Discover and read the best of Twitter Threads about #mica2

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Today, we attended the #FTX hearing by the @EP_Economics in the @Europarl_EN.

It was an interesting discussion, with the underlying question being

"Would #MiCA have prevented the FTX collapse? Will the new rules be enough to address those issues?"

A🧵with key quotes:

1/9
Speakers underlined this is not a #crypto issue, but a human one

"The lack of segregation of user data in the #FTXscandal demonstrates the legislative need for the #EU to apply existing data protection rules to the #crypto market"

MEP @itinagli, Chair of @EP_Economics

2/9
"The #FTXscandal is caused by human behaviour!

It is to the #crypto market what Lehman Brothers represented for the traditional finance industry. Had #MiCA been already in place, the #FTX case should have never been possible"

MEP @DrStefanBerger, MiCA Rapporteur

3/9
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