Cryptocurrency exchange Coinbase, Fidelity Digital Assets, and Square Inc., have come together to form a new cryptocurrency alliance called the Crypto Council for Innovation (CCI) to lobby financial and political institutions worldwide.
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According to a press release, convened by Paradigm, the alliance will find areas of alignment and drive consensus "on the crypto industry’s policy priorities." Moreover, CCI will work on resources to help policymakers and intergovernmental bodies to understand the benefits of the cryptocurrency markets.
Gus Coldebella, Chief Policy Officer at Paradigm, says the alliance will not only share insights and analysis about crypto, but also "correct the misperceptions that inevitably accompany a transformative new technology."
Earlier in January, Grayscale Investments, a cryptocurrency asset manager, donated $1 million to a non-profit research and advocacy center for the blockchain called Coin Center. The firm said the center played a major role in advocating for issues that affect the crypto market.
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