The Crypto Council for Innovation (CCI), a crypto advocacy organization that starts conversations with governments and regulatory bodies on the advantages of crypto, has engaged two new specialists with backgrounds in American finance regulatory policy.
Linda Jeng, a former employee of the Federal Reserve Board and the Treasury Department, and Brett Quick, former deputy chief of staff for House Financial Services Committee chair Emeritus Spencer Bachus, will be joining the CCI to support its policy and regulatory affairs team, according to an announcement made by the CCI on Tuesday.
Jeng will be the council’s chief global regulatory officer and general counsel. She has previous experience working in a job similar to this at the Centre Consortium, which Circle and Coinbase created. Quick will join the CCI as North America’s head of government affairs.
Coinbase, Gemini, Fidelity Digital Assets, Paradigm, Ribbit Capital, Andreessen Horowitz, and Block are among the organizations that have shown their support for the CCI since its formation in April 2021.
In February, Sheila Warren, formerly the head of the blockchain and distributed ledger technologies at the World Economic Forum, started working as the chief executive officer of the CCI.
Since then, the CCI has revealed that a number of former U.S. Senator Cory Gardner was going to join the leadership team of the advocacy group and take a post there.
What is the Focus of the CCI?
According to the Crypto Council for Innovation (CCI), its current focus has been on supporting lawmakers on issues related to evading sanctions using cryptocurrencies, the Markets in Crypto-Assets, or MiCA, the law of the European Union, which aims to harmonize regulations for crypto among EU member states, and legislation introduced in the United States concerning digital assets.
Legislators in the House of Representatives and the Senate of the United States of America have each introduced their own version of a bill that addresses how crypto-related products should be managed in the country.
These bills cover topics ranging from stablecoins to the question of where the regulatory lines should be drawn between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
We applaud the bipartisan leadership of @SenToomey and @SenatorSinema.
With 1 in 5 Americans holding or using crypto, greater regulatory clarity will support the industry's next stage of growth.https://t.co/M71ZD8mqB9
— Crypto Council for Innovation (@crypto_council) July 26, 2022
“We applaud the bipartisan leadership of @SenToomey and @SenatorSinema.
With 1 in 5 Americans holding or using crypto, greater regulatory clarity will support the industry’s next stage of growth”
The Cryptocurrency Implementation Consortium (CCI) held a virtual event in July 2021 titled “The Word,” which focused on the adoption of Bitcoin (BTC).
Among the event’s speakers were Tesla CEO Elon Musk and Jack Dorsey. In the United States, there are several additional crypto policy advocate groups in addition to Coin Center. These organizations frequently weigh in on legislation and regulations pertaining to digital assets.