In addition to the addition of Gemini, other prominent industry leaders board Block (formerly Square), Coinbase, Paradigm, Fidelity Digital Assets, Andreessen Horowitz and Ribbit Capital.

Gemini – The latest addition to the CCI

A NY-based cryptocurrency exchange and custodian, Gemini is poised to join the Crypto Council for Innovation (CCI) – a global alliance of cryptocurrency industry leaders to champion the industry. according to the official Press release, CCI Executive Director Sheila Warren formed the association.

In welcoming Gemini into its membership, CCI stated:

“We look forward to raising awareness of digital assets and driving the evolution of financial systems to bring more choices, agencies and opportunities to individuals and communities around the world.”

Gemini’s head of policy and regulatory affairs, Ji Kim, stated that the exchange is “fully aligned” with CCI’s mission to ensure the continued growth of the cryptocurrency industry to improve the lives of many. As a member of the CCI, the executive said that Gemini will collaborate closely with global policymakers and regulators to help “build a bridge to the future of cryptocurrency.”

Cryptocurrency lobbying effort

For context, the lobby – Crypto Council for Innovation – was formed in April 2021 to support communication and raise awareness of cryptocurrency’s potential for policymakers, regulators and individuals across the world.

CCI was initially forced by Coinbase and Block and then joined other platforms like – Fidelity Digital Assets and cryptocurrency-focused investment firm Paradigm. The aim is to address the industry’s ability to promote financial inclusion and other challenges.

In addition to CC, other lobbying efforts dedicated to cryptocurrencies such as the Blockchain Association and Coin Center are also working to shape and encourage responsible regulation.

Gemini Expansion Push

The latest developments come just a month after Gemini received a green light from the Financial Sector Regulatory Authority (FINRA), which allowed Gemini Galactic Markets to operate an alternative trading system (ATS), enabling trading of digital asset securities. . These assets are subject to US securities laws, similar to traditional stocks and bonds, and can only be bought and sold through a licensed brokerage firm.

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Gemini recently announced the acquisition of trading technology startup Omniex. The report said the platform will be integrated with the publicly released Gemini Prime. It is designed to make trading perfect for institutional investors, offering access to multiple exchanges.

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