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TMCNet:  The Crypto Council for Innovation Launches With Industry-Leading Member Organizations

[April 06, 2021]

The Crypto Council for Innovation Launches With Industry-Leading Member Organizations

The Crypto Council for Innovation (CCI (News - Alert)), along with its member organizations, launched today with a mission to unlock the transformational promise of crypto. CCI is a new alliance of crypto industry leaders that will support governments and institutions worldwide by informing and encouraging responsible crypto-related public policy, and will educate the public about crypto's potential to create positive change. Convened by Paradigm, member organizations include Coinbase, Fidelity Digital Assets, and Square Inc.

"We know that crypto holds immense promise for spurring economic growth and creating jobs, improving financial inclusion and access, and enhancing privacy and security -- and that promise transcends borders. That is why we will help policymakers, regulators, and individuals anywhere in the world to understand the benefits of crypto," said Gus Coldebella, chief policy officer at Paradigm and one of the organizers of CCI. "This work will require sharing insights and analysis about crypto, while correcting the misperceptions that inevitably accompany a transformative new technology. By educating leaders about crypto, we can help empower them to participate in the crypto ecosystem for the benefit of their citizens, communities, and families."

CCI will find areas of alignment and drve consensus on the crypto industry's policy priorities, and it will convene the industry's top leaders to educate policymakers and the global public on issues relevant to those priorities. In addition, CCI will develop resources that enable crypto industry participants, policymakers, intergovernmental bodies, and the public to further their understanding of crypto's benefits for storing, creating, and transferring value worldwide and giving people greater control of their digital lives.

About the Crypto Council for Innovation (CCI): CCI is an alliance of crypto industry leaders convened by Paradigm, the crypto-focused investment firm. CCI's mission is to demonstrate the transformational promise of crypto globally and to help policymakers, regulators, and people around the world understand crypto's ability to spur economic growth and create jobs, improve financial inclusion and access, and enhance personal privacy and national security. Its members include Paradigm, Coinbase, Fidelity Digital Assets, and Square Inc. For more information, visit: cryptoforinnovation.org.

About Paradigm: Paradigm was founded in 2018 and is a leading crypto-focused investment firm based in San Francisco. The firm invests in crypto assets and businesses from the earliest stages of idea formation through maturity. Paradigm is driven by the conviction that crypto has the potential to bring greater freedom, autonomy, and economic benefit to people around the world, and supports that belief through investments in founders and projects that move the crypto ecosystem forward. For more information, visit paradigm.xyz.

About Coinbase: Coinbase is building the cryptoeconomy - a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, we offer a trusted and easy-to-use platform for accessing the broader cryptoeconomy.

About Fidelity Digital Assets: Fidelity Digital Assets offers a full-service enterprise-grade platform for securing, trading and supporting digital assets. A business of Fidelity Investments, one of the world's largest and most diversified financial services providers with more than $10.2 trillion in client assets under administration as of February 28, 2021, Fidelity Digital Assets combines the operational and technical capabilities of the broader Fidelity organization with dedicated blockchain expertise to deliver a completely new offering for institutional investors. Learn more at http://fidelitydigitalassets.com.

About Square, Inc.: Square, Inc. (NYSE: SQ) builds tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in-person, manage their business, and access financing. And individuals use Cash App to spend, send, store, and invest money. Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain and the UK.


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