News – Global DCA

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Who’s Who In Crypto: Gabriella Kusz, Chief Executive Officer at Global Digital Asset and Cryptocurrency Association

What does crypto mean to you and what drew you to it? Crypto means transformation and evolution of the financial sector. As a professional who has spent a significant portion of her career ushering in financial sector transformation my ah-ha moment happened when I began to see the broader impacts of the industry as a first wave of the Fourth Industrial Revolution.  In my previous roles, I have supported countries in transitioning towards free-market economies or in diversifying their economies away from petrochemical industry reliance or in advancing transparency and accountability post-Arab Spring. Crypto is the tip of the iceberg and ensuring inclusive, participatory and representative engagement in our global financial future will require supporting broad financial sector transformation. What drew me to crypto was the opportunity to lend my global lessons learned, experience in capacity building and enhancing shared prosperity in an emerging and more impactful way. Read Full Article Here


Global Digital Asset and Cryptocurrency Association Appoints Gabriella Kusz to CEO Position – MarketWatch

The Global Digital Asset and Cryptocurrency Association, a self-regulatory association for the digital asset & cryptocurrency industry, is pleased to announce that Co-founder and Board Member, Gabriella Kusz has unanimously been appointed to the CEO position.  With nearly 20 years of financial services public policy experience and sustainable programming innovation successfully put into effect at government agencies and SROs globally, Gabriella will lead the association’s strategic plan to develop industry standards and best practices, implement education and certification programs to build human capacity, and advocate for a public policy and regulatory environment that facilitates innovation and protects consumers, stakeholders, and the broader public interest worldwide. Read Full Article Here


Self-regulatory organizations growing alongside new US crypto regulation – COINTELEGRAPH

SROs can eventually provide the “connective tissue” between the crypto industry and U.S. government as regulatory infrastructure forms. Federal regulation is necessary but not sufficient, Kusz said. Rather, a holistic approach to a regulatory framework is needed. “Regulatory bodies need to move away from an adversarial role toward community management to help shape an ecosystem that works,” she said. “I am not fearful” about regulation, she continued, “but optimistic. […] It will take multiple organizations to steward the industry and bring forward innovation. It’s not competitive.” Read Full Article Here


Balancing act: A report into the future of US crypto regulation – Currency.com

The need for new laws governing crypto is gaining support, amid confusion and uncertainty. With Republican-led proposals on one side and President Joe Biden’s working group and executive orders on the other, the importance of clear US crypto regulation is clearly being felt on both sides of the US political scene, albeit from different perspectives. Gabriella Kusz, chief executive of the US-based Global Digital Asset and Cryptocurrency Association, sees a higher impetus among Democratic politicians “to support the industry from a perspective of offering greater financial inclusion, access to finance and opportunity for traditionally underbanked or unbanked populations.” On the other hand, Kusz believes that Republican politicians have a “greater degree of alignment and understanding of the power of cryptocurrency to stimulate needed domestic industry innovation, job creation and economic growth.” Read Full Article Here


Is Crypto Fueling Corruption or Helping Citizens Flee It? – Blockworks

IMF study finds crypto adoption is more prevalent in countries with higher corruption and capital controls. But why?. The IMF report’s authors found both factors were practically indistinguishable in terms of their significance within the survey data. But the practical implementation of capital controls is itself a highly nuanced affair, according to Gabriella Kusz, CEO of the Global Digital Asset and Cryptocurrency Association. Just because capital controls exist doesn’t mean they are functioning well, she told Blockworks. “Consumers understand the degree of corruption inherent in their financial sector and economy and seek a financially inclusive, transparent and independent form of exchange through crypto,” Kusz said. Read Full Article Here


NOW AVAILABLE – Global DCA 2021 Impact Report – Building the Foundation for Responsible Innovation

This year - 2021 - was a year of intense focus on building a solid foundation for the future of the Global DCA. Using the IOSCO Model for Effective Self-Regulation as a guide, we leveraged global and established practices proven within self-regulatory entities and drew upon long-standing standards and codes of conduct to build a strong system of governance built upon the principles of integrity, accountability and transparency. To this end, the Global DCA 2021 Impact Report details our focus, key achievements from the past twelve months and a preview of organizational strategic orientation for the 2022 fiscal year. As we step into 2022, the Global DCA Membership is energized and committed. As an organization, we are well positioned to build upon the strong foundation we have laid this past year and passionate about our mission as we observe the continued rapid evolution of the next wave of digital asset evolution. We thank our Board, Advisory Board, Members and Affiliates for being part of the first chapter of the Global DCA and we warmly welcome you to be part of the next chapter in our story. Read Impact Report


