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Former Belgian Finance Minister Calls for a Crypto Ban, Thanks to SVB

In response to the turbulence in the banking industry, Johan Van Overtveldt, a member of the European Parliament and a former finance minister of Belgium, called for a ban on cryptocurrencies in a Friday tweet.

Van Overtveldt made the remarks as the European Parliament readies to vote on historic crypto licensing laws for the region. Van Overtveldt is the economic spokesperson for a group of 64 EU legislators.

“Another thing to take away from the present banking uproar.” Van Overtveldt tweeted, “Enforce a severe prohibition on cryptocurrencies. The assets are nothing more than speculative and have no economic or social value.

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