The cryptocurrency bear market doesn’t seem to be ending anytime soon. The world’s largest crypto Bitcoin (BTC) continues to trade under pressure at around $19,100. On the other hand, the broader crypto market cap remains under $900 billion.
Amid the bear market conditions, crypto market skeptics have decided to rally together at the first anti-crypto conference. These bear market skeptics will also be rallying with lawmakers. This is the first-of-its-kind crypto conference wherein skeptics are getting together.
So far, most of the crypto conferences have happened to promote the latest developments in the crypto space. For the first time, crypto skeptics will thus have their own conference, Crypto Policy Symposium. In her Sunday blog post, crypto critic journalist Amy Castor said: “It’s a way for us to network amongst ourselves, and to connect with lawmakers to make sure they have the information they need to shape future policy”.
Stephen Diehl, who’s organizing this entire Symposium said that this anti-crypto event will provide a way for the skeptics to directly talk to policymakers. Castor wrote:
The main goal of the symposium, as Diehl explained it to me, is to give policymakers access to the information and material they need to make informed decisions around crypto regulation.
Right now, politicians are mainly hearing from lobby groups, funded by deep-pocket crypto companies with lots of venture capitalist backing. Diehl hopes the effort will bring together domain experts and policymakers from the European Union, and the US to address public interest problems.
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Well, one of the most common perceptions among crypto proponents and critics is that government officials lack a good understanding of the crypto market works. Crypto Policy Symposium organizer Stephen Diehl has invited members of regulatory and financial agencies across the U.S. and Europe. He said:
White papers are being written across every branch of the US government, from the Securities and Exchange Commission to the Treasury Department to the FBI. Biden has commissioned all of this work and the bureaucrats are woefully uninformed. This is a problem, and that is why work like this is really important.
Diehl further added that the goal of the event would be to proceed with a clear policy framework. The topics of discussion would be the politics of Bitcoin, its environmental impacts, ICOs, NFTs, Web 3, and the current DeFi domino collapse. The organizers shall be calling panelists across tech, journalism, and academia.
Diehl said: “There have been hundreds of other crypto industry conferences but this is the first one where critical voices are welcome to speak freely about these important issues”.
Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fictions novels and sometimes explores his culinary skills.
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