• The industry advocacy group Crypto Council for Innovation will assimilate the Proof of Stake Alliance, and the latter's director will remain with the project.
• CCI has also hired an advisor in Africa and cemented partnerships with groups based in Japan and the U.K., trying to extend its global reach as jurisdictions everywhere are hatching crypto policies.

The Crypto Council for Innovation (CCI) is taking in the Proof of Stake Alliance (POSA) as regulators worldwide increase their attention on stakings' role in digital assets, where hundreds of billions of dollars are on the line.

Alison Mangiero, POSA's executive director, will remain at the helm of the project as it comes under the CCI umbrella, according to a Wednesday statement from the groups in which Mangiero called it a "pivotal step forward." The staking industry alliance, whose members include crypto-oriented firms such as Andreessen Horowitz, Ava Labs and Paradigm, had been advocating for proof-of-stake ecosystems, an approach that includes Ethereum (ETH) and Cardano (ADA).