Galaxy and Morpho are leading the industry alliance, with a16z and the Avalanche Policy Coalition participating as the group pushes for clearer rules after comments from SEC Chair Atkins.
Crypto Council for Innovation officially announced the Vault Coalition on the 5th, forming an industry alliance focused on securing regulatory clarity for crypto vault structures. Galaxy and DeFi (decentralized finance) lending protocol Morpho are leading the effort, while a16z and the Avalanche Policy Coalition are also taking part. The move comes as crypto vaults have grown into a sizable part of the market, with total vault deposits reaching $131 billion as of April 2026. The article also points to a broader policy backdrop, noting that SEC (U.S. securities regulator) Chair Atkins said last month that clearer regulation is needed.