Sources: Binance is forming a crypto alliance, and many crypto companies have signed up to join

ChainCatcher news, according to Coindesk, informed sources revealed that Binance is forming a consortium of crypto companies to rebuild trust in the industry and play a positive role in upcoming regulations.

The source stated that many crypto companies have signed on to join, including projects, exchanges, and blockchain analytics firms, but did not disclose the names of any related companies; the organization will not be operated by Binance, but will "operate in as decentralized a manner as possible across many different projects to ensure alignment with the community."

The source added that the initial goal of the organization is to collaborate with global regulators and demonstrate the industry's advancements in combating criminals. "(The establishment of the organization) is also to ensure that there is a mechanism to point out shortcomings and misconduct in the industry and help avoid broader contagion." (source link)