Gary Gensler already knows this but he's already lost the game. And what do you do when you're a sore loser? Turn over the monopoly board.
Crypto actors do not really have a border. By doing that, he shoots himself in the foot. Instead of having docile exchanges on American territory, it creates out-of-control monsters outside its borders. Moreover, it deprives his country of a new, dynamic and job-creating sector of activity. Why do you want to do something new with something old? Crypto is neither an equity, nor a currency, a commodity, or a collectible. It's something new. And for something new, you don't take an existing word, you create another one. Why try to fit a square peg into a round hole. We must not forget the context in which Bitcoin was created. It is precisely in response to ultra-interventionism.
Regulation should be at the service of technology, not the other way around. Investor protection does not mean telling your child: "Don't leave the house, it's too dangerous".
There are 180 legal currencies around the world, over 270 borders and more than 100 securities regulators. We are in the 21st century. It is also because of this that Bitcoin was created. In addition to creating something decentralized, Satoshi wanted something Universal.
There are more than 30,000 banks in the world and it can take more than 2 weeks to send money to another country. More than 6 weeks to send financial securities. More than 8 weeks to buy a property. Are you sure that traditional finance is at the service of its users?
The crypto ecosystem is there for its users.
Let's build the finance of tomorrow together, inclusive of comprehensive regulation.
Everyone wins.
If even the utilities are getting into it…
The world is moving faster than ever, and as we step deeper into Web3, it's becoming evident that players close to public interest are making a big splash in this new ocean.
The Green Road to the Future, Powered by EDF
Firstly, we have an exciting update from EDF, the French electricity giant. In anticipation of the digital revolution, its subsidiary, Exaion, is playing a leading role by operating over 150 Ethereum nodes. But why are they diving into the realm of blockchain and staking nodes?
By harnessing the power of Ethereum's Merge, a monumental shift in the Ethereum protocol that reduced energy consumption by over 95%, Exaion serves as an eco-responsible pivot into the world of Web3. This is a big step forward, not only for EDF and Exaion but also for their customers and stakeholders.
As the world grows increasingly conscious of climate change, corporations with a strong sustainability narrative will rise to the top. By staking in Ethereum and other low carbon blockchains, they can partake in securing the network, earning rewards, and leading the charge towards a more sustainable future of finance.
Deutsche Telekom: Scaling Heights with Polygon
Secondly, there's Germany's Deutsche Telekom, Europe’s telecom titan, making a grand entry as a Polygon validator. But why is this significant? And what does it mean for them and their customers?
Polygon, an essential Layer 2 within the Ethereum ecosystem, offers various scaling solutions. Becoming a validator, Deutsche Telekom contributes to improved security, decentralization, and governance of the protocol. This venture represents a substantial commitment to extending its reach and reliability as an infrastructure provider in the Web 3 space.
By stepping into the role of a validator, Deutsche Telekom aims to secure new revenue streams, increase network security, and become a Web3 service provider. This isn't just beneficial for the company; it's a win-win for the customers too. Users can enjoy more secure, reliable, and potentially more affordable services, as blockchain technology helps reduce costs and enhance efficiency.
These developments highlight the growing importance of Web3 and staking nodes in the world of corporate strategy. With major players like EDF and Deutsche Telekom stepping into the arena, it's clear that blockchain is no longer the future, it's the present.
It’s time to adapt.
The Fipto research team
