It’s been a bad year for crypto. Celsius Network suspended withdrawals on June 12 last year, the day after Consensus 2022 ended. Since then we’ve seen a number of other bankruptcies, the collapse of the FTX exchange and increased attention from policymakers watching thousands of their constituents lose access to millions of dollars’ worth of crypto.
Since then the U.S. Securities and Exchange Commission has ramped up its efforts to police the sector, while U.S. bank regulators have begun issuing statements and guidance warning companies under their charge to be careful around crypto (to say the least). The European Union has finally approved the Markets in Crypto Asset (MiCA) legislation that's been in the works for years, and member governments are soon going to implement the multinational framework. Regulators in places including Hong Kong and the U.K. are revisiting how they approach crypto.
There's also this sharp contrast between the U.S., where lawmakers are still discussing and debating crypto issues without moving legislation, and other regions where we're seeing firm laws and additional guidance tailored to the crypto sector.
We'll hear about all of these issues during the policy summit this week.
I’ll be moderating four sessions: one-on-one discussions with Coinbase Chief Legal Officer Paul Grewal, New York Department of Financial Services Superintendent Adrienne Harris and Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero; and our annual Lawmaker Town Hall with House Financial Services Committee Chairman Rep. Patrick McHenry (R-N.C.) and Senator Cynthia Lummis (R-Wyo.).
We'll also hear from Bahamas Prime Minister Philip Davis, Binance Financial Crime Compliance Head Tigran Gambaryan and even Captain Kirk, aka William Shatner.
Watch CoinDesk's website for coverage throughout the week if you can't make it yourself, and if you are present, come say hi!
