While the industry continues to grow, it is still struggling to make a real impact in Brussels.

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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 😅.

Grégory Raymond

Gregory Raymond is a French journalist specializing in economics and cryptocurrencies, currently head of research at The Big Whale.

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Raphaël Bloch

Raphaël Bloch is co-founder and CEO of The Big Whale, a news platform focused on cryptocurrencies. A former journalist at Reuters, Les Echos, and L’Express, he is a graduate of emlyon and the CFJ.

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