The Ripple-backed National Cryptocurrency Association (NCA) launched on Wednesday.
Describing itself as independent and non-political, the NCA said it aims to provide clear, unbiased information on how digital assets function and their role in finance. It says its aim is to “demystify crypto.”
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The group was seeded with $50 million in funding from Ripple and Ripple Chief Legal Officer Stuart Alderoty will serve as the NCA president.
“We’re giving a voice to users from all walks of life and serving as a guide for how to use crypto responsibly,” said Alderoty in a press release.