The anti-crypto conference anticipates that the attendees will get a chance to speak face-to-face with government officials to share their skepticism about the industry.
In the middle of crypto’s latest bear market, industry and asset class critics have assembled together to share their skepticism and network with lawmakers at their own anti-crypto conference.
Whereas most crypto conferences exist to endorse the latest developments on the cutting edge of the industry, crypto critic journalist Amy Castor said in her July 3 blog post that the Crypto Policy Symposium will give a way for dissatisfied nay-sayers to voice their negativity.
Author and symposium organizer Stephen Diehl clarified to Castor that this first major anti-crypto event intends to offer the community a way to speak directly with policymakers on how they believe the crypto industry should be dealt with.
“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.”
A common perception among skeptics like Castor and crypto supporters is that government officials lack a compact fundamental of how cryptocurrency works. As Castor claims, government officials are “woefully uninformed.” The resemblances may end there as proponents would tout the benefits of the technology and the industry. On the contrary, the skeptics will point out the disadvantages, such as what Castor called “the current DeFi domino collapse.”
Castor criticized that policymaker mainly hear from “deep-pocket crypto companies with lots of venture capitalist backing” who could be angling their policy decisions. In spite of her assessment, it still appears quite difficult for the crypto industry to move forward in many jurisdictions, such as New York State, where a Bitcoin (BTC) mining ban looms.
In China, where mining and crypto transactions are outright baned, and in Australia, where crypto financial services are frozen by regulators, progress is also slow or non-existent.
Members of government regulatory and financial agencies from the US and Europe have been requested to attend the event. However, it is uncertain whether any government officials are confirmed as guests. Only journalists, software engineers, and various professors are confirmed, speakers.
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