Gemini Joins Crypto Innovation Council

The Council on Crypto Innovation (CCI) announced that Gemini will be joining its list of crypto-friendly companies that aim to support lawmakers in their regulation.

As of this week, Gemini has joined Coinbase, Block, Fidelity Digital Assets, Paradigm and others, which, according to CEO Sheila Warren, will "help accelerate [the organization's] growth," the CCI said in a statement on Thursday. and global leadership". . Ji Kim, head of policy and regulatory affairs at Gemini, said the exchange will work with lawmakers and regulators to help further the adoption of cryptocurrencies globally.

The CCI was established in April 2021 by Coinbase and Square (now Block) to start a dialogue with governments and regulators about the benefits of cryptocurrencies. The organization hosted “The ₿ Word,” a virtual event on Bitcoin adoption in July 2021, featuring speeches by Jack Dorsey, Tesla CEO Elon Musk, and others. Sheila Warren, who previously served as the head of blockchain and distributed ledger technology at the World Economic Forum, became CCI CEO in February this year.

Delighted to have Gemini joining the Crypto Innovation Council.

welcome!

— Sheila Warren (@sheila_warren) February 24, 2022

In addition to its work with the CCI, Coinbase has become one of the largest spenders in the U.S. lobbying Congress for crypto-friendly legislation. According to reports, from 2020 to 2021, the exchange’s lobbying expenditure increased by more than 460% from $230,000 to about $1.3 million.

Prior to joining the CCI, Gemini did not report any spending on lobbying in the United States in 2020. However, public records from the U.S. Senate show that the exchange signed a $120,000 contract with Sternhell Group in the third and fourth quarters of 2021. . Alex Sternhell, a former senior policy adviser to the Senate Banking Committee, is the principal of the Washington, D.C.-based PR firm.

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