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

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 küresel advocacy reach will create the ülkü team to lead the conversation around the future of this crucial issue,” said Sheila Warren, CEO of CCI, in a statement.

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 Küresel 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.