Crypto Council for Innovation Profile
Crypto Council for Innovation

@crypto_council

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A global alliance of industry leaders dedicated to unlocking the promise of crypto.

Joined March 2021
Don't wanna be here? Send us removal request.
@crypto_council
Crypto Council for Innovation
3 years
Crypto is going to change everything. But it's early days, and nothing is promised. That's why we're here. Meet the Crypto Council for Innovation (CCI), with @paradigm , @coinbase , @square , and Fidelity @DigitalAssets . Here's what we'll be doing...(thread)
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@crypto_council
Crypto Council for Innovation
2 years
We filed an amicus brief in the SEC lawsuit against Ripple. Why?
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@crypto_council
Crypto Council for Innovation
1 year
1/ The @SECGov failure to respond to @coinbase ’s petition for rulemaking is causing tangible harm to a major American industry. A 🧵 on CCI’s recently filed amicus brief.
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@crypto_council
Crypto Council for Innovation
3 years
“Our findings are unambiguous.” Former CIA Acting and Deputy Director @MichaelJMorell just published his independent report, whose ultimate findings debunk the common misperception that the Bitcoin market is rife with illicit activity. Here are the report’s highlights...
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@crypto_council
Crypto Council for Innovation
3 years
We're deeply concerned w/the infrastructure bill's problematic #crypto language. We want to thank all who took part in this legislative process and look forward to working w/members of Congress to clarify the provision’s broker definition.
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@crypto_council
Crypto Council for Innovation
2 years
Today, the EU Parliament voted in favor of measures that raise significant concerns for both individuals and the crypto ecosystem. If ultimately approved, these new measures will create fundamental issues for privacy, innovation, and access. Full statement below.
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@crypto_council
Crypto Council for Innovation
3 years
We'll provide useful information - and dispel misinformation - for policymakers, regulators, and citizens around the world. We all want the same thing from technology: to create better lives for human beings. The road to making that happen is paved with high quality information.
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@crypto_council
Crypto Council for Innovation
2 years
President Biden has signed the EO recognizing the tremendous potential of crypto. It reflects the importance of crypto to the American people. We share the President’s commitment to responsible financial innovation and a more fair, inclusive economy. Full statement below.
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@crypto_council
Crypto Council for Innovation
3 years
This potential, like crypto itself, transcends borders. There's no state too rich, region too poor, village too remote to benefit from crypto. That is why our scope is global. Wherever you are, our doors are open. Join us to unlock the promise of crypto!
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@crypto_council
Crypto Council for Innovation
3 years
CCI focuses its efforts on the three areas where crypto has the greatest potential to transform lives and livelihoods for the better, by creating: (1) stronger economic growth and more jobs, (2) a more inclusive, accessible financial system, and (3) enhanced privacy and security.
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@crypto_council
Crypto Council for Innovation
3 years
On Wednesday, The ₿ Word goes live with @elonmusk , @jack , @CathieDWood , and others. Join the biggest #bitcoin event of the summer.
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@crypto_council
Crypto Council for Innovation
2 years
We’re honored to announce @sheila_warren as the new CEO of CCI. Sheila will lead us in demonstrating and communicating the transformational promise of crypto to policymakers, regulators, and people around the globe. #FutureofInnovation
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@crypto_council
Crypto Council for Innovation
3 years
The Senate’s decision not to pass a promising, bipartisan amendment put forth by @SenLummis , @SenToomey , @SenatorSinema , @MarkWarner , and @senrobportman is a disappointing outcome for all sides. 1/4
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@crypto_council
Crypto Council for Innovation
3 years
Crypto is infrastructure.
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@crypto_council
Crypto Council for Innovation
2 years
New poll out today: 1 in 7 voters hold #crypto - and say they are ready to vote for pro-crypto candidates. Could crypto play an important role in the upcoming midterm elections? Let's dive in ⬇️
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@crypto_council
Crypto Council for Innovation
2 years
Entities across the government have started weighing in on Biden's Executive Order. 🧵Here's a thread of official statements (we'll update as they're released):
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@crypto_council
Crypto Council for Innovation
9 months
1/ The @SECgov has taken the novel & flawed interpretation that nearly all digital assets sold on the secondary market are “investment contracts” under federal securities laws, even though those transactions involve no ongoing contractual obligations.
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@crypto_council
Crypto Council for Innovation
2 years
2/ The regulation-by enforcement approach departs from the principle of meaningful public participation in agency decision-making.
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@crypto_council
Crypto Council for Innovation
2 years
1/ The court's decision could have industry wide effects.
