The crypto industry sure has its share of skeptics. However, in a first, crypto nay-sayers are putting together their anti-crypto conference.
In a recent blog, crypto critic and journalist Amy Castor said that the Crypto Policy Symposium would be a platform for anti-cryptocurrency voices to be heard.
A June letter sent to US lawmakers caught headlines, which 26 computer scientists and academics signed. The letter also finds itself mentioned in Castor’s blog.
What is the Crypto Policy Symposium?
Castor claims that the symposium is a chance for the anti-cryptocurrency crowd to connect with lawmakers and network to know what is necessary to shape future policy.
Author Stephen Diehl will organize the symposium. Diehl explained to Castor that the motive of the gathering was to provide the public a chance to communicate with legislators. The public can share how they think the cryptocurrency industry should be handled.
According to Castor,
“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.”
The conference will discuss the influence of Bitcoin on the environment, its politics, ICOs, NFTs, Web3, and the latest DeFi domino collapse.
Why the need for the conference?
Castor and other bitcoin doubters believe that government officials don’t know the fundamentals of how cryptocurrencies operate. Government representatives, as Castor points out, are appallingly ignorant. Given that supporters would highlight the sector’s advantages and technology, the parallels could end there. The disadvantages, such as what Castor dubbed the present DeFi domino fall, will be highlighted by the doubters in comparison.
However, Castor could be wrong in her assessment. Lawmakers have proven to be vigilant and aware. Many anti-crypto laws have been passed or are on the verge of being passed, and New York State is one jurisdiction where crypto-mining could potentially be banned.
Additionally, Castor bemoaned those deep-pocketed crypto businesses with tons of venture capitalist support are the critical voices heard by legislators, who may be swaying their choices. Now, Castor questions the backing of crypto businesses by venture capitalists. However, this warrants a question as to who the backers of the symposium are.
The event is open to US and European banking and regulatory authorities representatives. Nobody from the government has been officially confirmed as a visitor, though. The only confirmed speakers are journalists, software developers, and various lecturers.
The symposium is scheduled in London on the 5th and 6th of September. The event will also be available via live streaming.