The crypto industry is “a complete disaster” at the moment, said Godfrey John Bewicke-Copley, a member of the House of Lords, at an All-Party Parliamentary Group (APPG) meeting on Wednesday.
In fact, he advised that the industry “ditch” the word “crypto” altogether.
“Please, if we are going forward, let’s not call it crypto anymore. Please, don’t call it criminal money. Just call it digital currency or something. Just ditch the crypto,” he said.
Source: Crypto Industry a Disaster in Need of Rebranding, UK Lawmaker Says