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@crypto_council
Crypto Council for Innovation
2 years
8/ Need more? We got you:
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@crypto_council
Crypto Council for Innovation
1 year
“Japan may be the first to welcome spring” - a must reading this morning on how Japan is putting crypto into its economic strategy.
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@crypto_council
Crypto Council for Innovation
2 years
6/ Without clear, consistent guidance and the ability to work within a regulatory framework that makes compliance possible, crypto, and the growing industry underlying it, will not achieve its full potential in the US.
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@crypto_council
Crypto Council for Innovation
2 years
3/ It deprives market participants of fair notice as to what conduct is permissible.
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@crypto_council
Crypto Council for Innovation
2 years
4/ It risks curtailing innovation and investment in this cutting-edge sector of the economy.
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@crypto_council
Crypto Council for Innovation
2 years
5/ As the coalition of industry leaders, we think these issues are profoundly important not only for digital asset holders, but for the developers, operators, and investors building the crypto ecosystem.
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@crypto_council
Crypto Council for Innovation
2 years
7/ As we have said before, context matters and should inform the Court’s analysis of the legal questions presented in this case.
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@crypto_council
Crypto Council for Innovation
2 years
We applaud the Biden administration for recognizing the tremendous potential of crypto in the executive order issued today. We're hopeful that the agency review leads to much-needed regulatory clarity for the industry and the American public.
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@crypto_council
Crypto Council for Innovation
10 months
1/ What does the @ripple news mean? @sheila_warren thinks it indicates a thawing of the US regulatory permafrost.
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@crypto_council
Crypto Council for Innovation
3 years
Crypto represents the frontier of financial services and technology. The amendment to the infrastructure bill offered by @MarkWarner @senrobportman and @SenatorSinema imperil the nation’s long standing leadership in this area.
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@crypto_council
Crypto Council for Innovation
2 years
Big news: We're excited to welcome @SenCoryGardner , @HeyAmandaRusso , @ann_dizon , @AlgoSeanLee , & @katherineykwu to the CCI team. 🚀 This group of experienced, global leaders will be key in advancing smart #crypto policy around the world. More:
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@crypto_council
Crypto Council for Innovation
2 years
We applaud the bipartisan leadership of @SenToomey and @SenatorSinema . With 1 in 5 Americans holding or using crypto, greater regulatory clarity will support the industry's next stage of growth.
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@crypto_council
Crypto Council for Innovation
2 years
1/ We filed a comment with the US Department of Labor asking them to rescind Release No. 2022-01. We are concerned it precludes 401(k) administrators from including crypto options in their plans based on a factually and legally flawed analysis. 🧵A thread with highlights:
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@crypto_council
Crypto Council for Innovation
3 years
We will work closely with House members to fix the bill so the United States can maintain its role as the global technology leader. 4/4
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@crypto_council
Crypto Council for Innovation
10 months
1/ Today, @SenJackReed , @SenatorRounds @SenatorWarner and @SenatorRomney intro  a bill to apply AML and sanctions obligations to “backers” and “facilitators” in the DeFi space, along with new and onerous requirements for crypto ATMs.
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@crypto_council
Crypto Council for Innovation
2 years
We thank @PatrickMchenry , @RepTimRyan , and their colleagues for introducing the Keep Innovation in America Act, which will clarify digital assets language within the infrastructure bill. This is a welcomed first step to ensure America as a global and innovative leader in #crypto .
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@crypto_council
Crypto Council for Innovation
2 years
The crypto team here at CCI are thrilled to add a progressive industry innovator and game changer to our elite group of crypto leaders. Welcome @Gemini !
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@crypto_council
Crypto Council for Innovation
3 years
Today, we are pleased to announce “The ₿ Word,” a CCI initiative co-hosted by @ARKInvest , @Square , and @paradigm . With input from the top leaders in the industry, this event will launch on July 21 to offer insights and real-world experiences on #bitcoin 's various benefits.
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@crypto_council
Crypto Council for Innovation
3 years
We join concerned Americans and industry allies in thanking @RonWyden , @SenLummis , and @SenToomey for their bipartisan amendment to the infrastructure bill currently before the U.S. Senate.
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@crypto_council
Crypto Council for Innovation
3 years
The bill text now going to the House lacks the precise, technically accurate definitions of crypto that will help both industry and policymakers reach our mutual goals of growing the economy, broadening access to new financial tools, & increasing America’s ability to compete. 3/4
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@crypto_council
Crypto Council for Innovation
3 years
Two main conclusions: 1) Bitcoin’s use in illicit activity is much lower than previously believed. It recently found to be less than 1% of crypto activity. 2) Bitcoin and the blockchain ledger are underutilized and highly effective tools for crime fighting and intel gathering.
