The Crypto Council for Innovation (CCI), a group backed by Coinbase and Block companies, announced Monday that it has appointed a World Economic Forum (WEF) executive specializing in blockchain as CEO.
Sheila Warren, who led the development and management of the Center for the Fourth Industrial Revolution at the WEF, where she was head of data, blockchain and digital assets, will now be in charge of leading this lobby whose goal is to show the potential of the “crypto” world to legislators, regulators and society.
The CCI is the lobby for cryptocurrency-related companies and seeks to make its voice heard in Washington in the face of the possibility that the government will soon regulate this fast-growing sector.
The group was founded in April 2021 by Coinbase, Block —a company owned by Twitter founder Jack Dorsey—, Fidelity Digital Assets and Paradigm, and counts venture capital firms Ribbit Capital and Andreessen Horowitz among its members, in addition to the support of heavyweights in the technology sector.
According to its website, the CCI recently hosted Tesla founder Elon Musk and ARK Innovation Index Funds manager Cathie Woods at a virtual event on bitcoin, and has published a study on bitcoin and illicit finance signed by a former CIA director, Michael Morell.
In a statement, Fres Ehrsam, co-founder of the lobby group and managing partner Paradigm, said Warren is the “ideal ambassador to bring the crypto and policy worlds closer together” because of her deep knowledge of the subject and her experience dealing with governments.
The executive, meanwhile, stressed that the CCI’s mission is to realize the transformative potential of cryptocurrencies through education and advocacy for a global policy that ensures their benefits are accessible to all.