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OP-ED: ‘Crypto Black’

NNPA NEWSWIRE — Too often, marginalized communities are consigned to the sidelines to witness the economic innovation and progress of others. Yet today, I believe that Black America should take a deeper and a more informed look at the emerging marketplace for cryptocurrency. I am not an expert on crypto, but I know that in the communities that I have worked for civil rights over the past 60 years deserve to have greater access to information and knowledge that is factual and honest about the specific benefits that may come from attaining crypto digital assets.

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Opportunity Agenda for Black America

By Dr. Benjamin F. Chavis, Jr., President and CEO, National Newspaper Publishers Association

We salute Vice President Kamala Harris for her leadership and innovative Economic Opportunity Agenda for America’s future economic development progress. In particular, for underserved communities of color this is good news. Especially for Black Americans striving to gain economic sustainability, all opportunities to achieve financial freedom and equity should be given priority attention and engagement.

The Harris Agenda emphasizes the need to provide people, “With the tools to achieve financial freedom, lower costs to better provide for themselves and their families and protect their rights.” I believe that increasing financial literacy on all the new and evolving financial assets including cryptocurrencies is also strategically important.

Too often, marginalized communities are consigned to the sidelines to witness the economic innovation and progress of others. Yet today, I believe that Black America should take a deeper and a more informed look at the emerging marketplace for cryptocurrency. I am not an expert on crypto, but I know that in the communities that I have worked for civil rights over the past 60 years deserve to have greater access to information and knowledge that is factual and honest about the specific benefits that may come from attaining crypto digital assets.

I coined the term “Crypto Black” as timely call to action to Black Americans — and actually to all Americans — to take seriously the need to do personal and collective research, study and appropriate responses to the opportunities to gain greater financial literacy about the tools and potential benefits of acquiring cryptocurrency.

There are multiple collaborative roles that the government, the private sector, and civil society must all do together to advance the opportunity agenda in the crypto space.

First, we need to foster better financial literacy education about digital assets inside the Black Community. Too many Black Americans have fallen prey to major scammers inside this space – and too few have been able to access the windfall of opportunities from innovation in cryptocurrency. How do we close this gap? Education. We need community workshops on cryptocurrency literacy, just like we have had in the past on financial literacy. Black Americans can – and should – be leaders in adopting this revolutionary technology, but we need to understand how it works, and how to access its benefits.

In his recent book, “Hijacking Bitcoin,” Roger Ver – one of the founding fathers of cryptocurrency – shares how he and others sought to spread this technology to unlock financial freedom for people around the world but have had to grapple with scammers and self-interested individuals who flooded into the space. Ver bears many scars from this decade-plus fight. He and others who are advancing cryptocurrencies for the right reasons should find ways and means to work with Black business leaders in the United States Black Chamber (USBC), the National Urban League and with many others.

Second, we need to ensure that the growing number Black crypto CEOs and entrepreneurs have a seat at the most important industry tables. While there are a few in the Black community that have been early adopters of cryptocurrency, we have not seen enough Black founders and CEOs at the head of the most important digital asset companies. There are many areas where a future President Harris could help promote Black leaders in this field. One idea for the next Administration is to host regular conversations on crypto and ensure that Black crypto entrepreneurs have a leadership role.

Third, digital assets if properly researched and attained can help to unlock innovative wealth advancement for millions of Black Americans. I am hopeful personally that our next President of the United States, Kamala Harris, will seize this moment with a bold vision and a series of forward-looking public policies. “Crypto Black” will be good for Black America.

Benjamin F, Chavis Jr. is the President and CEO of the National Newspaper Publishers Association (NNPA) and a long-term civil rights leader who can be reached at dr.bchavis@nnpa.org.

