The anti-crypto conference believes that delegates will have the opportunity to express their doubts about the sector in person with government representatives.
In the midst of the most recent crypto bear market, critics of the business and asset class have banded together to host their own anti-crypto conference where they can express their doubts and connect with legislators.
The majority of crypto conferences highlight the most recent innovations at the forefront of the industry, but according to Amy Castor, a crypto critic, the Crypto Policy Symposium promises to give unhappy skeptics a platform to air their grievances.
Author and symposium organizer Stephen Diehl told Castor that the goal of this first such anti-crypto gathering is to provide the public a chance to communicate with legislators about how they think the crypto business ought to be handled.
“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.”
Castor and other bitcoin doubters share the opinion that government officials don’t have a firm knowledge of the fundamentals of how cryptocurrencies operate. Government representatives are, in Castor’s words, “woefully misinformed.” Given that supporters would highlight the advantages of the sector and technology, the similarities might end there. The critics, however, will highlight the drawbacks, such as what Castor dubbed “the current DeFi domino collapse.”
Castor bemoaned the fact that “deep-pocketed crypto businesses with tons of venture capitalist support” are the key voices heard by legislators, who might be swaying their choices. Her opinion notwithstanding, it still seems very challenging for the cryptocurrency business to advance in many places, such as in New York State, where a ban on Bitcoin (BTC) mining is looming.
Progress is either slow or nonexistent in Australia and China, where cryptocurrency financial services are still blocked by regulators and mining and transactions are explicitly prohibited.
The event is open to representatives from US and European banking and regulatory authorities. Nobody from the government has been officially confirmed as a visitor, though. The only confirmed speakers are journalists, software engineers, and various lecturers.
On September 5 and 6, the symposium will be broadcast live from London.
