Crypto Lobby Group CCI Expands Its Reach by Absorbing Proof of Stake Alliance

Election 2024 coverage presented by
The Crypto Council for Innovation (CCI) is taking in the Proof of Stake Alliance (POSA) as regulators worldwide increase their attention on stakings’ role in digital assets, where hundreds of billions of dollars are on the line.
Alison Mangiero, POSA’s executive director, will remain at the helm of the project as it comes under the CCI umbrella, according to a Wednesday statement from the groups in which Mangiero called it a “pivotal step forward.” The staking industry alliance, whose members include crypto-oriented firms such as Andreessen Horowitz, Ava Labs and Paradigm, had been advocating for proof-of-stake ecosystems, an approach that includes Ethereum (ETH) and Cardano (ADA).
“Combining POSA’s technical expertise with CCI’s global advocacy reach will create the ideal team to lead the conversation around the future of this crucial issue,” said Sheila Warren, CEO of CCI, in a statement.
Read more: What Is Proof-of-Stake?
POSA had previously worked on setting industry-driven standards for staking.
As CCI seeks to expand its influence on digital assets policy globally, the 15-employee organization also secured partnerships with other advocacy groups, including the Japan Cryptoasset Business Association to team up in Asia and the Global Digital Finance in the U.K. In these collaborations, the groups will work together on research, advocacy events and combined responses to government policy efforts.
CCI has also brought on a new advisor in Africa, Yele Bademosi, the co-creator of the Onboard platform, the group said.
Read more: Crypto Staking 101: What Is Staking?
Edited by Aoyon Ashraf.
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
Jesse Hamilton is CoinDesk’s deputy managing editor for global policy and regulation. He doesn’t hold any crypto.