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Adan

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uuid000w4zx

Namestring
Adan
Legal namestring
ASSOCIATION POUR LE DEVELOPPEMENT DES ACTIFS NUMERIQUES
Websiteurl
adan.eu
Company typeenum
Private
Founded yearint
2019
Descriptiontext

Adan (Association pour le développement des actifs numériques) is a French professional federation representing digital assets companies in France and Europe. Founded in 2019 by eleven French industry players and publicly launched in January 2020, it acts as the unified industry voice for crypto, blockchain, and Web3 stakeholders, covering exchanges, fintechs, banks, DeFi protocols, stablecoin issuers, tokenization platforms, legal and advisory firms, and infrastructure providers. Its stated mission spans four pillars — growth (favoriser la transition), regulation (promouvoir un encadrement adapté), rayonnement (promoting the industry), and démocratisation (public education) — and it conducts direct policy engagement with French and European regulators including the Ministry of Economy, AMF, ACPR, Banque de France, DGT, ESMA, and EBA.

The federation's service offering centers on regulatory advocacy and policy influence rather than technology products. Adan files consultation responses, publishes position papers and press releases, contributes to legislative drafting (e.g., Decree No. 2026-420 on crypto-asset transfer and pledging), co-hosts the annual Finance & Blockchain conference with Bpifrance, CDC, and OCBF, and produces an annual IPSOS-partnered crypto adoption barometer now in its fifth consecutive year. Working committees (DeFi Committee, Tokenization Committee) provide structured venues for member coordination. By 2026 the federation had aggregated more than 100 member companies and integrated the Web3 Security League to add cybersecurity depth, while expanding into European coalitions alongside Nasdaq, Boerse Stuttgart, GDF, and CryptoUK.

Adan is a non-profit association governed by French law (association loi 1901), headquartered at 13 rue de la Bûcherie, Paris, with a small operational staff (1–10 employees) led by Executive Director Claire Balva (appointed September 1, 2025) and Secretary General Jules Dubourg. Revenue is generated through recurring annual membership subscriptions from member companies (pricing is not publicly disclosed), supplemented by event and partnership contributions. There are no funding rounds, parent companies, M&A activity, or external investors; control rests collectively with the member base. Named institutional members include Coinbase, Circle, Bybit, Société Générale Forge, Bpifrance, BPCE, Crédit Mutuel Arkéa, Moody's, Clifford Chance, Gide, KPMG, Kiln, Kaiko, and Zama, indicating a concentration of tier-one financial, legal, and infrastructure names.

Short descriptiontext

Adan is a French non-profit professional federation representing over 100 digital assets companies in France and Europe, providing regulatory advocacy, policy engagement, and industry coordination through membership subscriptions, working committees, and an annual IPSOS-partnered crypto adoption barometer.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersParis, France
HQ citystring
Paris
HQ countrystring
France
HQ regionstring
Europe
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
industry association membership, regulatory advocacy services, policy research publications, professional federation services, digital asset industry coordination
NAICS code1 code
  • Business Associations813910
SIC code1 code
  • Services-Membership Organizations8600
Product category
Industry Association Services
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Membership fees
TypeSubscription Recurring
Description

ADAN generates revenue through membership fees from French and European digital asset companies. The association works on behalf of members to position French and European industries as global leaders in digital assets.

adan.eu
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Marketing or Sales, Others
Pricing details1 tier
1Membership subscription
ModelSubscriptionBilling cadenceAnnual
Notes

Details available through the adhesion/membership enrollment process at /adherer

adan.eu
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Adan is a professional industry federation for digital asset companies in France and Europe, providing regulatory advocacy, policy research, industry coordination, and member networking. It represents over 100 member companies, including exchanges, fintechs, banks, DeFi protocols, stablecoin issuers, and tokenization players, before French and European policymakers. Core deliverables include consultation responses, position papers, an annual crypto-adoption barometer produced with IPSOS, and events such as the Crypto & Finance Forum.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Adan is a professional industry association (fédération d'entreprises) that represents and unites French and European companies in the digital assets sector (crypto, blockchain, Web3). Rather than offering traditional software products, Adan provides advocacy services, regulatory expertise and influence, annual industry research through its Barometer studies conducted in partnership with IPSOS, publications on policy and regulation, and networking opportunities for its members. The association does not develop or sell commercial software products but serves as a coordinating body working to promote the growth, regulation, influence, and democratization of digital assets in France and Europe.

