17 crypto companies join forces to support the sector Faced with the aggressiveness of regulators and the tightening of the legal card, the crypto industry is beginning to organize itself. So, a group of 17 digital asset companies revealed that they formed an organization called the Crypto Market Integrity Coalition (CMIC).
His ventures include cryptocurrency companies like Coinbase (NASDAQ:COIN), Circle Internet Financial, Huobi Tech, Bitmex, Cryptocompare, and Solidus Labs. The newly formed group says the coalition is “committed to a safe and wisely regulated crypto industry.”
Furthermore, the organization aims to "cultivate a fair digital asset market" by fighting against market manipulation and abuse. The coalition plans to "promote public and regulator confidence in the new asset class."
The group is expected to launch "training programs, share ideas and research, engage with regulators, and consider frameworks for data sharing and shared oversight," according to Circle.
“Harmonizing a broad, global approach to digital assets and competition in the digital currency space race, can improve US competitiveness and security, and lower fundamental costs of financial access to base," said Chief Strategy Officer and Head of Global Policy at Circle.