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@crypto_council
Crypto Council for Innovation
2 years
1/ #crypto policy making the news today The Crypto Council for Innovation commends the bipartisan leadership from @SenLummis and @SenGillibrand in this complicated and nuanced space
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@crypto_council
Crypto Council for Innovation
1 year
1/ The Honk Kong Securities and Futures Commission has just released the guidelines for Virtual Asset Trading Platform Operators, set to take effect on June 1. Let's dive into the key takeaways 🧵
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@crypto_council
Crypto Council for Innovation
3 years
@jack Our BlockClock starts now...
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@crypto_council
Crypto Council for Innovation
3 years
These findings are a game changer for crypto and national security. Morell’s report concludes that blockchain ledgers and Bitcoin itself are more likely to be crime fighters, not crime creators. This is a complete reversal of the myth that crypto is “in the wrong hands.”
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@crypto_council
Crypto Council for Innovation
3 years
@MarkWarner @senrobportman @SenatorSinema @RonWyden @SenLummis @SenToomey Tens of millions of Americans are already part of the crypto economy, and growing. If you’re one of them, make your voice heard today and call your senators. Here’s an easy way to do so ⬇️
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@crypto_council
Crypto Council for Innovation
3 years
#TheBWord launches LIVE at noon ET - don't miss out on the biggest #bitcoin event of the summer, featuring @elonmusk , @jack , @CathieDWood , @nic__carter , @APompliano , and many more. Tune in here for full coverage:
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@crypto_council
Crypto Council for Innovation
3 years
@MarkWarner @senrobportman @SenatorSinema The amendment offered by @RonWyden @SenLummis and @SenToomey represents a meaningful improvement to the bill, and helps the U.S. maintain leadership while creating sensible, clear tax guidance to fund desperately needed roads, highways, and bridges.
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@crypto_council
Crypto Council for Innovation
3 years
The Senate's procedural constraints prevented the body from adopting a bipartisan proposal for crypto as part of the infrastructure bill, a proposal the Treasury Department also endorsed. 2/4
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@crypto_council
Crypto Council for Innovation
1 year
2/ Regulation-by-enforcement thwarts meaningful participation in agency decision-making, deprives market participants of fair notice as to what is permissible, and chills innovation and investment in digital assets.
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@crypto_council
Crypto Council for Innovation
1 year
8/ Developers, the backbone of the digital asset economy, are responding to these calls and seeking much needed clarity. Since 2018, the share of global blockchain developers in the US has dropped from 40% to 29%.
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@crypto_council
Crypto Council for Innovation
7 months
1/ @SenWarren and @RogerMarshallMD penned an op-ed about crypto and terrorist financing. We agree that terrorism and funding of terrorism need to be stopped. But the rest of the oped, as we flagged to the @WSJ , is riddled with factual inaccuracies.
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@crypto_council
Crypto Council for Innovation
1 year
10/ The SEC is trying to fit a square peg into a round-hole. This treatment leads to innumerable problems. In short, there is no viable path to fit blockchain network tokens into existing securities classifications.
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@crypto_council
Crypto Council for Innovation
2 years
We've filed comments w/FinCEN today outlining ways to “streamline, modernize, and update the AML/CFT regime of the US”
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@crypto_council
Crypto Council for Innovation
8 months
At #Mainnet2023 Senator @gillibrandny and @sheila_warren discuss market structure, national affairs, stablecoins, what's next for the crypto industry, and more. Video dropping tmw.
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@crypto_council
Crypto Council for Innovation
1 year
. @SECGov released proposed regulations on Registered Investment Advisors and custodians, referred to as the Safeguarding Rule. Some initial comments from our reading of this 400+ page behemoth.
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@crypto_council
Crypto Council for Innovation
11 months
"The struggle we are seeing to bring semiconductor manufacturing back to the US is foreshadowing our digital future if crypto is pushed offshore," said @sheila_warren @coinbase has more on potential competitiveness and national security risks ahead:
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@crypto_council
Crypto Council for Innovation
3 years
As @MichaelJMorell says: “I hope that this study will help to advance a healthy, transparent, and fact-based dialogue between innovators and policymakers to help ensure that we maintain national security without hindering the adoption of potentially revolutionary technologies.”
