At a hearing of the Finance Committee on Wednesday, Professor Ludovic Desmedt called bitcoin a purely speculative asset. He considered the exchange platforms to be "colossi with feet of clay." Bertrand Peyret of the ACPR compared cryptos to a local exchange system, like the ball necklace in vacation villages...
Senate keeps a close eye on the crypto-asset sector
In the wake of FTX's bankruptcy last year, the Senate was behind a tightening of registration requirements for digital asset service providers. (Credit: Senate)