The CRC has reviewed over 70% of the top 100
digital assets by market capitalization
There are myriad utilities and features created or enabled by digital assets. The most simple digital assets function merely as currency, storing value and facilitating transactions.
Other digital assets are used as currency in particular ecosystems, like an online metaverse or digital gaming world. There are many more complex digital assets that function as "gas" (i.e. used to pay transaction fees) to access particular services, like the ability to program smart contracts or decentralized application on a blockchain development network.
Digital assets may also be used to incentivize participants in a blockchain ecosystem to undertake certain activities, like voting in governance proposals or performing tasks like ride-sharing or data collection facilitating a gig economy.
Anchorage General Counsel
“The formation of the CRC shows how rapidly the crypto industry is maturing. I am excited to see to see this level of collaboration from leading companies, all in service of regulatory compliance. Anchorage is proud to be an early member."
Chief Legal Officer
“As the world’s largest digital currency asset manager, we look forward to helping educate the public through our engagements with the CRC. Over the last decade, regulators and policymakers have made commendable progress regulating the crypto asset class. We look forward to continued clarity on how digital assets should be treated – an issue of the utmost importance for investors and for the ongoing evolution of this asset class."
Genesis General Counsel
“The work of the Council helps guide digital currency market-makers amidst the current uncertainty around asset classification. Genesis is pleased to support the creation of a collaborative scoring framework alongside some of the most reputable companies in the industry."