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@crypto_council
Crypto Council for Innovation
1 year
3/ Unless companies can rely on clear, consistent guidance — and work within a regulatory framework that makes compliance possible — digital assets will not achieve their full potential in the US.
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@crypto_council
Crypto Council for Innovation
1 year
9/ Simply put, the limited guidance received from the SEC thus far has been vague and inconsistent.
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@crypto_council
Crypto Council for Innovation
1 year
1/ Crypto is global, and nobody is waiting around for the US to land the plane. Here, our roundup of global activity (🧵):
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@crypto_council
Crypto Council for Innovation
1 year
7/ Looking abroad, we see no one waiting for the US - in fact, jurisdictions like the EU and UK, among others, are actively courting the next wave of tech leadership by providing regulatory frameworks that seek to foster innovation while protecting market participants.
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@crypto_council
Crypto Council for Innovation
1 year
5/ Far from protecting investors, it exposes them to increased risk by pushing good and responsible actors out of the market, creating a vacuum to be filled by those least concerned with compliance.
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@crypto_council
Crypto Council for Innovation
1 year
14/ We think the context surrounding the SEC’s approach to digital assets should inform this Court’s analysis of the legal questions presented in this case.
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@crypto_council
Crypto Council for Innovation
1 year
4/ The failure to provide a clear path opens the door for bad actors & incorrectly paints the industry with one broad brush stroke. It also undermines the SEC’s mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
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@crypto_council
Crypto Council for Innovation
1 year
6/ As a result, the US risks losing influence over defining the standards, not to mention the national security implications if the next wave of global financial infrastructure evolves outside US borders.
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@crypto_council
Crypto Council for Innovation
2 years
"2021 was the year of the cryptocurrency. More Americans than ever are taking notice of this transformational technology." - Rep. @PatrickMcHenry
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@crypto_council
Crypto Council for Innovation
2 years
1/ The @WHOSTP released its climate and energy paper following the @POTUS executive order on #crypto
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@crypto_council
Crypto Council for Innovation
1 year
11/ The proper approach is for the SEC to initiate rulemaking procedures that will provide fair notice, an opportunity to be heard, and will allow for judicial review in due course.
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@crypto_council
Crypto Council for Innovation
3 years
A cornerstone of America’s successful leadership in global technology has been that it doesn’t pick sides. It rows the boat, but doesn’t steer. The Warner-Portman-Sinema amendment ignores this history.
@SenToomey
Pat Toomey (US Sen. ret.)
3 years
While I appreciate that my colleagues and the White House have acknowledged their original crypto tax had flaws, the Warner-Portman amendment picks winners and losers based on the type of technology employed. That’s horrible for innovation.
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@crypto_council
Crypto Council for Innovation
2 years
1/ Today, @GavinNewsom signed a Blockchain Executive Order that aims to promote responsible #web3 innovation. The approach looks collaborative, holistic and industry-friendly.
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@crypto_council
Crypto Council for Innovation
1 year
12/ Finally, the SEC’s failure to respond to Coinbase’s petition for rulemaking is part of a pattern that has stymied judicial review. The SEC neglected to act on all 5 petitions for rulemaking received seeking clarity on the Securities & Exchange Act’s application to crypto.
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@crypto_council
Crypto Council for Innovation
7 months
Reports this week about multi-million dollar Hamas crypto financing may have left a faulty impression. @SignCurve to @btschiller via @CoinDesk article titled: Is Hamas Using Crypto to Attack Israel? We Don’t Know
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@crypto_council
Crypto Council for Innovation
4 months
Welcome to CCI, @circle !
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@crypto_council
Crypto Council for Innovation
1 year
13/ Seeing the bigger picture is critical: regulatory clarity is necessary to allow the US to recapture its position, foster innovation, and become an attractive destination for both new and established developers.
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@crypto_council
Crypto Council for Innovation
3 years
The link to the full report is live on our website here:
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@crypto_council
Crypto Council for Innovation
2 years
👋 Looking to engage with #crypto policy and regulation? Here's your weekly thread of how to get involved:
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@crypto_council
Crypto Council for Innovation
1 year
. @LindaJeng1 : We are at an inflection point. What kind of digital economy will serve us the best? This is what Americans are asking. This is what the next Congress will look to address. Thanks to @WCOINetwork and fellow panelist @KMSmithDC for an engaging evening in DC.
