Following the introduction last February of the Crypto Market Integrity Coalition (CMIC) with 17 member companies, the organization has added eight new members. The new coalition includes Bittrex, Merkle Science, Crystal Blockchain, Bitgo.
8 Crypto Market Firms Join Crypto Market Integrity Coalition to Improve Self-Regulation
Seven months ago, 17 crypto firms announced the formation of theannounced the formation of the Crypto Market Integrity Coalition(CMIC), a group dedicated to strengthening the crypto industry with sensible regulation.CMIC’s original members included Circle, Coinbase, Anchorage Digital, Huobi Tech, Liberty City Ventures, and the Chamber of Digital Commerce were included.
“Through the pledge, the Coalition seeks to send a clear message at this critical moment in the evolution of digital assets. The crypto industry has made great strides over the past few years to improve the integrity of the marketplace,” noted the CMIC launch announcement on February 7, 2022.
On Thursday, CMIC detailed that eight new members had joined the coalition. The newly added CMIC members include Bittrex, VAF Compliance, Merkle Science, Tokenomy, Crystal Blockchain, Finclusive, Oasis Pro Markets, and Bitgo; Bitgo and Bittrex’s Chief Compliance Officer (CCO), said of their participation in the CMIC effort.
Michael Carter, Chief Compliance Officer at Bittrex, said the crypto exchange is “looking forward to working with fellow coalition members on joint educational efforts and sharing insights that will contribute to the continued evolution of the industry.” Jeff Horowitz, Bitgo’s chief compliance officer, elaborated that Bitgo welcomes discussions with regulators and policymakers.
“We are seeing an increasing willingness on the part of institutional investors to actively participate in the growing digital asset economy, and regulatory clarity addresses concerns stemming from uncertainty,” Horowitz said during the CMIC announcement on Thursday.” We continue to welcome discussions with policymakers on how to encourage innovation while protecting investors and businesses.” Bitgo
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