In fact, Warren will lead the alliance of crypto-friendly corporations. Which aimed at supporting lawmakers on crypto and blockchain policy, according to a Monday release from the CCI. Moreover, Fred Ehrsam, a CCI board member and co-founder of Coinbase, praised the WEF executive’s “in-depth knowledge of crypto”. As well as her expertise in working with governments around the world.
“The crypto ecosystem is perfectly positioned to promote large-scale economic growth, empower communities. As well as improve the lives of people all around the world,” Warren continued. “I’m excited to lead CCI in realising crypto’s revolutionary potential through education and advocating for a responsible, forward-thinking global policy climate. That ensures crypto’s benefits are available to everyone, regardless of their current economic privilege,” she says.
Coinbase, Fidelity Digital Assets, Paradigm, Ribbit Capital, Andreessen Horowitz, and Block — formerly Square — are also supporters of the CCI. Which was created in April 2021. The group organised “The Word” in July, a virtual event that looked at how institutions may use Bitcoin (BTC) and blockchain technologies.
Besides, Coinbase, one of the most well-known cryptocurrency exchanges, appears to have increased its lobbying efforts in the United States. In support of “reasonable regulation”. Ripple Labs spent $690,000 on lobbying in 2020. In response to the Securities and Exchange Commission’s categorization of XRP coins as securities, with no tangible outcomes.