{"id":40278,"date":"2021-04-06T18:02:04","date_gmt":"2021-04-06T15:02:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40278"},"modified":"2025-08-30T13:25:22","modified_gmt":"2025-08-30T10:25:22","slug":"paradigm-fidelity-coinbase-and-square-join-new-crypto-alliance","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/paradigm-fidelity-coinbase-and-square-join-new-crypto-alliance\/","title":{"rendered":"Paradigm, Fidelity, Coinbase and Square join new crypto alliance"},"content":{"rendered":"<p>Venture firm Paradigm has formed the Crypto Council for Innovation (CCI), aimed at lobbying the interests of the cryptocurrency industry. This is stated in a<a href=\"https:\/\/www.businesswire.com\/news\/home\/20210406005392\/en\/The-Crypto-Council-for-Innovation-Launches-With-Industry-Leading-Member-Organizations\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> \u043f\u0440\u0435\u0441\u0441-\u0440\u0435\u043b\u0438\u0437\u0435<\/a> of the alliance.<\/p>\n<p><!--more--><\/p>\n<p>The CCI includes Fidelity Investments, the bitcoin exchange Coinbase, and Jack Dorsey\u2019s payments company Square.<\/p>\n<p>The alliance&#8217;s task is to demonstrate the prospects of digital assets and help authorities understand their advantages. Members of the CCI intend to work with countries on developing a regulatory framework.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBy sharing knowledge and experience about the global crypto ecosystem, dispelling misconceptions and misinformation, the CCI supports governments and public institutions worldwide in their efforts to create and promote responsible regulation of cryptocurrencies,\u201d says on the<a href=\"https:\/\/cryptoforinnovation.org\/#about\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> site<\/a> of the alliance.<\/p>\n<\/blockquote>\n<p>In March 2021, SEC Commissioner Hester Peirce urged officials<a href=\"https:\/\/forklog.com\/en\/news\/sec-commissioner-hester-peirce-urges-policymakers-to-consider-the-benefits-of-cryptocurrencies\"> to study the advantages<\/a> of digital assets, rather than fixating on their illegal use.<\/p>\n<p>Earlier, former CEO of Goldman Sachs&#8217; investment bank Lloyd Blankfein said there is a need<a href=\"https:\/\/forklog.com\/en\/news\/ex-goldman-sachs-ceo-calls-for-tougher-regulation-of-bitcoin\"> to strengthen<\/a> regulation of Bitcoin.<\/p>\n<p>Back in January, Christine Lagarde, head of the European Central Bank, called Bitcoin<a href=\"https:\/\/forklog.com\/en\/news\/ecb-chief-bitcoin-is-speculative-and-requires-regulation\"> a speculative asset<\/a> and urged countries to cooperate to create rules at a global level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venture firm Paradigm formed the Crypto Council for Innovation (CCI), aimed at lobbying the interests of the cryptocurrency industry.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1248,1608,36,1534],"class_list":["post-40278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-fidelity-investments","tag-paradigm","tag-regulation","tag-square"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=40278"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40278\/revisions"}],"predecessor-version":[{"id":40279,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40278\/revisions\/40279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=40278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=40278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=40278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}