Wed, 07 April 2021 | crypto fintech
Fidelity Digital Assets has joined Square, Coinbase, Paradigm and others to form the Crypto Council for Innovation (CCI). The goal of the new alliance of crypto industry leaders is to support governments and institutions worldwide by informing and encouraging responsible crypto-related public policy, and educate the public about crypto’s potential to create positive change.
"We know that crypto holds immense promise for spurring economic growth and creating jobs, improving financial inclusion and access, and enhancing privacy and security -- and that promise transcends borders. That is why we will help policymakers, regulators, and individuals anywhere in the world to understand the benefits of crypto," said Gus Coldebella, chief policy officer at Paradigm and one of the organizers of CCI. "This work will require sharing insights and analysis about crypto, while correcting the misperceptions that inevitably accompany a transformative new technology. By educating leaders about crypto, we can help empower them to participate in the crypto ecosystem for the benefit of their citizens, communities, and families."
CCI will find areas of alignment and drive consensus on the crypto industry’s policy priorities, and it will convene the industry’s top leaders to educate policymakers and the global public on issues relevant to those priorities. In addition, CCI will develop resources that enable crypto industry participants, policymakers, intergovernmental bodies, and the public to further their understanding of crypto’s benefits for storing, creating, and transferring value worldwide and giving people greater control of their digital lives.
Paradigm, the organizer of the new alliance, was founded in 2018 and is a crypto-focused investment firm based in San Francisco. The firm invests in crypto assets and businesses from the earliest stages of idea formation through maturity.
Source: Crypto Council for Innovation