Product and service4 records
1Adan Membership Program
CategoryMembership services
Description

Membership-based offering for French and European digital asset companies that provides regulatory advocacy and direct engagement with French and European policymakers, industry representation, networking, and access to expertise on emerging regulations such as MiCA, TFR, and the DLT Pilot Regime.

2Annual Barometer on Crypto Adoption in France and Europe (in partnership with IPSOS)
CategoryIndustry research
Description

Annual industry study tracking crypto-asset adoption in France and Europe, conducted with IPSOS and presented at a public restitution event for industry professionals and policymakers.

3Finance & Blockchain Conference (with Bpifrance, CDC, OCBF)
CategoryIndustry events
Description

Major annual conference for digital asset industry stakeholders held at the French Ministry of Economy and Finance, co-organized with Bpifrance, Caisse des Dépôts, and OCBF.

4Crypto & Finance Forum and Web 3 Leaders Forum
CategoryIndustry events
Description

Flagship industry events organized by Adan for digital asset professionals, financial institutions, and policymakers, providing networking and policy dialogue platforms.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership8 partners
1Ligue pour la Sécurité du Web3 (LSW3)
Strategic tierMajorTypeStrategic or Co-development PartnerAnnounced on2026-06-02
Description

The Web3 Security League and its members joined ADAN to integrate sector-specific, technical, and regulatory expertise under one umbrella. This strengthens ADAN's ability to support stakeholders on cybersecurity matters.

adan.eu
2Strategic Group on Innovation and Tokenization (BdF, DGT, AMF)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-04-28
Description

ADAN joined the strategic group alongside Banque de France (BdF), Direction Générale du Trésor (DGT), and Autorité des Marchés Financiers (AMF) to contribute to innovation and tokenization policy discussions.

adan.eu
3European Digital Capital Markets Coalition (DLTPR)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-04-21
Description

ADAN collaborated with 38 partners across Europe in a joint call to action urging EU policymakers to address the DLT Pilot Regime regulatory framework. Coalition includes Nasdaq, Boerse Stuttgart, and 37 other European financial companies.

en.adan.eu
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-07-31
Description

Joint publication of cross-sector report on Travel Rule implementation challenges and recommendations. ADAN, CryptoUK, and GDF collaborated on this European-wide initiative addressing CASP compliance.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-11-26
Description

Strategic partnership announced November 26, 2024. ADAN and GDF collaborate on policy advocacy, research, and industry coordination for digital assets regulation in Europe.

Strategic tierMajorTypeStrategic or Co-development PartnerAnnounced on2024-04-10
Description

Partnership for Finance & Blockchain conference held at the Ministry of Economy and Finance. ADAN co-hosted this major industry event with these French public financial institutions.

Strategic tierSupportingTypeStrategic or Co-development Partner
Description

Partnership for annual barometer studies on crypto adoption in France and Europe. IPSOS conducts surveys that form the basis of ADAN's annual industry study.

Strategic tierSupportingTypeStrategic or Co-development Partner
Description

Conducted the 2022 study 'Cryptocurrency in France: Industry Structure and Adoption by the General Public' for ADAN.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Global advocacy organization for the crypto industry, engaging with policymakers across jurisdictions. Directly comparable to ADAN at a global level and competing for influence with European institutions that ADAN targets.

TypeDirect peer
Description

Long-standing US blockchain industry trade association. Comparable advocacy and standards work to ADAN's federation role, with overlapping international membership from exchanges and infrastructure providers.

TypeRegional player
Description

Swiss industry association for blockchain and DLT firms. Performs a parallel federation role to ADAN but for the Swiss ecosystem, with overlapping members serving both French and Swiss markets.

TypeDirect peer
Description

UK-headquartered industry association for digital assets firms. Most directly comparable to ADAN given overlapping policy advocacy mandate in Europe; ADAN and GDF already partner on Travel Rule work and broader European coordination.

TypeDirect peer
Description

EU-focused crypto policy advocacy initiative working with European institutions on MiCA and adjacent frameworks. Closely comparable mission to ADAN at the EU rather than national level.

TypeDirect peer
Description

US-based crypto industry association advocating for favorable federal and state policy. Same core mission (advocacy, education, member coordination) as ADAN but in the US regulatory arena; competes for global member mindshare.

TypeDirect peer
Description

UK self-regulatory trade association for cryptoasset businesses. Closely comparable function (industry representation, regulatory engagement, code of conduct); co-author with ADAN and GDF on European Travel Rule reports.

TypeEmerging player
Description

Pan-European alliance formed around MiCA implementation discussions. Niche overlap with ADAN's European advocacy work, but with a narrower, single-regulation focus rather than a broad federation mandate.

