IN DEPTH: France, one of the world's top 10 economies, will go to the polls Sunday to elect its next president. Crypto has barely made a splash despite its role in other nations' elections. jackschickler reports
“I think in French and European speeches there is maybe a focus on risks, more than on opportunities – a focus on protection, rather than raising innovation,” Fleuret said.
Ledger, which specializes in hardware wallets, is one of France’s rare unicorn companies in this space – but Gauthier complains that, whatever slogans politicians bandy about, officials do little to make his life easier. “There’s no real understanding of what the metaverse is, of what is the blockchain, the ins and outs of this technology,” lawmaker Pierre Person told CoinDesk. He fears that could lead to regulation that is “blind, stupid and dogmatic” rather than one the sector needs.
“There’s no real package of propositions that are strong or linked to the problems faced today,” he said – with no candidate setting out how they’d influence EU rules that could prove troublesome for the sector, for instance. Key to changing this attitude, many believe, will be to center crypto debates on the internet issue that most bugs French politicians – their dependence on the Big Tech companies that underpin Web 2.
But some in the crypto community are hopeful this somewhat negative debate can be turned to their advantage – by showing that distributed technology can end the centralized dominance of the current internet, and by underlining the urgency of France not missing out again, as it did with Web 2.
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