In contrast to most crypto conferences, which aim to showcase the most recent advancements in the field, crypto critic journalist Amy Castor said in a blog post on July 3 that an upcoming anti-crypto conference promised a platform for unhappy skeptics to air their concerns.
Castor was informed by author and symposium organizer Stephen Diehl that this first significant anti-crypto gathering, called the Crypto Policy Symposium, seeks to give the public a way to communicate with politicians on how they think the crypto industry should be handled.
Critics prop anti-crypto conference for the ‘woefully uninformed’
Skeptics like Castor and crypto supporters alike believe that government officials lack a core understanding of how cryptocurrency works. Castor observes that government officials are “woefully uninformed.”
The parallels may end there, as supporters would promote the advantages of the technology and the sector. Skeptics, on the other hand, will point out the drawbacks, such as what Castor refers to as “the current DeFi domino collapse.”
“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 wrote.
Castor bemoaned the fact that “deep-pocketed crypto companies with lots of venture capitalist backing” 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 New York State, where a ban on Bitcoin (BTC) mining is looming.
Under ongoing scrutiny
On September 5 and 6, the symposium will be broadcast live from London.
The event is open to officials from U.S. and European financial and regulatory authorities. Nobody from the government has been officially confirmed as a guest, though. The only confirmed speakers are journalists, software engineers, and various lecturers.