With only two words on the lips of all crypto investors right now โcrypto winterโ, crypto event organizers have reduced the exuberance of the events. They are trying to keep the focus only on the most relevant arguments that will be raised regarding taxes and other regulations.
Crypto events witness the presence of high-level executives and founders along with those who use or promote crypto. For example, Tiffany Fong, a crypto-influencer who rose to fame interviewing Bankman-Fried after the FTX fiasco, frequently attends these events. She has noted that right now crypto conferences are much lighter than they used to be during bull markets, "People have named big DJs who have performed at past conferences during bull markets and point out that parties and events They're much calmer this year."
However, Fong believes that cryptocurrencies still shine despite the bear market and these conferences are a good opportunity to network with the major and determined players in this industry.
Meanwhile, there was an event for the XRP Army taking place in Las Vegas on May 6-7 where attendees were seen excited and optimistic about the future of cryptocurrencies.
Pro-XRP attorney John Deaton said XRP fans were seen asking relevant and well-planned questions at the event, but he could still sense a sense of concern in their queries: "I wouldn't classify their excitement as fear but rather frustration that it shouldn't be that difficult or take that long to achieve regulatory clarity in the United States.โ
Deaton further said that SEC Chairman Gary Gensler's โregulation by enforcementโ approach to cryptocurrencies was the reason for his frustration.
Regulation appears to be the top priority even for Australia's crypto community and was the main point of discussion at a recent Binance Australia meeting that took place on May 3.
Ben Rose, general manager of Binance Australia and New Zealand, said that another point that drew a lot of attention was the "crypto tax" and that the bear market did not deter attendees from continuing to be curious about the various aspects of cryptocurrencies. . "More recently there have been a lot of newcomers asking beginner-level questions, which is encouraging."
Rose even revealed that excitement could be felt in the audience about a possible bull run with a small increase in the price of Bitcoin.
Overall, it can be deduced that even after the brutal crypto winter, there are plenty of enthusiasts in the crypto space eagerly anticipating the next crypto bull run, with governments expected to provide greater regulatory clarity on cryptocurrencies across the globe. world in the near future. .
The writer is the founder of yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash
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