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In an announcement this week, market surveillance firm Solidus Labs and exchanges including Bitstamp, Coinbase, BitMEX and CrossTower said they would be launching the Crypto Market Integrity Coalition, or CMIC, asking all other companies involved in the crypto space to follow their example. According to the CMIC, members must pledge to encourage “a fair digital asset marketplace to combat market abuse and manipulation and promote public and regulatory confidence” in crypto.
“Harmonizing a broad global approach to digital assets and competition in the digital currency space race, can improve U.S. competitiveness, security and lower fundamental costs for basic financial access,” said Circle chief strategy officer and head of global policy Dante Disparte. “CMIC’s pledge brings leading industry participants together to advance market integrity standards.”
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