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Target Takes a Hit: $12.4 Billion Wiped Out as Boycotts Grow

Target Corporation’s stock plummeted by approximately $27.27 per share by the end of February, erasing about $12.4 billion in market value. The drop came on February 28, the designated economic blackout day, and coincided with mounting backlash over the retailer’s decision to abandon its diversity, equity, and inclusion (DEI) commitments. The National Newspaper Publishers Association […]

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Target Corporation’s stock plummeted by approximately $27.27 per share by the end of February, erasing about $12.4 billion in market value. The drop came on February 28, the designated economic blackout day, and coincided with mounting backlash over the retailer’s decision to abandon its diversity, equity, and inclusion (DEI) commitments.

The National Newspaper Publishers Association (NNPA) has taken action through its Public Education and Selective Buying Campaign. NNPA President and CEO Dr. Benjamin F. Chavis Jr. said, “Black consumers helped build Target into a retail giant, and now they are making their voices heard. If corporations believe they can roll back diversity commitments without consequence, they are mistaken.”

Reverend Jamal Bryant, pastor of New Birth Missionary Baptist Church in Georgia, has led calls for a “40-Day Target Fast,” urging Black consumers to withhold their spending at the retailer. “Black people spend $12 million a day at Target,” Bryant said. “If we withhold our dollars, we can make a statement that cannot be ignored.”

The NAACP also issued a Black Consumer Advisory in response to Target’s DEI rollback, warning Black consumers about corporate retreat from diversity initiatives. The advisory urges them to support businesses that remain committed to investing in Black communities.

Target is also facing legal battles. Shareholders have filed lawsuits challenging the company’s DEI policies, arguing that the commitments hurt financial performance. Meanwhile, conservative groups have sued over Target’s diversity efforts, claiming they discriminated against white employees and other groups.

“Consumers have the power to demand change, and Target is learning that lesson the hard way,” Chavis said.

 

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BREAKING Groundbreaking Singer Angie Stone Dies in Car Accident at 63

By Stacy M. Brown BlackPressUSA Senior National Correspondent @StacyBrownMedia The music and entertainment world reacted in shock and sorrow after the tragic death of Angie Stone, the pioneering singer-songwriter and hip-hop trailblazer who was killed in a car accident early Saturday morning in Montgomery, Alabama. She was 63. Stone’s publicist, Deborah R. Champagne, confirmed the […]

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By Stacy M. Brown

BlackPressUSA Senior National Correspondent

@StacyBrownMedia

The music and entertainment world reacted in shock and sorrow after the tragic death of Angie Stone, the pioneering singer-songwriter and hip-hop trailblazer who was killed in a car accident early Saturday morning in Montgomery, Alabama. She was 63.

Stone’s publicist, Deborah R. Champagne, confirmed the devastating news, stating that her family is heartbroken. “A number of her loved ones had just spoken to her last night,” Champagne told TMZ.

Born Angela Brown, Stone first rose to prominence as a member of The Sequence, hip-hop’s first all-female rap group. Their 1979 hit Funk You Up became one of the earliest rap records to break into the mainstream, later sampled in Bruno Mars’ Uptown Funk and Dr. Dre’s Keep Their Heads Ringin’. After her years with The Sequence, Stone launched a solo career in the late 1990s, earning Grammy nominations and releasing celebrated R&B hits like Brotha, No More Rain, and Wish I Didn’t Miss You.

Stone’s career spanned decades, seamlessly blending hip-hop, soul, and R&B. Her debut solo album, Black Diamond, achieved gold status. She earned multiple Grammy nominations, including Best Female R&B Vocal Performance for U-Haul and Best R&B Performance by a Duo or Group with Joe for More Than a Woman and with Betty Wright for Baby.

Several of Stone’s peers offered tributes following the devastating news.

Chuck D, the legendary Public Enemy frontman and Rock & Roll Hall of Fame inductee, called Stone a foundational figure. “Angie Stone [was] a powerful pioneer whenever I thought of her,” he told Black Press USA. “A foundation of modern soul and hip-hop and women empowerment that she’s still uncredited for. A terrible loss.”

