Sheila Warren, the inaugural CEO of the Crypto Council for Innovation (CCI), has introduced her resignation from the position, efficient January 2025.
Warren made the announcement on 14 December 2024 through X citing her need to give attention to driving innovation within the crypto area.
Ji Kim, presently serving as CCI’s Chief Authorized Officer, will assume the place of appearing CEO.
CRYPTO COUNCIL FOR INNOVATION CEO ANNOUNCES RESIGNATION AFTER THREE YEARS
Sheila Warren, CEO of the Crypto Council for Innovation, has introduced her resignation, efficient January.
Below her management, CCI solidified its position as a key advocate for the digital asset business,… pic.twitter.com/Q4LgDYMrps
— IBC Group Official (@ibcgroupio) December 14, 2024
Warren mirrored upon occasions such because the collapse of FTX and the regulatory scrutiny below the US Securities and Trade Fee’s (SEC) Chair, Gary Gensler.
“Once I took on the position as CCI’s first CEO three years in the past, it was a special period—earlier than the FTX debacle and simply as Gary Gensler’s assaults on the business had been starting to unfold,” she stated.
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Advocating By means of Turbulent Occasions, CCI’s Subsequent Chapter With Ji Kim
Warren expressed satisfaction within the group’s achievements throughout her tenure, regardless of working in a difficult surroundings.
“Policymakers all over the world have persistently advised me that CCI is the rationale they’ve remained open-minded about crypto, even amidst a bear market, crises, and adverse press concerning the business,” she stated.
A key consequence below her management was CCI’s energetic position in discussions on Capitol Hill. In July 2024, Warren was a part of a roundtable that included the US Congress members, a Biden administration advisor, and crypto executives to debate making crypto a nonpartisan subject. The assembly was described by Warren as “a productive step ahead.”
In the meantime, as Warren departs, Ji Kim will take cost because the appearing CEO. Warren expressed confidence in Kim’s capability to proceed CCI’s mission and construct upon its legacy.
“I can’t consider a greater particular person to construct on this robust basis he has helped create,” Warren wrote.
Kim’s management comes at a time when CCI is trying to broaden its affect to Asia, Europe and Africa.
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Warren ‘s Departure Coincides With Shift In Regulatory Local weather
Warren’s departure has coincided with a possible shift within the regulatory local weather because the Trump administration takes workplace in January 2025.
Crypto executives have expressed confidence concerning the incoming Trump administration’s potential to assist decentralized finance (DeFi) and broader crypto adoption.
Marcin Kaźmierczak, co-founder of RedStone, remarked that the Trump administration may “catalyze an inflow of innovation and funding” in DeFi, remodeling it from a distinct segment market to the mainstream.
Including to the anticipation is the upcoming departure of SEC Chair Gary Gensler, recognized for his strict regulatory stance on crypto.
In the meantime, Trump has nominated Paul Atkins, a pro-crypto former SEC Commissioner, to succeed Gensler. Atkins’ nomination has reportedly fueled hopes for a extra favorable regulatory surroundings for digital property.
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Though Warren’s tenure because the CEO has come to an finish, she’s going to stay concerned with CCI as Senior International Coverage Officer to supply assist throughout the transition. “This isn’t goodbye—it’s just the start of a brand new journey,” Warren stated.
Previous to becoming a member of the CCI, Warren had founded the World Economic Forum’s blockchain and digital property group and was acknowledged as one of the highly effective ladies in Washington DC in 2023.
“I’m assured that CCI will obtain a sensible regulatory consequence in Washington, simply as we have now efficiently performed in practically each different market the place we function,” she stated.
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