Chicago, Illinois – January 18, 2023 – The Global Digital Asset and Cryptocurrency Association, the preeminent self-regulatory association for the digital asset and cryptocurrency industry, has organized a Steering Committee to elaborate on Core Principles for the self-regulation of customer-facing digital asset businesses.  The Global DCA is calling on the industry to adopt such principles to address the causes of recent crypto business failures and to restore the industry’s tarnished credibility. 

The Global DCA Core Principles Steering Committee announces that the following regulatory and industry leaders have agreed to serve in the public interest as members of the Steering Committee:

• J. Christopher Giancarlo, Senior Counsel and Co-head of the Digital Works Practice, Willkie Farr & Gallagher / Former Chairman of the U.S. Commodity Futures Trading Commission (CFTC)

• Maggie Sklar, Partner, Davis Wright Tremaine / Former Senior Policy Advisor and the Director of International Engagement, Financial Markets Group, at the Federal Reserve Bank of Chicago / Former Senior Counsel at the Commodity Futures Trading Commission / Chairwoman of the Global DCA Public Policy & Regulatory Committee

• Renata Szkoda, Chief Financial Officer, INX / Chairwoman Global DCA

• Dawn Stump, Former Commissioner, U.S. Commodity Futures Trading Commission (CFTC)

• Carla Carriveau, Strategic Advisor/Director for crypto, fintech, and regtech startups, Former Senior Counsel and Executive Staff to Chair Mary Jo White, U.S. Securities and Exchange Commission  

• Jamila Piracci, Founder, Roos Innovations / Former program lead overseeing the National Futures Association (NFA) regulatory program for swap dealers under the Dodd-Frank Act (2011 to 2019) / Former Attorney, Federal Reserve Bank of New York

• Amit Sharma, Founder & CEO, FinClusive / Former Head of New Products and Chief of Staff to Global Markets, Mitsubishi UFJ Securities / Former Chief of Staff to the Deputy Secretary & Senior Advisor, Office of Terrorism & Financial Intelligence, U.S. Treasury

• Kristy Littman, Partner and Co-head of the Digital Works Practice, Willkie Farr & Gallagher / Former Chief of Crypto Assets and Cyber Unit, U.S. Securities and Exchange Commission (SEC)

• Patrick Daugherty, Partner, Foley & Lardner  / Adjunct Professor of Crypto Assets and Web3, Cornell Law School

• Suzanne Morsfield, Global Head of Accounting Policy, LUKKA / Chairwoman of the Global DCA Accounting & Taxation Working Group

• Georgia Quinn, General Counsel, Anchorage Digital

• Jason Allegrante, Chief Legal & Compliance Officer, Fireblocks

• Daniel Davis, Financial Markets and Regulation Partner, Katten / Former General Counsel, U.S. Commodity Futures Trading Commission (CFTC)

• Jeff Horowitz, Chief Compliance Officer, BitGo

• Lee Schneider, General Counsel, Ava Labs

• Matthew Lisle, Chairman Standards Committee, Global DCA

• Adam Schneider, Global DCA Advisory Board; Investor / Director for FinTech, RegTech, and Crypto Startups; Former Partner Oliver Wyman; Former Partner Deloitte Consulting; Member, Bretton Woods Committee

• Gabriella Kusz, CEO, Global DCA / Emerging Leader, Chicago Council on Global Affairs / Former Principal of Strategic Initiatives at the International Federation of Accountants

• Antonio Flores, Manager of Operations, Evertas / Project Manager – Policy Fellow, Global DCA 

“While pending Congressional legislation seeks to authorize crypto self-regulation, there is much work that can be done right now by crypto industry participants, both new entrants and legacy participants alike, to agree upon and voluntarily adopt sound, fair and transparent operating practices, procedures and standards that are essential to trust and credibility,” said former CFTC Chairman J. Christopher Giancarlo. “There is no better time than now.”

“I strongly believe that bringing back to light some of the core fundamental principles of a strong and sustainable financial system creates a path toward restoring the trust and integrity in our growing industry.  We have a lot of work to do, and Global DCA is committed to continue serving as the responsible voice for many industry pioneers.  This is why I am so excited and incredibly proud to announce such a strong industry collaboration on this effort bringing together the brightest minds and veteran experts from a variety of sectors of our financial system to call back and highlight Core Principles that are much needed and will guide this industry to emerge as a much stronger contributor in the global financial system,” said Renata Szkoda, the Chair of Global Digital Asset & Cryptocurrency Association.

“This action demonstrates the Global DCA’s commitment to responsible innovation in action as we develop industry standards and best practices that protect consumers, stakeholders, and the broader public interest worldwide,” stated Gabriella Kusz, CEO of the Global Digital Asset and Cryptocurrency Association.

About Global Digital Asset and Cryptocurrency Association 

The Global DCA is a global self-regulatory association for the digital asset & cryptocurrency industry. It was established to guide the evolution of digital assets, cryptocurrencies, and the underlying blockchain technology within a regulatory framework designed to build public trust, foster market integrity, and maximize economic opportunity for all participants. Its broad-based membership includes exchanges, proprietary trading firms, traders, investors, asset managers, brokerage firms, FCMs, custodians, decentralized technology organizations, banks, legal firms, audit firms, insurance professionals, academics, consultants, & media.

For more information, visit www.global-dca.org

Source: Global Digital Asset and Cryptocurrency Association

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