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@crypto_council
Crypto Council for Innovation
8 months
Thanks to our National Security experts @SignCurve , @xethalis , @janelledumalaon , @JCZarate1 and Sigal Mandelker for joining us at #Mainnet2023 @MessariCrypto
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@crypto_council
Crypto Council for Innovation
3 years
The biggest #bitcoin event of the summer with @elonmusk , @jack , @CathieDWood , @nic__carter , and others. Make sure to have Wednesday circled on your calendar.
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@crypto_council
Crypto Council for Innovation
6 months
CCI is kicking off DcFintech Week with our oversubscribed Regulator Bootcamp: a hands-on experience with how the tech works. Thank you to those who travelled internationally to join us this morning at Georgetown and to all our volunteers!
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@crypto_council
Crypto Council for Innovation
11 months
1/ New York State’s legislative session just adjourned and it’s important to flag some progress for crypto at the state level. 🧵
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@crypto_council
Crypto Council for Innovation
8 months
When @twobitidiot photobombs at #Mainnet2023 Thanks to @katherineykwu , @clarisse_hagege , @ddisparte , @RebeccaRettig1 and @SethHertlein for sharing their thoughts on our MICA panel.
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@crypto_council
Crypto Council for Innovation
1 year
1/ @SECGov Chairman Gary Gensler has not testified before the Financial Cmte @FSCDems in 18 months! Thankfully, that clock resets tomorrow, and we expect a lot of questions about the commission’s approach to digital assets. Watch tomorrow’s hearing here:
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@crypto_council
Crypto Council for Innovation
1 year
1/ It's been quite the year - and the @a16zcrypto State of Crypto Report has some important trends to flag - our 🧵on some of the key takeaways:
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@crypto_council
Crypto Council for Innovation
8 months
1/ As leaders gather in NY for Climate Week, we want to flag an important part of the renewable energy puzzle - Bitcoin mining. Here’s why 🧵
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@crypto_council
Crypto Council for Innovation
9 months
3/ Therefore, we filed a joint amicus brief today in support of @Coinbase ’s motion for judgment on the pleadings in partnership with @BlockchainAssn and w/support from @ProgressChamber @CTATech .
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@crypto_council
Crypto Council for Innovation
2 years
1/‘A diverse workplace is a powerful workplace’ We discussed women in #finance and the path forward with @circlepay @StellarOrg
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@crypto_council
Crypto Council for Innovation
1 year
Chair Gensler said ‘non-compliance’ is the industry’s ‘business model’. But, there are companies that have repeatedly asked for clarity and were met with silence:
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@crypto_council
Crypto Council for Innovation
2 years
. @bankofengland governor - “Whatever happens over the next few months to crypto assets, I expect #crypto technology and finance to continue.” Cunliffe said. “It has the possibility of huge efficiencies and changes in market structure via @business 👇
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@crypto_council
Crypto Council for Innovation
1 year
1/ Crypto is global, and nobody is waiting around for the US to land the plane. Here, our roundup 📷of global activity (trying again after some glitchy twitter activity)
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@crypto_council
Crypto Council for Innovation
3 years
"50-60% of #bitcoin 's total hash rate was based in China and has now left... This means the reliance on coal in China has been eliminated, while the grids in the U.S. are much more renewable." @nic__carter debunking " #bitcoin wastes energy." #TheBWord
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@crypto_council
Crypto Council for Innovation
3 years
Cancel any previous plans you had on Wednesday and watch @elonmusk and @jack talk live at The ₿ Word about #bitcoin . Register for the event here:
@elonmusk
Elon Musk
3 years
@BitcoinMagazine @jack @CathieDWood During this talk, we will sing a cover of The Final Countdown by Europe
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@crypto_council
Crypto Council for Innovation
1 year
1/ 👋 It’s Friday. Time for your global brief of policy activity.
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@crypto_council
Crypto Council for Innovation
2 years
. @sheila_warren : The good news is that policymakers we’ve met know the bad actors in the headlines are not the industry as a whole. In DC, there is an openness to learning and an understanding that this industry moves fast - there is constantly something coming. @Kr00ney @Mclader
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@crypto_council
Crypto Council for Innovation
3 years
Seems like CCI member @coinbase is having a busy Wednesday. Checking in on our friends there...
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@crypto_council
Crypto Council for Innovation
3 years
"What inspires me the most is the community driving it. It reminds me of the early Internet." @jack on #bitcoin at #TheBWord
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@crypto_council
Crypto Council for Innovation
7 months
1/ This year, as regulators such as the @FinStbBoard , @IOSCOPress , and @EU_Commission look to adopt policy recommendations on DeFi, we are trying to help. Here’s how🧵
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