Gemini, a cryptocurrency exchange, storage and trading platform which has more than 50 cryptocurrency options and also one of the leading platforms for cryptocurrency exchange has joined the Crypto Council of innovation, aka CCI.
The Crypto Council for Innovation (CCI), a trade association created in the first quarter of 2021 to help make a crypto-friendly environment across the globe. On Thursday, i.e. 24th of February, 2022 The CCI came forward with the news that, Gemini will be joining other cryptocurrency trading and exchange p like Coinbase, Paradigm, Fidelity Digital Assets, Block p0p others with the purpose of “help accelerate [the group’s] growth and global leadership,” as stated by CEO Sheila Warren.Sheila Warren, former member of the World Economic Forum, became a part of the CCI as CEO in this month. The CCI’s announced that they credit Warren for bringing Gemini into the association.
Gemini News: Impact of Such Alliance
The status of Cryptocurrency being very volatile in terms of asset and currency to trade makes it hard for the increase of usage throughout the world and with this view in mind the regulatory bodies will work hereafter. Ji Kim the Head of policy and regulatory affairs will work with the regulators and lawmakers for the ease of adoption of crypto throughout the World. Founded in April of 2021 by Coinbase and Square — known as Block now, the CCI wanted to discuss with governments and regulatory agencies about the positive effects of introducing crypto into the trade market and other benefits if introduced in other platforms.
The association held a virtual event in July 2021 on Bitcoin (BTC) adoption featuring speakers which included Tesla CEO Elon Musk and Jack Dorsey. In addition, Coinbase has emerged as one of the biggest contributors in the United States with its efforts with the CCI rooting for crypto-friendly laws in Congress.