“In times of war, energy should not be wasted on crypto-assets”

“In times of war, energy should not be wasted on crypto-assets”


Aurore Lalucq participated in the development of the regulation of crypto-assets within the European Union with the first two texts governing this market, MiCA and TFR. JB Autissier / Panoramic/JB Autissier / Panoramic

INTERVIEW - As the European Union faces an unprecedented energy crisis, MEP Aurore Lalucq pleads for more regulation.

The energy crisis poses the threat of a freezing winter for Europeans. Both businesses and individuals could experience power rationing and are preparing to tighten their belts. In this chorus of calls for energy sobriety, the issue of mining cryptocurrenciesextremely consumer of electricity reappears.

The MEP (S&D) and French economist Aurore Lalucq - who participated in the development of the regulation of crypto-assets within the European Union, with the first two texts framing this market, MiCA and TFR - takes a stand. While electricity may be lacking, the elected official wants to make sure that it will not fuel the activity "not useful" what is mining. “In times of war, energy should not be wasted on crypto-assets. It must be used to keep warm, to eat properly and to maintain our European productive fabric. After setting these priorities, the issue of mining is still very far down the list.

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