy Hochul has constructed an impressive infrastructure for championing healthcare innovation and children’s health in New York.

From launching Long Island’s Biogenesis Park, which leads the nation in cell and gene therapy R&D, and expanding Medicaid coverage to 800,000 kids in New York, she has demonstrated a consistent commitment to accessible healthcare and making New York a leader for cutting-edge drug innovation.

The governor’s aspirations for New York to be the hub for innovation and high-caliber healthcare are already coming to fruition. Along with Biogenesis Park and expanded healthcare, last year, Roswell Park’s $98 million cell and gene therapy academic facility opened in Buffalo. At the celebration event, she committed to “offering hope to generations of New Yorkers and others who rely on the creation of these cutting-edge treatments.”

In August 2025, Governor Hochul announced a $300 million investment to strengthen healthcare access and quality across the state.

When she expanded New York children access to healthcare, she made an honorable statement that rings truer than ever: “We will always go the extra mile to create a healthy future for our youngest New Yorkers.”

Contrary to this strong foundation, on October 6th, New York’s Drug Utilization Review Board (DURB) voted to pause Sarepta Therapeutic’s FDA-approved gene therapy Elevidys’ state Medicaid coverage pending FDA safety label updates.

Elevidys is the only FDA-approved gene therapy for Duchenne’s Muscular Dystrophy (DMD), an incurable rare genetic disease that causes irreversible muscle loss at a fatal rate. Elevidys has a significant impact on patients, proven to aid in slowing symptoms and recovering motor function and mobility.

During the DURB meeting, families shared their own personal stories of life-changing successes. One patient shared that she could do more daily tasks independently, such as transferring herself to and from her wheelchair, opening containers, and overall participating in life more fully. One mother shares that her son can attend public school with little assistance and even participate in gym and play at recess. 

The experiences these parents bravely shared are not the exception, they’re the rule. Clinical data has repeatedly shown that Elevidys provides significant functional improvement to patients.

Unfortunately, the New York DURB is more interested in protecting pocketbooks, and these young children will end up paying the price. 

This elected pause painfully contradicts the theme of cutting-edge healthcare accessibility that Governor Hochul has cultivated in the state. New York is investing millions of dollars in gene therapy R&D on newly built sites while restricting access to gene therapy.

This is an opportunity for Governor Hochul to pioneer a creative solution that balances patient health and fiscal responsibility, precisely the nuanced thinking she has demonstrated throughout her leadership.

New York will set a precedent here that will either put New York children last or first. High cost and bureaucratic hoops should not be the barrier between suffering children and life-saving treatment. The investments the state has made in gene therapy can only yield their full benefit if patients can access the groundbreaking therapies being researched and developed.

The way Governor Hochul moves forward will define the way New York and other states operate for generations to come. I am here to work with the Governor to assist her in ensuring the right pathway that protects patients’ access to care.

Former Congressman Ed Towns served in the U. S. House of Representatives for 30 years 1983 to 2013. A Democrat from New York, he was chair of the House Oversight and Government Reform Committee from 2009-2011.

Congressional Black Caucus Members Left the Annual Conference Prepared for New Battles By Hamil R. Harris

Congressional Black Caucus  Foundation  - CBCF ALC54 09/24- 0928/2025

Maryland Gov. Wes Moore

(TriceEdneyWire.com) - The Walter Washington Convention Center was filled with thousands who came to the nation's capital for the 54th Annual Congressional Black Caucus Annual Legislative Conference (ALC).

The annual glitzy event with a balance of parties and politics featured dozens of issues forums, brain trusts and receptions crucial to the Black community. At one time, only a dozen Black men and one Black woman had been elected to Congress. But today there are 61 Black lawmakers in Congress, and African-Americans have served as both President and Vice President.

This year is particularly difficult because of President Trump’s heavy-handed style of controlling the Republicans in Congress. Therefore, the ALC featured speakers who seemed especially focused on encouraging politicians and activists to stay focused on justice.

