Haters to unite at the first conference for crypto skeptics

In the midst of the latest bear market for cryptocurrencies, industry and asset class critics gathered to share their skepticism and network with lawmakers at their own anti-cryptocurrency conference.

Most crypto conferences exist to drive the latest developments at the cutting edge of the industry, but crypto critic journalist Amy Caster said in a blog on July 3rd. Position The Crypto Policy Symposium shows that dissatisfied negative speakers promise a way to express their negative opinions.

Cryptographic skeptics strengthen lobbying at their first meeting Amy Caster https://t.co/DdUjSfFPIQ

The number one source of absurd true crime (@davidgerard) July 3, 2022

Stephen Diehl, author and symposium organizer, said this first major cryptocurrency event aims to provide the community with a way to talk directly with policy makers about how the cryptocurrency industry should be treated. I explained to Castor that it was.

“The main goal of this symposium is to give policy makers access to the information and materials they need to make informed decisions about cryptographic regulations, as Diehl explained to me.”

The general perception among skeptics like Castor and crypto proponents is that government officials lack a solid and basic understanding of how cryptocurrencies work. As Castor points out, government officials are “terribly uninformed.” Similarities may end there as advocates advertise the benefits of technology and industry. In contrast, skeptics point out disadvantages such as what Castor called the “current DeFi domino collapse.”

Join us … walk towards the light.

Amy Caster (@ahcastor) July 3, 2022

Castor complained that policymakers are primarily hearing from “deep cryptocurrency companies with a lot of venture capitalist support” and that they may be distorting their policy decisions. Despite her reputation, it still seems very difficult for the crypto industry to move forward in many jurisdictions, such as New York, where a Bitcoin (BTC) mining ban is imminent.

Progress is slow or nonexistent in China, where mining and crypto trading are completely banned, and in Australia, where crypto financial services remain frozen by regulators.

Related: Experts consider European Union MiCa cryptographic regulations

Members of US and European government regulators and financial institutions were invited to this event. However, it is unclear if government officials have been identified as guests. Only journalists, software engineers, and various professors have been identified as speakers.

The symposium will be held in London and will be livestreamed on September 5th and 6th.