Cryptocurrency industry advocacy group the Blockchain Association bolstered its board Tuesday with members from 0x, the Stellar Development Foundation and Kraken.
- Decentralized finance and regulatory precedence are some hallmarks of the association's new board members. 0x powers a decentralized exchange, Stellar maintains the Stellar ecosystem and Kraken is a crypto exchange that also just became a chartered U.S. crypto bank.
- "With DeFi being such a trend these days we wanted to make sure we had representation" on the board, Association Executive Director Kristin Smith told CoinDesk.
- Stellar's General Counsel Candace Kelly, who has experience in the law enforcement community, Kraken's Chief Legal Officer Marco Santori and 0x's Senior Counsel Jason Somensatto will represent their respective organizations on the association's board, which was expanded from nine seats to 10.
- The two openings being filled were created in the last three months. The first vacancy came about when a seat held by a representative of custody firm Anchorage left that company. The second was created when Coinbase left the association and the board in protest of Binance U.S. being awarded membership in the organization.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.