”Today is the day the Lord hath made, let us rejoice and be glad in it!” said Maryland Governor Wes Moore, during his speech at the CBC awards dinner Saturday night. “I know that we are in a challenging moment right now, but I am not interested in talking about them or him. I am interested in talking about how powerful we are.”

As he spoke, Moore, a decorated Army veteran, reflected on the historical roots of the CBC, which began after Rev. Adam Clayton, pastor of the Abyssian Baptist Church in New York, was first elected to Congress in 1961.

“The CBC was built for moments like this. Adam Clayton Powell did not bend a knee, Elijah Cummings did not bend a knee,” Moore said. “History is not likely to remember this administration fondly. And those who capitulate will be remembered even worse. I led soldiers into combat, and I don't bend a knee for anybody.”

From the annual Phoenix Awards dinner to the CBC Day of Healing, the theme of the annual prayer breakfast, there was plenty of tough talk by speakers and lawmakers that was welcomed by participants and lawmakers who have mounted a counter-offensive to President Donald Trump and his right-wing agenda.

“We’ve come to the nation's capital during some dark and tough days,” said Howard John Wesley, the keynote speaker during the prayer breakfast. Pastor of DC’s Alfred Street Baptist Church, Wesley said, ”We have come with the same questions on our minds: What are we going to do?”

Declaring himself to be “a bona fide, born-again child of Hip Hop,” Wesley weaved in popular lyrics as he criticized actions of the Trump Administration.

“They are unfamiliar with the melancholy sounds of masochism. They don't recognize the offbeat bassline of bigotry. You threaten museums in the first place. The chorus of the song is an attack on free speech and a free press,” he said. “You ban reporters from the White House. You try to kick Jimmy Kimmel off the air and in the chorus of the song you create a military pretense of lowering crime in blue cities with Black mayors, ignoring the fact that mass shooters come from red states.” Wesley continued, “You destroy DEI by creating a false narrative that your White average is better than my Black excellence.”

Wesley then shared a story about teaching his son how to play the card game Spades before taking him to an HBCU. “When you have been dealt a bad hand, you don't quit if you know you have a good partner. I thank God that we have a good partner who can bring us through.”

He concluded for the audience, “Don't you leave this place discouraged. Don’t you leave with your head down, he said, quoting Psalm 24:7-10: “Lift your heads, oh ye gates, and the king of glory shall come in. Who is this king of glory? He is the Lord, strong and mighty!“

Former Vice President and Democratic Presidential candidate Kamala Harris also spoke during the Phoenix Awards dinner: “When a President with a fragile ego couldn’t take a joke,” he brought down the weight of the federal government to silence the voice of a citizen, but it didn't work, she said. “Folks spoke with their pocketbook this week, and Jimmy Kemmel is back on the air.”

CBC Chair Yvette Clarke said, despite what is going on in Washington, “History is on our side.” And Rep. Hakeem Jeffries (D-NY), House Democratic Leader, said, despite the current situation, the motto remains the same: “No permanent friends,[no permanent enemies] just permanent interests.”

For Freedom. For Equality. The Revolution promised freedom. Reconstruction promised equality. Neither fight is finished. By Ben Jealous

 Oct. 4, 2025

benjealous pfaw s

(TriceEdneyWire.com) - In my house, two legacies face each other.

On one wall hangs a reproduction of The Spirit of ’76, painted by my cousin Archibald M. Willard for the nation’s hundredth birthday. The central drummer in that painting — the older man leading the trio — was modeled after Archibald’s father, my cousin too.

The Spirit of ’76 is America’s most famous Revolutionary painting — the definitive image of independence, instantly recognizable wherever it appears. First displayed at the Centennial Exposition in Philadelphia, it captured the mood of a nation celebrating its hundredth year and looking back on its birth in revolution.

