Day 1 after EU Crypto Catastrophe:
A post-mortem & How to win the war!
Yesterdays battle for EU crypto, for privacy, for Web3 & for DEFI was lost.
It left big & bleeding wound. Few won, only winner was FUD
Future of EU crypto will be determined by what we do now...
A 🧵
A post-mortem & How to win the war!
Yesterdays battle for EU crypto, for privacy, for Web3 & for DEFI was lost.
It left big & bleeding wound. Few won, only winner was FUD
Future of EU crypto will be determined by what we do now...
A 🧵
The spill-over from this EU crypto crisis on other jurisdictions will harm all. We needs to stand together.
Save Web3, Defi, DAOs, Metaverse & everything crypto by countering this sneak-attack on privacy & freedom to transact
Let’s quickly look at status quo & what happened:
Save Web3, Defi, DAOs, Metaverse & everything crypto by countering this sneak-attack on privacy & freedom to transact
Let’s quickly look at status quo & what happened:
The Positive:
😀 Huge progress in support among politicians in last 72 hours. Rare to see something like this. CT succeeded!
😀 Crypto giants #Coinbase, #Gemini & #Ledger stood up & raised our key concerns.
😀 EU crypto networks entered CT dog-fights towards the end
😀 Huge progress in support among politicians in last 72 hours. Rare to see something like this. CT succeeded!
😀 Crypto giants #Coinbase, #Gemini & #Ledger stood up & raised our key concerns.
😀 EU crypto networks entered CT dog-fights towards the end
The Negative (1):
😟 EU crypto advocacy networks largely failed: insufficiently organized, too few resources & behind doors advocacy didn’t work
😟 EU crypto companies largely abstained from public engagement, some working behind the scene. Little impact
😟 EU crypto advocacy networks largely failed: insufficiently organized, too few resources & behind doors advocacy didn’t work
😟 EU crypto companies largely abstained from public engagement, some working behind the scene. Little impact
The Negative (2):
😟Big exchanges like #Binance & #FTX were silent. Power-houses didn’t support the ‘movement’
😟Bluechip Defi no-where to be seen: #UniSwap? #Compound? #Synthetics? @fund_defi
😟 CT style aggressiveness offended some MEPs, enabling them to portray as victims
😟Big exchanges like #Binance & #FTX were silent. Power-houses didn’t support the ‘movement’
😟Bluechip Defi no-where to be seen: #UniSwap? #Compound? #Synthetics? @fund_defi
😟 CT style aggressiveness offended some MEPs, enabling them to portray as victims
The Negative (3)
😟 Few understand the huge negative spill-over on other jurisdictions from EU crypto laws
😟 US & Washington does & will use EU law as precedence to justify proposals
Enough! No more negativity! 😀
😟 Few understand the huge negative spill-over on other jurisdictions from EU crypto laws
😟 US & Washington does & will use EU law as precedence to justify proposals
Enough! No more negativity! 😀
What happened in EP?
Green & Socialist groups stood firm behind their proposals in Committee. EPP favoured innovation, tech-neutrality but Liberals split. Votes lost with only few votes!
Very fragile victory for @ernesturtasun, @GreensEFA @TheProgressives
Details other 🧵
Green & Socialist groups stood firm behind their proposals in Committee. EPP favoured innovation, tech-neutrality but Liberals split. Votes lost with only few votes!
Very fragile victory for @ernesturtasun, @GreensEFA @TheProgressives
Details other 🧵
Real strange EP political situation:
🤨Those political groups closest to banking system voted for innovation, privacy
🤨Liberals who favour free-market were split
🤨Greens/Socialists who 'protect' the 'small & weak' favoured legacy financial system & protected banking sector
🤨Those political groups closest to banking system voted for innovation, privacy
🤨Liberals who favour free-market were split
🤨Greens/Socialists who 'protect' the 'small & weak' favoured legacy financial system & protected banking sector
Greens & Socialists have had set-backs in other EU files lately:
(1) one being gas&nuclear which DE/FR forced EU to include as sustainable energy/green investments
(2) the embarrassment of the ‘BTC/PoW Ban’ failure.
Pushed against the wall? Revenge? Not substance for most?
(1) one being gas&nuclear which DE/FR forced EU to include as sustainable energy/green investments
(2) the embarrassment of the ‘BTC/PoW Ban’ failure.
Pushed against the wall? Revenge? Not substance for most?
How to win the war & next steps (1)
Identify & formulate short, precise key problems in ECON text
Such as: undermining innovation & tech neutrality; destroying privacy & freedom to transact, killing EU competitiveness & attractiveness, wiping out EU Web3 & Defi....
Identify & formulate short, precise key problems in ECON text
Such as: undermining innovation & tech neutrality; destroying privacy & freedom to transact, killing EU competitiveness & attractiveness, wiping out EU Web3 & Defi....
How to do advocacy during trilogues (1)
Continue EP education:
😃 outreach to MEPs and political groups :
😉 Need to reach constituency of a few MEPs: particular in Barcelona and Flandern
😃Focus on shadow rapporteurs and their staff
😉Connect to ECON & LIBE secretariat
Continue EP education:
😃 outreach to MEPs and political groups :
😉 Need to reach constituency of a few MEPs: particular in Barcelona and Flandern
😃Focus on shadow rapporteurs and their staff
😉Connect to ECON & LIBE secretariat
How to do advocacy during trilogues (2)
🇫🇷Send letters to FR EU Presidency @Europe2022FR , particular Minister @BrunoLeMaire & French negotiators
🇫🇷French crypto groups & business important role. Paris crypto must be mobilized @adan_asso @_pgauthier @StachAlex @Pierr_Person
🇫🇷Send letters to FR EU Presidency @Europe2022FR , particular Minister @BrunoLeMaire & French negotiators
🇫🇷French crypto groups & business important role. Paris crypto must be mobilized @adan_asso @_pgauthier @StachAlex @Pierr_Person
How to do advocacy during trilogues (3)
Identify EU Ministers, countries and counsellors most favourable to crypto industry (🇩🇪🇮🇪🇵🇹🇱🇺🇲🇹🇨🇾🇷🇴🇦🇹🇵🇱
Send letters and engage with relevant Permanent Representations in Brussels
Identify EU Ministers, countries and counsellors most favourable to crypto industry (🇩🇪🇮🇪🇵🇹🇱🇺🇲🇹🇨🇾🇷🇴🇦🇹🇵🇱
Send letters and engage with relevant Permanent Representations in Brussels
How to do advocacy during trilogues (4)
EC 🇪🇺 plays broker role during trilogues &
EP proposals risking MiCA progress!
😅 Letters to 3-4 involved Commissioners @VDombrovskis @McGuinnessEU @vestager
😅 Strengthen contacts with EU Officials involved from the various DGs
EC 🇪🇺 plays broker role during trilogues &
EP proposals risking MiCA progress!
😅 Letters to 3-4 involved Commissioners @VDombrovskis @McGuinnessEU @vestager
😅 Strengthen contacts with EU Officials involved from the various DGs
It must end! Final words on status quo
No doubt that crypto has its back against the wall
Facing a big problem which could have been avoided
Now all depends on working with speed, precision and allocate resources
Are we up to the job?
No doubt that crypto has its back against the wall
Facing a big problem which could have been avoided
Now all depends on working with speed, precision and allocate resources
Are we up to the job?
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