Global DCA Applauds the US FASB Decision to Advance Digital Asset Research

The Global Digital Asset and Cryptocurrency Association (Global DCA), the digital asset self-regulatory association applauds the decision of the US Financial Accounting Standards Board (FASB) to include digital assets in its upcoming research agenda. CHICAGO, Dec. 17, 2021 /PRNewswire/ -- The Global Digital Asset and Cryptocurrency Association (Global DCA), the digital asset self-regulatory association applauds the decision of the US Financial Accounting Standards Board (FASB) to include digital assets in its upcoming research agenda. The Global DCA has been actively engaged in raising awareness of the need for enhanced standards and guidance around the reporting for digital assets under US Generally Accepted Accounting Principles (US GAAP), and in September initiated an industry-wide effort to engage stakeholders as well as other industry groups in a discussion on these important issues as well as potential solutions. Today, in response to industry-wide feedback provided through the formal Invitation to Comment, the FASB announced that it will be pursuing research into accounting for exchange-traded digital assets and commodities. For additional information please read the full press release HERE.


Congratulations to New Global DCA Officers, Board Directors and Committee Chairs!

A thank you to all of our Global DCA Full Members for taking the time to cast their ballots and help welcome our new Board of Directors. Election results were unanimous in favor of the slate presented during our Membership Meeting held on November 5th, 2021: Renata Szkoda (Chair - Full Member - Galaxy Digital) Gabriella Kusz Jenna Wright  (Full Member - LMAX Digital) Noah Baalessanvu (Full Member - CryptoSavannah) Kristin Boggiano (Full Member - CrossTower) David Nuelle (Full Member - Hehmeyer) David Carman (Full Member - Fintank) Independent (Open Seat) Pat Daugherty (Affiliate Member - Foley & Lardner) Tony Pettipiece (Affiliate Member - GRIP (DIFC) Investments) Committee Appointments The Global DCA is proud to welcome our new officers which were unanimously approved during the first Board meeting held on December 2, 2021: Treasurer: Thomas Bakas (RPM Financial Markets Group) Secretary: Bjondi Dervishi This past week the new Board of the Global DCA confirmed the following individuals to lead the four committees of the Global DCA. As a representative body, the Global DCA functions through its four committees to execute on its strategic plan and ensure a member-driven approach to its operations and functions: Conduct & Discipline Committee: Matthew Lisle (Galaxy Digital) Education, Training and Certification Committee: Ayla Kremb (Diffuse VC) Membership Committee: Brett Ladendorf (IASG Fund Services) Public Policy and Regulation: Michael Frisch (Croke, Fairchild, Morgan and Beres) US Advocacy Sub-Committee: Matthew Lisle (Galaxy Digital) and Gabriella Kusz


Newest Global DCA Member Establishes PinkPanda Holdings as Cryptocurrency Regulation Leader

Oct 21, 2021 (AB Digital via COMTEX) -- CHICAGO, IL - OCT 21, 2021 - Pushing to the forefront of a currently self-regulated industry, Pink Panda Holdings, Inc. has recently become the newest corporate member of the Global Digital Asset & Cryptocurrency Association (Global DCA). Fortifying their efforts to make cryptocurrency more accessible with their upcoming mobile app wallet launch, Pink Panda’s company values and regulatory strategy closely align with the Global DCA’s mission to advocate, educate, and facilitate the evolution of the cryptocurrency and digital asset industry. Read Full Article HERE: https://www.marketwatch.com/press-release/newest-global-dca-member-establishes-pinkpanda-holdings-as-cryptocurrency-regulation-leader-2021-10-21


The Global Digital Asset & Cryptocurrency Association (GDCA) Ask House Leadership to Amend the Crypto Tax Provision in the Senate’s Infrastructure Bill in Member Supported Letter

WASHINGTON, Aug. 19, 2021 /PRNewswire/ -- The Global Digital Asset & Cryptocurrency Association (GDCA)'s Advocacy Subcommittee Chairwoman Jill Richmond released the following statement in conjunction with GDCA member-endorsed letters submitted to the leadership of the U.S. House Ways & Means Committee and the U.S. House Financial Services Committee. "The Global DCA strongly supports the notion that the digital asset industry should contribute to the development of our nation's infrastructure. In that vein, we still have an opportunity to fix the original language in the Bipartisan Infrastructure Investment and Jobs Act by ensuring all stakeholders are adequately considered. We, at GDCA, strongly support thoughtful and carefully tailored regulation for the digital asset and cryptocurrency industry. We have made appropriate recommendations that would provide for fair and reasonable tax reporting requirements without harming innovation in our nascent industry. We believe this approach will enable the United States to maintain its edge in the digital economy. We look forward to continued work on smart, inclusive, and considerate policy solutions." ABOUT THE GLOBAL DIGITAL ASSET & CRYPTOCURRENCY ASSOCIATION (GDCA)The Global Digital Asset & Cryptocurrency Association (GDCA) is a global self-regulatory association for the digital asset industry. The GDCA was started in 2020 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. The 40+ broad-based membership includes proprietary trading firms, traders, investors, asset managers, brokerage firms, custodians, surveillance system providers, decentralized technology organizations, banks, legal firms, audit firms, insurance professionals, academics,...