The Global Digital Asset & Cryptocurrency Association Announces Proposed Information Guidelines for Certain Tokens Made Available in the United States

Proposed Voluntary Framework for Digital Asset Tokens Designed to Determine Materials Info Enabling the Market to Make Knowledgeable Choices

CHICAGO, Oct. 20, 2024 /PRNewswire/ — The World Digital Asset and Cryptocurrency Affiliation (World DCA), in collaboration with World Blockchain Enterprise Council (BGGC), The Digital Chamber and the Proof of Stake Alliance, as we speak introduced the Proposed Info Pointers for Sure Tokens Made Obtainable in the US, a complete, voluntary framework designed to reinforce transparency and allow knowledgeable decision-making within the quickly evolving digital asset market.

Distinguished attorneys together with distinguished regulation and finance students main within the fields of blockchain, digital property and Web3, developed and proposed the Pointers as members of an neutral Senior Steering Committee:

Chris Brummer – Professor of Legislation, Georgetown College, and School Director, Georgetown’s Institute of Worldwide Financial Legislation
Lewis R. Cohen – Companion and Co-Head of the CahillNXT follow, Cahill Gordon & Reindel LLP
Patrick Daugherty – Companion and Head of Digital Property Observe, Foley & Lardner LLP; Adjunct Professor of Legislation at Cornell and Northwestern
Daniel Davis – Companion and Co-Chair Monetary Markets Regulation, Katten Muchin Rosenman LLP; Former Normal Counsel, U.S. Commodity Futures Buying and selling Fee
Zachary O. Fallon – Companion, Ketsal PLLC
Merritt B. Fox – Professor of Legislation & Director of the Program in Legislation and Economics of Capital Markets, Columbia Legislation Faculty
Carol Goforth – Distinguished Professor of Legislation, College of Arkansas Faculty of Legislation
Yuliya Guseva – Professor of Legislation, Rutgers Legislation Faculty
Joel Hasbrouck – Kenneth G. Langone Professor of Enterprise Administration and Professor of Finance, NYU Stern Faculty of Enterprise
Lilya Tessler – Companion & Head of FinTech and Blockchain Group, Sidley Austin LLP
Yesha Yadav – Professor of Legislation, Vanderbilt College Legislation Faculty

The Steering Committee was suggested by the Advisory Committee composed of key business stakeholders:

Rachel Barnett – Chief Authorized Officer, IEX
Jason Civalleri – Product Counsel, Grayscale
William Costello – Normal Counsel, Gemini Belief Firm
Robert Krugman – Chief Digital Officer, Broadridge
Ajay Mittal, CFA – Product Technique, ConsenSys
Nilmini Rubin – Chief Coverage Officer, Hedera
Craig Salm – Chief Authorized Officer, Grayscale
Lee Schneider – Normal Counsel, Ava Labs
Annemarie Tierney – Founder and Principal, Liquid Advisors

The proposed Pointers give attention to native distributed ledger know-how (DLT) tokens and are knowledgeable by U.S. securities, commodities, and shopper safety laws in addition to business greatest follow. The framework seeks to align with world requirements, together with the European Union’s Markets in Crypto-Property Regulation (MiCA), making certain flexibility for the adoption inside totally different regulatory regimes. Additional, the Pointers don’t impose obligatory disclosures however as a substitute supplies a fit-for-purpose, complete mannequin that stakeholders might voluntarily undertake.

“World DCA expresses its honest gratitude to members of the Steering Committee and the Advisory Committee for his or her unwavering dedication and management on this groundbreaking effort. Your collective experience, insights, and onerous work had been instrumental in shaping a framework that can improve transparency and belief within the Web3 business,” mentioned Renata Szkoda, the Chair of World Digital Asset & Cryptocurrency Affiliation.

The Pointers are open for public feedback from October 21, 2024 to January 31, 2025. World DCA invitations suggestions from all stakeholders. Well timed feedback might be publicly out there and regarded by the Steering Committee for inclusion within the proposed Pointers.

Methods to Submit Feedback:
events can submit feedback by way of electronic mail to: feedback@globaldca.org

In regards to the World Digital Asset and Cryptocurrency Affiliation
The World DCA is a worldwide main commerce affiliation for the digital asset & cryptocurrency business. It was established to information the evolution of digital property, cryptocurrencies, and the underlying blockchain know-how inside a regulatory framework designed to construct public belief, foster market integrity, and maximize financial alternative for all contributors.

For extra data, go to https://global-dca.org/proposed-u-s-disclosure-guidelines/

Media Contact:
Christina Sciotto
c.sciotto@globaldca.org
312-593-5119

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