For my family, it is not just symbolic. My father descends from six officers in the Massachusetts Line of the Continental Army — and from a seventh, a 13-year-old fifer who fought at Lexington and Concord. He was the youngest combatant on that battlefield, carrying both a fife and a musket into the first fight of the Revolution. He lived into his 90s, long enough to be photographed — the only person from that battlefield whose face we can still see.

That painting is the definitive picture of 1776: a battered but unbroken march for freedom and equality. My family is literally in the frame — and in the fight.

Across the room sits another inheritance: the desk of my mother’s great-great-grandfather, Peter G. Morgan, born enslaved in Nottoway County, Virginia, in 1817.

Beside it rests the courting set he bought so his three daughters, once freed, could welcome suitors in dignity.

My family isn’t just in the picture of 1776. We live the unfinished fight of 1876.

A wager for freedom and equality

In 1864, while Petersburg was under Confederate siege, Morgan walked into a Confederate court and freed his wife and daughters.

Virginia law was brutal: any Black person gaining freedom — and their family — had 12 months to leave the state. Fail to leave, and you could be seized and enslaved again.

So Morgan wagered exile — or even re-enslavement — if Confederate authorities got to them before the Union did. Still, he took the risk. He bet everything on freedom and equality.

He was right on the first count. And for a time, right on the second.

Reconstruction’s promise

After the war, Morgan served in Virginia’s House of Delegates from 1869 to 1871. He sat on Petersburg’s city council and school board.

He helped build schools, relief associations, and even a bank. He believed that Reconstruction — America’s “second founding” — could finally make freedom and equality real.

But he also lived to see those hopes collapse.

The collapse came just after the hopeful celebration of 1876, with the Compromise of 1877 — a backroom deal to resolve the contested race between Democrat Samuel Tilden and Republican Rutherford Hayes. Republicans kept the White House by giving in to Democratic demands to pull federal troops from the South.

With the old Union soldiers gone, white supremacists unleashed murderous violence to retake power. Reconstruction ended not with a bang but a betrayal — and lynch mobs burning human flesh.

Twin revolutions, both unfinished

That is America in a nutshell: twin spirits, twin moments, both unfinished.

1776 was for freedom.

1876 was for equality.

Yet neither dream dies.

The fire passes from Harriet Tubman to Ella Baker. From Frederick Douglass to Martin Luther King Jr. From Chicago’s Jacqueline Jackson to Chicago’s Michelle Obama. And it burns on in young organizers today.

The warning is clear: freedom and equality are fragile, and gains can be rolled back. Today, both are under attack again — with democracy itself on the line, racial equality undermined, and immigrants targeted with open hostility.

The charge is clearer still: if my great-great-great-grandfather could bet on freedom and equality in 1864 while Petersburg burned — and my father’s young ancestor could join his father and brothers in arms at Lexington — surely we can fight for freedom and equality in our own time.

Ben Jealous is a former national president of the NAACP and a professor of practice at the University of Pennsylvania.

Africans, New Americans Here by Choice, Not Chains By Wayne Dawkins

Sept. 29, 2025

waynedawkins

(TriceEdneyWire.com) - For 200 years – the 17th and 18th centuries – Africans came to America involuntarily and enslaved. Then fast forward to the 21st century. The news is Sub Saharan Africans are coming to America willingly, in search of opportunity and freedom.

The trend was driven by the 1965 Hart-Celler immigration law that ended 40 years of racially discriminatory U.S. policy that preferred Northern European immigrants but rejected Southern and Eastern Europeans, plus other peoples from Asia and Africa.

By 1980, 15 years after Hart-Celler, reported the Migration Policy Institute, 130,000 African immigrants had arrived in the United States. In subsequent decades the numbers climbed to:

* 265,000 in 1990,

* 691,000 in 2000,

* 1,327,000 in 2010, and

* 2,094,000 in 2019.

Furthermore, the new Americans were distinct in where they choose to live. In 1993, when the NBC “Today” morning show spent a week telling stories on the African continent, the National Association of Black Journalists held its annual convention in Houston. A local journalist announced with pride that greater Houston housed the third-largest Nigerian community outside of that originating nation (London UK was No. 2.)

