Global DCA Applauds the US FASB Decision to Advance Digital Asset Research
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,...
Digital Asset Association Ramps up in Washington, DC
WASHINGTON, July 19, 2021 /PRNewswire/ -- Global DCA is pleased to announce that it has retained Atlas Crossing, a strategic intelligence and public affairs consulting firm, to enhance its U.S. federal outreach efforts. As Global DCA continues to establish itself as the leading self-regulatory association for the digital asset and cryptocurrency industry, Atlas Crossing will utilize its decades of collective bipartisan experience to cultivate Congressional and federal agency advocacy on behalf of Global DCA, advising on strategy to foster responsible regulations, serve as a resource to policymakers and provide a platform for industy's engagement. "Our partnership with Atlas Crossing greatly enhances our ability to align with legislative and regulatory priorities while developing standards for the industry," said Matt Lisle, Chairman of the Interim Board of Global DCA. "Atlas Crossing has a successful track record managing broad coalitions to advocate for smart regulation for the benefit of all stakeholders, and that expertise will better position Global DCA as a credible industry advocate in Washington, D.C. at a critical time for the industry." The Global Digital Asset and Cryptocurrency Association Hires D.C.-Based Public Affairs Consulting Firm Atlas Crossing"Our firm looks forward to representing Global DCA in Washington and helping to build its brand as a responsible leader and standard setter in the digital asset and cryptocurrency industry," said Sean Joyce, Founder and CEO of Atlas Crossing. "There is certainly a lot of attention in Washington surrounding the digital asset space, and now more than ever policymakers need to hear from responsible actors like the members of Global DCA who are focused on fostering financial innovation and...