Coinbase, Ripple execs to lead new “market integrity” group

The Blockchain Association, an industry organization that represents some of the biggest names in crypto, today announced the launch of a new “Market Integrity Working Group.”

The working group will be headed up by co-chairs Rachel Nelson—senior director and associate general counsel at Coinbase—and Breanne Madigan, the head of global institutional markets at Ripple. The goal of the group is to ensure “transparency and fairness of cryptocurrency markets,” according to the Association’s announcement.

As the Blockchain Association itself notes, the cryptocurrency industry is still largely unregulated in the United States. As a result, problems regarding market manipulation and false data are still prevalent, and this prevents digital assets from gaining legitimacy in the mainstream financial world.

Last March, for example, cryptocurrency management firm Bitwise released a report that claimed 95 percent of the reported Bitcoin trading volume across cryptocurrency…