TypeDirect peer
Description

US-based self-regulatory organization for digital asset trading markets, with an institutional membership model analogous to ADAN's. Comparable code-of-conduct and market integrity focus for crypto venues.

TypeRegional player
Description

German blockchain industry association advocating for the sector in Berlin and Brussels. Closest functional analogue to ADAN in the German-speaking market; competes and coordinates with ADAN on EU-level files.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights4 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers11 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Adan

Industry Association Servicesadan.eu

Adan is a French non-profit professional federation representing over 100 digital assets companies in France and Europe, providing regulatory advocacy, policy engagement, and industry coordination through membership subscriptions, working committees, and an annual IPSOS-partnered crypto adoption barometer.

What Adan does

Adan (Association pour le développement des actifs numériques) is a French professional federation representing digital assets companies in France and Europe. Founded in 2019 by eleven French industry players and publicly launched in January 2020, it acts as the unified industry voice for crypto, blockchain, and Web3 stakeholders, covering exchanges, fintechs, banks, DeFi protocols, stablecoin issuers, tokenization platforms, legal and advisory firms, and infrastructure providers. Its stated mission spans four pillars — growth (favoriser la transition), regulation (promouvoir un encadrement adapté), rayonnement (promoting the industry), and démocratisation (public education) — and it conducts direct policy engagement with French and European regulators including the Ministry of Economy, AMF, ACPR, Banque de France, DGT, ESMA, and EBA.

The federation's service offering centers on regulatory advocacy and policy influence rather than technology products. Adan files consultation responses, publishes position papers and press releases, contributes to legislative drafting (e.g., Decree No. 2026-420 on crypto-asset transfer and pledging), co-hosts the annual Finance & Blockchain conference with Bpifrance, CDC, and OCBF, and produces an annual IPSOS-partnered crypto adoption barometer now in its fifth consecutive year. Working committees (DeFi Committee, Tokenization Committee) provide structured venues for member coordination. By 2026 the federation had aggregated more than 100 member companies and integrated the Web3 Security League to add cybersecurity depth, while expanding into European coalitions alongside Nasdaq, Boerse Stuttgart, GDF, and CryptoUK.

Adan is a non-profit association governed by French law (association loi 1901), headquartered at 13 rue de la Bûcherie, Paris, with a small operational staff (1–10 employees) led by Executive Director Claire Balva (appointed September 1, 2025) and Secretary General Jules Dubourg. Revenue is generated through recurring annual membership subscriptions from member companies (pricing is not publicly disclosed), supplemented by event and partnership contributions. There are no funding rounds, parent companies, M&A activity, or external investors; control rests collectively with the member base. Named institutional members include Coinbase, Circle, Bybit, Société Générale Forge, Bpifrance, BPCE, Crédit Mutuel Arkéa, Moody's, Clifford Chance, Gide, KPMG, Kiln, Kaiko, and Zama, indicating a concentration of tier-one financial, legal, and infrastructure names.

Adan firmographics

Firmographics
Name
Adan
Legal name
ASSOCIATION POUR LE DEVELOPPEMENT DES ACTIFS NUMERIQUES
Website
https://adan.eu
Company type
Private
Founded year
2019
Operating status
Operating
Headcount range
1–10 employees
Short description
Adan is a French non-profit professional federation representing over 100 digital assets companies in France and Europe, providing regulatory advocacy, policy engagement, and industry coordination through membership subscriptions, working committees, and an annual IPSOS-partnered crypto adoption barometer.
Ownership category
akta.pro rank

Where Adan is headquartered

Location

Headquarters

HQ city
Paris
HQ country
France
HQ region
Europe

Offices2 records

Markets served

Adan business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Others

Revenue model

  1. Membership fees: ADAN generates revenue through membership fees from French and European digital asset companies. The association works on behalf of members to position French and European industries as global leaders in digital assets.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualMembership subscription

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Adan product offering

Product offering

Core offering

Adan is a professional industry federation for digital asset companies in France and Europe, providing regulatory advocacy, policy research, industry coordination, and member networking. It represents over 100 member companies, including exchanges, fintechs, banks, DeFi protocols, stablecoin issuers, and tokenization players, before French and European policymakers. Core deliverables include consultation responses, position papers, an annual crypto-adoption barometer produced with IPSOS, and events such as the Crypto & Finance Forum.

