Share this page!

Patrick Hansen Profile picture
Twitter logo
Mar 12 • 5 tweets • 4 min read
1/ Important addition 📢

There are 2 alternatives to the Article 2a (POW) that will both be voted on. The 2nd one doesn't plan a ban.

Only 1 of the 2 will make it through. There seems to be a very thin majority against the ban right now, but tbd.

Here is who supports what 👇
2/ The new POW-ban amendment below is tabled and supported by the Greens, the Socialists & Democrats, and the Left in the European Parliament, led by @EeroHeinaluoma & @Schuster_MdEP (S&D), @ernesturtasun & @RasmusAndresen (Greens), & @MacManusChris (Left).
3/ An alternative to the ban is supported by EVP, AKR, Liberals (Renew) and ID.

The alternative is tabled and supported by rapporteur @DrStefanBerger and explicitly doesn't contain any ban.

More infos on the second alternative here:
4/ The vote will take place in the ECON committee of the European Parliament on Monday. The majority is 31 votes.

Currently, there is a super-thin majority against the POW-ban amendment and for the one of @DrStefanBerger, but it is not guaranteed that it holds.
5/ So it is quite open which of the two will make it through the vote, but I am by now more optimistic than this morning.

I got that information from EU policy stakeholders, but please still treat any news with caution as everything might change quickly.

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Patrick Hansen

Patrick Hansen Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @paddi_hansen

Patrick Hansen Profile picture
Mar 13
1/5 The EU Parliament vote on the de facto POW-ban will take place tomorrow at 1:45-2pm CET. You can follow it via live stream.

I will also share a quick summary here on twitter.

Reminder: This is not the final vote on the regulation.
europarl.europa.eu/committees/en/… #Bitcoin #BTC
2/ Even if the ECON committee votes in favor, it is unlikely that the amendment will find its way into the final agreement that becomes law.

Both the EU Commission & the Council would in all likelihood squash it in the upcoming "trilogue" negotiations.
3/ BUT:

1. You never know. The macro-environment (Ukraine, inflation etc.) changes rapidly and energy (prices, usage etc.) might soon become policy topic #1.

Nobody expected this amendment to make it even this far in the EU Parliament.
Read 5 tweets
Patrick Hansen Profile picture
Mar 12
1/8 Bad news for #bitcoin & #cryptocurrency in the EU 🚨

The POW-ban has basically made its way back into the draft of the European Parliament that will be voted on in the committee on Monday.

I just read the latest draft. A quick update 👇
@balajis @_pgauthier @BrianBrooksUS
2/ 4 days ago the rapporteur @DrStefanBerger tweeted that his new compromise dropped any ban/addressing of POW.

Now just before the vote a last-minute draft brings back the ban. This is totally unexpected & I was too quick to dismiss that yesterday night.
3/ The wording of the POW ban has changed, but the effect is essentially the same.

Crypto-assets that are deemed unsustainable will be prohibited from being issued, offered or admitted to trading.
Read 9 tweets
Patrick Hansen Profile picture
Jan 30
1/8 For the CBDC skeptics over in the US, please let the FED know about your opposition/opinion.

The FED launched a public consultation like the ECB did in Europe last year.

You can use it to build up political pressure 👇
#Bitcoin #Crypto
2/ Alongside its long-awaited digital dollar report, the FED also launched a not much noticed public feedback form.

Everyone is invited to comment on CBDC benefits, risks, policy questions, and design features until May 2022.

cnbc.com/2022/01/20/fed…
4/ You can access the FED CBDC feedback form here: federalreserve.gov/apps/forms/cbdc

It contains 22 open questions around financial stability, financial inclusion, privacy, legal questions etc.
Read 8 tweets
Patrick Hansen Profile picture
Dec 30, 2021
1/ 2021 was the first year of the @BanklessHQ DeFi mullet thesis playing out.

Fintech in the front, DeFi in the back.

A thread on the 5 most important CeDeFi projects in 2021 and what to expect for 2022 👇

newsletter.banklesshq.com/p/the-defi-mul… @RyanSAdams @TrustlessState
2/ The most spectacular event was the French banking giant @SocieteGenerale (6th biggest bank in Europe) submitting a public governance proposal on MakerDAO to have their new bond tokens approved as collateral for $20m in DAI.
coindesk.com/business/2021/…
@MakerDAO @RuneKek
3/ Having a multinational bank engaging on a DeFi governance forum with a DAO and a bunch of pseudonymous Maker contributors is mindblowing - and surely won’t pass unnoticed by other banks.

This is probably the largest banking DeFi adoption step to date.
Read 23 tweets
Patrick Hansen Profile picture
Nov 15, 2021
1/ Europe🤝Web3

The EU economy is struggling in the web era. Our share in global equity markets has halved over the past 20 years.

Web3 is THE opportunity we have long been waiting for. I wrote an article on why the EU should embrace crypto 👇🧵

law.stanford.edu/2021/11/12/eur…
2/ In between 2 jobs, I finally had time to structure this strain of thoughts.

Between Chinese tech-authoritarianism & FAANG in the US, Europe has been striving for a “third way” tech policy for years - with very limited results.

Web3 perfectly embodies this "third way".
3/ In this @StanfordLaw article, I discuss three major arguments:

1. Web3 for digital sovereignty.
2. Web3 for financial independence.
3. Web3 for economic revival.

Here comes a brief summary of these. Please check out the article for a more comprehensive analysis.
Read 25 tweets
Patrick Hansen Profile picture
Oct 4, 2021
1/
 Germany implements FATF travel rule for crypto and adopts new crypto transfer regulation.

Although there are small improvements compared to the initial draft, this is a perfect example of how regulation in the crypto space should not look like

👇

tittlepress.com/crypto/1190480/
2/
 Since October 1, CASPs (crypto asset service providers, i.e. exchanges, custodians etc.) in Germany have to comply with the new regulation. That means they have to record & exchange information (name, address etc.) about the originator & beneficiary of every transaction.
3/
 When transacting with unhosted/non-custodial wallets, they are also asked to collect that information, unless they can assure the traceability of the transaction in some other way.
Read 13 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @paddi_hansen has new unrolls!

Check out other threads from @paddi_hansen!

Read all threads by @paddi_hansen

:(