The French Senate should set up a new committee to probe crypto assets, lawmaker Nathalie Goulet told CoinDesk Thursday, citing the risk of opaque markets being linked to crime and financial instability.
Senators don’t have the technological know-how to confront topics like the Markets in Crypto Assets (MiCA) legislation recently agreed upon by the European Union – or on the related topic of how to tax the sector, Goulet said.
“I’m not sure that today there are 10 senators who are capable of understanding” crypto policy issues, said Goulet, who sits on the Centrist Union political grouping, which is the Senate’s third-largest.
The text of the motion formally requesting a new committee, published Friday, is heavy on the negatives of the technology. The document says blockchain may support crime because it “permits anonymity and favors opaque trading,” and compares the market to the subprime mortgages that caused the 2008 financial crisis.
Goulet’s concerns arise from her own...
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