Product overview

Adan is a professional industry association (fédération d'entreprises) that represents and unites French and European companies in the digital assets sector (crypto, blockchain, Web3). Rather than offering traditional software products, Adan provides advocacy services, regulatory expertise and influence, annual industry research through its Barometer studies conducted in partnership with IPSOS, publications on policy and regulation, and networking opportunities for its members. The association does not develop or sell commercial software products but serves as a coordinating body working to promote the growth, regulation, influence, and democratization of digital assets in France and Europe.

Differentiator

Problem solved

Functional benefit

Products and services

  • Adan Membership Program Membership-based offering for French and European digital asset companies that provides regulatory advocacy and direct engagement with French and European policymakers, industry representation, networking, and access to expertise on emerging regulations such as MiCA, TFR, and the DLT Pilot Regime.
  • Annual Barometer on Crypto Adoption in France and Europe (in partnership with IPSOS) Annual industry study tracking crypto-asset adoption in France and Europe, conducted with IPSOS and presented at a public restitution event for industry professionals and policymakers.
  • Finance & Blockchain Conference (with Bpifrance, CDC, OCBF) Major annual conference for digital asset industry stakeholders held at the French Ministry of Economy and Finance, co-organized with Bpifrance, Caisse des Dépôts, and OCBF.
  • Crypto & Finance Forum and Web 3 Leaders Forum Flagship industry events organized by Adan for digital asset professionals, financial institutions, and policymakers, providing networking and policy dialogue platforms.

Companies that use Adan

Customer profile

Named customers11 records

Segments5 records

Ideal customer profiles4 records

Adan technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Adan partnerships and signals

Strategic signal

Partnerships

Eight partnerships are on record, tiered major, core and supporting.

  • Ligue pour la Sécurité du Web3 (LSW3)majorStrategic or Co-development Partner · 2 June 2026The Web3 Security League and its members joined ADAN to integrate sector-specific, technical, and regulatory expertise under one umbrella. This strengthens ADAN's ability to support stakeholders on cybersecurity matters.
  • Strategic Group on Innovation and Tokenization (BdF, DGT, AMF)coreStrategic or Co-development Partner · 28 April 2026ADAN joined the strategic group alongside Banque de France (BdF), Direction Générale du Trésor (DGT), and Autorité des Marchés Financiers (AMF) to contribute to innovation and tokenization policy discussions.
  • European Digital Capital Markets Coalition (DLTPR)coreStrategic or Co-development Partner · 21 April 2026ADAN collaborated with 38 partners across Europe in a joint call to action urging EU policymakers to address the DLT Pilot Regime regulatory framework. Coalition includes Nasdaq, Boerse Stuttgart, and 37 other European financial companies.
  • CryptoUK and Global Digital FinancecoreStrategic or Co-development Partner · 31 July 2025Joint publication of cross-sector report on Travel Rule implementation challenges and recommendations. ADAN, CryptoUK, and GDF collaborated on this European-wide initiative addressing CASP compliance.
  • Global Digital Finance (GDF)coreStrategic or Co-development Partner · 26 November 2024Strategic partnership announced November 26, 2024. ADAN and GDF collaborate on policy advocacy, research, and industry coordination for digital assets regulation in Europe.
  • Bpifrance, Caisse des Dépôts (CDC), OCBFmajorStrategic or Co-development Partner · 10 April 2024Partnership for Finance & Blockchain conference held at the Ministry of Economy and Finance. ADAN co-hosted this major industry event with these French public financial institutions.
  • IPSOSsupportingStrategic or Co-development PartnerPartnership for annual barometer studies on crypto adoption in France and Europe. IPSOS conducts surveys that form the basis of ADAN's annual industry study.
  • KPMG FrancesupportingStrategic or Co-development PartnerConducted the 2022 study 'Cryptocurrency in France: Industry Structure and Adoption by the General Public' for ADAN.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Adan competitors and assessment

