Europe: Where is the crypto lobby?
While the industry continues to grow, it is still struggling to make a real impact in Brussels.
Take the test. Go to Brussels and ask visiting Commission officials or European elected representatives if they see much of the crypto players. Their answer will often be the same: "Honestly, not too many."
Some like Circle - which is American - are present. But that's still a small minority...
The reasons for this lack of clout are well known: the industry is very young and many policymakers don't yet take crypto very seriously. "There's a big image deficit," explains Karel Lannoo, head of the European Credit Research Institut, a European think tank specialising in financial regulation.
Not sure the FTX-Binance episode will be very effective from that point of view 😅.