Crypto should be banned in the same way that governments ban drugs, Johan Van Overtveldt, a member of the European Parliament and the former Minister of Finance of Belgium, said in a tweet.
His controversial sentiments quickly sparked a heated response on Twitter, including that from Cardano founder Charles Hoskinson.
Van Overtveldt’s remarks come in the wake of the recent failures of three U.S. banks – Silicon Valley Bank, Signature Bank, and Silvergate Bank – calling digital assets “speculative poison.”