Company assessment

Direct peers

  • Crypto Council for Innovation: Global advocacy organization for the crypto industry, engaging with policymakers across jurisdictions. Directly comparable to ADAN at a global level and competing for influence with European institutions that ADAN targets.
  • Chamber of Digital Commerce: Long-standing US blockchain industry trade association. Comparable advocacy and standards work to ADAN's federation role, with overlapping international membership from exchanges and infrastructure providers.
  • Global Digital Finance (GDF): UK-headquartered industry association for digital assets firms. Most directly comparable to ADAN given overlapping policy advocacy mandate in Europe; ADAN and GDF already partner on Travel Rule work and broader European coordination.
  • European Crypto Initiative: EU-focused crypto policy advocacy initiative working with European institutions on MiCA and adjacent frameworks. Closely comparable mission to ADAN at the EU rather than national level.
  • Blockchain Association: US-based crypto industry association advocating for favorable federal and state policy. Same core mission (advocacy, education, member coordination) as ADAN but in the US regulatory arena; competes for global member mindshare.
  • CryptoUK: UK self-regulatory trade association for cryptoasset businesses. Closely comparable function (industry representation, regulatory engagement, code of conduct); co-author with ADAN and GDF on European Travel Rule reports.
  • Association for Digital Asset Markets (ADAM): US-based self-regulatory organization for digital asset trading markets, with an institutional membership model analogous to ADAN's. Comparable code-of-conduct and market integrity focus for crypto venues.

Regional players

  • Swiss Blockchain Federation: Swiss industry association for blockchain and DLT firms. Performs a parallel federation role to ADAN but for the Swiss ecosystem, with overlapping members serving both French and Swiss markets.
  • Bundesverband Blockchain: German blockchain industry association advocating for the sector in Berlin and Brussels. Closest functional analogue to ADAN in the German-speaking market; competes and coordinates with ADAN on EU-level files.

Emerging players

  • MiCA Crypto Alliance: Pan-European alliance formed around MiCA implementation discussions. Niche overlap with ADAN's European advocacy work, but with a narrower, single-regulation focus rather than a broad federation mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights4 records

Customer concentration

Adan social profiles

Digital presence

Adan financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Adan leadership team

Management profile

Number of profiles

Profiles4 records

Adan funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Adan M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Adan

What does Adan do?

Adan is a professional industry federation for digital asset companies in France and Europe, providing regulatory advocacy, policy research, industry coordination, and member networking. It represents over 100 member companies, including exchanges, fintechs, banks, DeFi protocols, stablecoin issuers, and tokenization players, before French and European policymakers. Core deliverables include consultation responses, position papers, an annual crypto-adoption barometer produced with IPSOS, and events such as the Crypto & Finance Forum.

Is Adan a public or private company?

Adan is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Adan founded?

Adan was founded in 2019. It employs 1 to 10 people.

Where is Adan based?

Adan is headquartered in Paris, France, in the Europe region.

How does Adan make money?

One revenue line is on record: membership fees.

Who are Adan's main competitors?

Direct peers on record are Crypto Council for Innovation, Chamber of Digital Commerce, Global Digital Finance (GDF), European Crypto Initiative, Blockchain Association, CryptoUK and Association for Digital Asset Markets (ADAM). Regional players are Swiss Blockchain Federation and Bundesverband Blockchain. MiCA Crypto Alliance is listed as an emerging player.

Does Adan have an API?

No public API is recorded for Adan.

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01net.comCrypto-kidnappings : la France annonce une contre-attaque plus ambitieuseFrance's Interior Minister Laurent Nuñez announced a new, more ambitious counter-attack plan against violence targeting cryptocurrency holders, revealing 77 violent incidents (sequestration, kidnapping, extortion) recorded in the first half of 2026, up from 45 in 2025. The three-part plan involves enhanced intelligence sharing with foreign countries and domestic services, creation of an expert network including crypto industry professionals and state agents coordinated through ADAN, and improved inter-agency collaboration among French police, gendarmerie, and intelligence services to combat transnational criminal networks.BitcoinFrance Drops Self-Custody Reporting MandateThe French National Assembly removed a controversial article from an upcoming Fraud Law that would have required cryptocurrency holders to report self-custody wallets exceeding €5,000 to the French tax authority DGFIP. The measure was dropped following advocacy by Adan, a French cryptocurrency advocacy organization, which argued the requirement would be unworkable and risky given France accounts for nearly 40% of wrench attacks on crypto holders in Europe. Telegram CEO Pavel Durov commented that the removal protects users from potential data leaks, as high-profile figures including Binance's France head and Ledger co-founder David Balland have been targeted in such attacks.BenzingaFrench Senate Says 'Oui' To Social Media Stars Promoting Crypto On Social MediaThe Economics Committee of the French Senate has approved a plan that would allow social media influencers to advertise cryptocurrency products from licensed businesses such as Binance, Bitstamp, and eToro, representing a more permissive stance than the National Assembly's March vote to restrict such endorsements. The proposal would require crypto companies to be registered with or licensed by regulatory authorities and needs approval from both the Senate and National Assembly to become law. The industry lobbying group ADAN welcomed the committee's decision, noting it could help position France as a cryptocurrency hub.