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Following the introduction of the Crypto Market Integrity Coalition (CMIC) with 17 member firms last February, the organization has added eight new members. New coalition recruits include Bittrex, Merkle Science, Crystal Blockchain and Bitgo.
Seven months ago, 17 crypto firms announced the formation of the Crypto Market Integrity Coalition (CMIC), a group that aims to strengthen a sensibly regulated crypto industry. Original CMIC members included Circle, Coinbase, Anchorage Digital, Huobi Tech, Liberty City Ventures and the Chamber of Digital Commerce.
“Through the pledge, the coalition seeks to send an unequivocal message at this critical moment in the evolution of digital assets: The crypto industry has made tremendous strides to improve market integrity in recent years,” said the CMIC launch announcement on February 7, 2022.
On Thursday, CMIC said that eight new members have joined the coalition. Newly added CMIC members include Bittrex, VAF Compliance, Merkle Science, Tokenomy, Crystal Blockchain, Finclusive, Oasis Pro Markets and Bitgo. Chief Compliance Officers (CCOs) at Bitgo and Bittrex talked about joining the CMIC initiative.
Michael Carter, Chief Compliance Officer at Bittrex said the crypto exchange looks forward to “working with other coalition members on collective education efforts and sharing insights that will contribute to the industry’s continued development.” Jeff Horowitz, Bitgo’s chief compliance officer detailed that Bitgo welcomes discussions with regulators and policy makers.
“We see growing appetite among institutional investors to actively participate in the growing digital asset economy, and regulatory clarity will address concerns that have stemmed from uncertainty,” Horowitz said Thursday during the CMIC announcement. “We continue to welcome discussions with policymakers on how to encourage innovation while protecting investors and businesses,” says Bitgo
What do you think of the eight crypto companies that recently announced to join the Crypto Market Integrity Coalition? Let us know what you think about this topic in the comments section below.
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