The Crypto Council for Innovation has assembled a coalition of heavyweight crypto firms with a singular mission: figure out the rules for vaults before regulators write them first.

The Vault Coalition, announced on June 5 during the Vault Summit, brings together Galaxy, Morpho, a16z crypto, the Avalanche Policy Coalition, BitGo, and Sharplink to tackle the legal and regulatory ambiguity surrounding one of DeFi’s fastest-growing primitives. The effort is led by CCI, a policy advocacy group founded in 2021 and headed by CEO Ji Hun Kim.

What vaults actually are, and why they need their own coalition

Think of a vault like a pooled investment vehicle, except it runs on smart contracts instead of spreadsheets and fund…