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Crypto Council for Innovation Welcomes New Regulatory Ghurus to the Team

New Faces in the Crypto Arena

The Crypto Council for Innovation (CCI) is making waves by adding two heavyweights from the financial regulatory scene to their roster. Linda Jeng, a former high-flyer at the Federal Reserve and Treasury Department, has been appointed as the council’s Chief Global Regulatory Officer. Her impressive background doesn’t stop there, as she formerly held a similar position at the Centre Consortium launched by the likes of Circle and Coinbase.

Meanwhile, Brett Quick is stepping into the role of Head of Government Affairs for North America. Quick isn’t just any contender; he previously served as the Deputy Chief of Staff for the renowned House Financial Services Committee chair Spencer Bachus. These two newcomers are set to give the CCI’s policy and regulatory affairs team a powerful jolt that could shape the future of crypto governance.

The CCI: Advocacy in Action

Established in April 2021, the CCI is not just any advocacy group; it’s a powerhouse with backing from top-tier names like Coinbase, Fidelity Digital Assets, and Andreessen Horowitz. Sheila Warren, the former head of blockchain tech at the World Economic Forum, assumed her role as CEO in February. Since then, she has recruited former U.S. Senator Cory Gardner to join the leadership team, turning the council into a veritable all-star lineup of crypto advocates.

Hot Topics on the CCI Agenda

So what’s keeping CCI awake at night? Their current focus includes pushing for legislation that addresses a range of hot-button issues:

  • Evading sanctions with cryptocurrencies
  • The EU’s Markets in Crypto-Assets (MiCA) regulation
  • Developments in U.S. legislation concerning digital assets

With Congress members from both the House and the Senate writing various bills pertaining to those oh-so-confusing crypto products, the stakes have never been higher. From stablecoins to identifying regulatory boundaries between the SEC and the CFTC, the quest for clarity is on!

A Call for Bipartisan support

The CCI has thrown its support behind bipartisan efforts from Senators like @SenToomey and @SenatorSinema, advocating for a cohesive regulatory environment. With approximately 20% of Americans engaging with cryptocurrencies, the need for clearer regulations is becoming pressing. It’s akin to trying to read a map while in a fog—clear guidelines will aid the industry’s next big leap forward.

Looking Ahead: Future Events and Discussions

In July 2021, CCI hosted a virtual extravaganza called “The ₿ Word,” spotlighting Bitcoin adoption with big names like Elon Musk and Jack Dorsey. This indicates their commitment to not just regulatory affairs but also to fostering an informed dialogue surrounding crypto adoption. As organizations like Coin Center continue to navigate the complex maze of crypto laws, expect CCI to remain at the forefront of these discussions.

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