Tuesday, September 27, 2022
HomeTechnologyGemini becomes a member of the Crypto Council for Innovation

Gemini becomes a member of the Crypto Council for Innovation

The cryptocurrency exchange stated that it spent $120,000 on lobbying activities in the United States.

The Crypto Council for Innovation (CCI) has announced that Gemini will be included in its list of crypto-friendly companies aimed at assisting legislators with related laws.

CEO Sheila Warren of CCI announced that Gemini has joined Coinbase, Block, Fidelity Digital Assets, Paradigm, and others in an attempt to “help accelerate [the group’s] expansion and worldwide leadership.” Ji Kim, Gemini’s head of policy and regulatory relations, stated that the exchange will collaborate with politicians and authorities to help accelerate the global acceptance of cryptocurrency.

CCI was founded in April 2021 by Coinbase and Square (now Block) with the goal of opening a discourse with governments and regulatory authorities about the benefits of cryptocurrency. In addition to its activities with the CCI, Coinbase has emerged as one of the largest spenders in the United States, pushing for crypto-friendly legislation in Congress. Prior to joining the CCI, Gemini did not declare any spending on lobbying actions in the United States in 2020. 

According to public data obtained from the United States Senate, the exchange recorded $120,000 spent in the third and fourth quarters of 2021 on a contract with the Sternhell Group.

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Vaishali Goel
Technology enthusiast, explorer and academic scholar. Currently exploring the crypto world. Join me in my journey to see how crypto, NFT and Metaverse will change the world.
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