The Proof of Stake Alliance (POSA) has confirmed the addition of Coinbase Custody and Bison Trails to the alliance.
A community-driven advocacy organisation for Proof of Stake (PoS) technology unites with Coinbase Custody, a provider of secure, institutional-grade offline storage solutions for the digital asset ecosystem, and Bison Trails, a provider of blockchain infrastructure, expand the diverse group of POSA members engaging with and educating regulatory and policy stakeholders.
Sam Mcingvale, CEO Coinbase Custody commented: “Proof of Stake is an increasingly important innovation that the crypto space as a whole is rapidly trending toward.
“POSA is playing a critical role by engaging with lawmakers and regulators to educate them on emerging POS technology. It’s our hope that through the work of organizations like POSA, we’ll start to see meaningful conversations and, in time, clarity when it comes to POS and its applications.”
The news builds on the continued growth of the continued growth of the Proof of Stake Alliance, founded in 2019 has grown to more than 18 member organisations. The Alliance is committed to the mission of advancing public policy discussions through congressional and regulatory engagement, member events, and educational campaigns.
POSA members represent a wide range of the Proof of Stake community such as Staking as a Service (STaaS) companies, exchanges and custodians, protocol networks, service providers and leading academics.
Matt Perona, Board Member Proof of Stake Alliance added: “We are thrilled to announce Coinbase Custody and Bison Trails have joined one of the most active advocacy organisations in the blockchain community. As our newest members, Coinbase Custody and Bison Trails further validate the importance of our mission and the work of all our members on the front lines as we continue to advance the Proof of Stake industry.”
Joe Lallouz, Co-Founder and CEO of Bison Trails concluded: “The blockchain ecosystem has been well-served by the efforts of the Proof of Stake Alliance, particularly the Alliance’s work to bring clarity to the legal and regulatory implications of staking on Proof of Stake blockchain networks.
“Joining POSA reflects our commitment to working with partners across the industry to further the adoption of Proof of Stake blockchain technology.”