EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative Amendment on Crypto Assets
Prior to the vote, lawyer Jake Chervinsky noted that MiCA’s POW ban looks like “a pretext for a bitcoin ban.” He warned: “Make no mistake: if they manage to ban POW, they’ll come for POS [proof-of-stake] next, & every other Sybil resistance mechanism after that.”Hansen added that an alternative amendment from European Parliament member Stefan Berger received support instead.
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And will there be more elections and what to expect in the future?
A wise decision
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The EU Parliament's ECON committee just voted against the de facto POW-ban... A huge relief and political victory for the bitcoin and crypto communities in the EU.