Why those people came to Texas? Because of Houston’s oil industry that related to Nigeria’s and because the hot, humid climate was familiar. NBA and collegiate champion Akeem Olajuwon came to Houston for school and athletic glory (and years later, another 7-footer Dikembe Mutombo of the Congo was a student-athlete at Georgetown who blossomed as probably the NBA’s most feared shot blocker.)

Another geographical USA hotspot was the state of Maryland, especially affluent Prince George’s and Harford counties in the Baltimore-Washington, D.C. megalopolis.

During my seven-year span as a professor at Morgan State University-Baltimore I relished teaching the grandchildren of African exchange students who had been coming to the USA since the 1950s The grandkids enriched my African Diaspora and Communication class as we collaborated on four cultural mileposts: fashion, food, music, and religion/spirituality.

For example, enslaved Africans brought rice to the New World and mass produced it in the Carolinas. A student informed me that African women sewed rice grains into their braided hair to smuggle and then plant something familiar in the New World.

The kalimba, a thumb piano had a distinct sound in the hands of Maurice White of Kennedy Center-honored, multi-Grammy winning band Earth, Wind and Fire.

The banjo too is a distinctively African instrument, memorialized in late 19th century painter Henry Ossawa Tanner’s “The Banjo Lesson.”

As for religion and spirituality, Africans in America include Christians, Muslims, and Hebrews. Egyptians and East Africans people who were Christians before many Europeans.

A third regional concentration of 21st century Africans is in Twin Cities Minneapolis-St. Paul. Many were former refugees who escaped drought, famine, and regional wars and were hosted by humanitarian organizations.

U.S. Representative IIhan Omar was one of them. She now navigates the halls of Congress, distinct in her head wraps. Famously feisty, Omar was in the news this month because U.S. Representative Nancy Mace of South Carolina tried to smear Omar and possibly have her stripped of key committee assignments. Mace’s stunt failed because Omar’s Democratic caucus plus some Republicans by a one-vote margin spared Omar from sanctions.

There are martyred African immigrants. In the 1999, Amadou Diallo, 23, of Guinea was a New York merchant who police mistakenly thought had brandished a handgun. The object was the wallet he pulled from his pocket. Multiple cops fired their guns, and their ricocheting bullets made may have made some of them believe Diallo was shooting at them.

He wasn’t, but 41 shots hit him 19 times, the name of a Bruce Springsteen song that angered many cops, but memorialized a tragedy.

Diallo was a victim, but Dr. Bennet Omalu was a sports hero. Based in NFL-loving Pittsburgh Steeler country, Omalu researched the connection between helmet-to-helmet collisions and traumatic brain injuries that shortened player’s lives and made some suicidal.

Initially, Omalu was ridiculed and dismissed by the NFL establishment but in time the science compelled the leaders of America’s most popular sport to embrace a concussion protocol to protect player’s health. Omalu may have saved NFL, collegiate, and high school football before enough parents reconsidered having their sons play the game.

The 21st century African immigrants in America experience have enriched this nation just as immigrants from every continent improved America, whether it is savory jollof rice, or Afro Beat music (recently made a Grammy Award category), or NFL and power five college stars with distinctive African surnames on the back of their jerseys.

(Never mind Donald J. Trump’s vulgar tirade about “shithole” African countries, nor his recent executive order to ban immigrants from a dozen Sub Saharan and Western Hemisphere nations.)

On TV, consider “Bob Loves Abisola,” the CBS romantic sitcom (2019-2024) where Bob, a white sock salesman from Detroit falls in love with Abisola, a nurse from Nigeria, who also works in the Motor City.

Abisola’s African co-star is also a standup comic. Gina Yashere has a bit in which she says striving Nigerian families in America expect their children to become one of three things: “Doctor, lawyer, or embarrassment to the family.”

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