The Public Policy and Regulation Committee is chaired by Maggie Sklar, Partner at the law firm of Davis Wright Tremaine. Maggies advises clients on a wide array of regulatory, policy, compliance, and enforcement matters concerning derivatives, securities, blockchain, cryptocurrency and digital assets, and environmental-social-governance (ESG) issues. Maggie has more than 15 years of legal and policy experience advising on financial institutions and financial markets, as well as years of senior-level government experience working for and with U.S. and international financial regulators.
Maggie previously served as Senior Policy Advisor and the Director of International Engagement, Financial Markets Group, at the Federal Reserve Bank of Chicago. Before joining the Federal Reserve, she worked at the U.S. Commodity Futures Trading Commission (CFTC), where she held multiple roles, including as the Senior Counsel to the Chairman, the Senior Counsel to a Commissioner, Associate Director of the Office of International Affairs, the Senior Counsel to LabCFTC, and Special Counsel in the Division of Market Oversight. At the CFTC, she advised on legal and policy matters, as well as on rulemakings, applications, new products, examinations, and enforcement actions, touching a wide range of issues: designated contract markets, derivatives clearing organizations, swap execution facilities, broker-dealers, asset managers, fintech, cryptocurrencies, and Dodd-Frank Act rules. She served as a deputy to the Financial Stability Oversight Council (FSOC), and represented the CFTC in various international forums, including at the International Organization of Securities Commissions (IOSCO). She also later served as a member of the CFTC’s Global Markets Advisory Committee (GMAC).
Before her government service, Maggie worked for several years as a litigator for global law firms in Washington, D.C. She represented large banks, hedge funds, financial services providers, energy companies, and/or their executives in complex civil litigation, including trials and appeals, as well as in internal and government investigations and enforcement proceedings.
Click here to view Maggie’s corporate bio.
- The Public Policy and Regulation Committee (PPR Committee) functions to advance the Global DCA’s goal of reducing the ambiguity and complexity of the current legal and regulatory landscape for digital assets and cryptocurrency.
- PPR activities promote regulation which balances the need for innovation and advancement of the digital asset and cryptocurrency industry and technologies while protecting consumers and the public interest.
To directly contribute to the delivery of the Global DCA’s strategic objective of reducing the ambiguity and complexity of the current legal and regulatory landscape and promoting “balanced” regulation, the responsibilities of the PPR Committee are to:
- Advise and provide insights on legal and regulatory trends to the Global DCA and identify opportunities for legal and regulatory engagement, awareness building with key legislators and regulators, and opportunities to provide feedback and insight on needed legal and regulatory reforms (both US domestic, foreign and global in nature).
- Advocate for strengthening and developing ‘fit for purpose’ legal and regulatory frameworks which best support the current and future growth of the digital asset and cryptocurrency industry and underlying technologies, including through outreach activities and speaking engagements.
- Act as a trusted advisor to legislators, regulators and broader stakeholders with an interest in improving the legal and regulatory frameworks related to the digital asset and cryptocurrency industry.
- Provide assistance and support (through public policy research, white papers, or other appropriate means) to the development of the Global DCA’s approach to new and evolving forms of technology, regulation, and evolution of the marketplace.
- Guide the development of global principles-based standards which address the lack of clarity and best practices in the marketplace and provide global guidance as relates to the development of businesses in the industry.
- Enable access to materials, resources and expertise from Global DCA member organizations and partners, including international development partners, to support the development of the industry globally (e.g. standards, guidance, educational materials, and tools).