Rocky Bucano, executive director of the Hip Hop Museum, described Stone as a groundbreaking force. “As a member of The Sequence, Angie B helped pave the way for generations of women in hip-hop,” Bucano said in an email to Black Press USA. “Her impact on hip-hop culture is immeasurable, and her presence will be deeply missed. Rest in power, Angie Stone. Your voice and influence will never fade.”

DJ Ralph McDaniels also told Black Press USA that Stone’s artistry mainly was unmatched. “Peaceful journey to our sister Angie Stone,” he said. “Her voice was unique and direct from hip-hop’s female group Sequence to her solo soul songs.”

Dr. Mario Dickens of Mario Dickens Ministries also offered condolences. “We are saddened to hear of the passing of one of this era’s greatest memorable voices,” he said. “We pray for her loved ones and fans,” said Dickens, who extended his company’s memorial printing services to Stone’s family at no cost.

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NAACP Legend and Freedom Fighter Hazel Dukes Passes

“She was a warrior in the truest sense of the word and activist extraordinaire.”  Those words are from Reverend Al Sharpton who is celebrating the life and activism of the iconic Dr. Hazel Nell Dukes, civil rights activist and leader within the ranks of the New York and National Board of the NAACP.  Dukes 92  […]

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“She was a warrior in the truest sense of the word and activist extraordinaire.”  Those words are from Reverend Al Sharpton who is celebrating the life and activism of the iconic Dr. Hazel Nell Dukes, civil rights activist and leader within the ranks of the New York and National Board of the NAACP.  Dukes 92  passed away this morning in  New York. 

Just two weeks ago, Dukes was wheelchair bound and present to perform her duty as NAACP Election Supervisory Chair certifying the elections of the rights groups’ board members. 

Dr. Ben Chavis, elected in 1993,  was the 7th Executive Director and CEO of the  NAACP and spoke on the life of Dukes saying, “The transformative leadership legacy of freedom fighter Hazel Dukes will now be enshrined with the greatest honor and respect as a leader of the NAACP in America and throughout the world.”

This morning the Chair of the Board of the NAACP Leon W. Russell told Black Press USA that Dr. Dukes led the NAACP New York Conference for 50 years acknowledging, “Her work has helped ensure that the 116-year-old NAACP could remain relevant and continue its work throughout the years. She has been consistent in her work and her support as a member and a leader.”

Sharpton says she has known her for almost 50 years since he was a teen. “There never was an issue that she was not out front. We’ve gone to jail together and the White House together.”

Sharpton expects to offer comments at Duke’s funeral service. He recalls she was “authentic, committed, and concerned,” The rights leader and TV host also says, “We will never have another Hazel Dukes. But thank God we had this one.”

The NAACP Board was notified of the passing of Dr. Dukes through the following correspondence this morning: 

Passing of a Loved One.  To God Be The Glory!

Colleagues, it is with a heavy heart and a profound sense of sadness that I inform you of that our sister, Momma Dukes, went to be with the ancestors at 6:20 AM today. Her transition was officially recorded and announced at 6:38 AM. Please lift her up in prayer and continue to pray for her son Ronald and all of her extended family.  

It is always hard to send a message like this but as Hazel would say, she is in God’s hands now.  

Dr. Hazel Nell Dukes, President of the NAACP New York State Conference and Member of the NAACP National Board of Directors was bold and courageous. She was a true warrior for civil rights and social justice.  Her voice and her influence at our table will be missed, but we will all continue to be influenced by that same voice as we continue to fight for that same cause. Hazel was one of the giants on whose shoulders we will continue to stand as we continue to do God’s work here on Earth.

I will keep you informed as arrangements are announced and finalized.  Please know that Hazel passed peacefully surrounded by many of the people who loved her and clergy who knew and pastored to her.

May our sister Hazel rest in power.

With a heavy heart.

Leon W. Russell

Chairman

NAACP National Board of Directors

 

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