Top America’s Largest Crypto Investment Firms
The Digital Assets Working Group @FSCDems
Well-structured questions pinned the six leaders in the Crypto Investment firms to their experience levels. Great job to all who participated.
Washington, DC, on Wednesday, December 08, 2021, at 10:00 a.m. (ET) full Committee Chairwoman Waters @RepMaxineWaters and Ranking Member McHenry hosted a virtual hearing entitled, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”
Waters and Beatty Release Committee Staff Report Highlighting Diversity Shortcomings at America’s Largest Investment Firms
What comes first?
- Code
- Policy
- Security
- Network
- Usability
- Hardware
Each question should address the following:
- global presents — fraud
- growth — stability
- intelligence — control
- audits — taxes
- code — systems
- monitoring — guidance
Jeremy Allaire, CEO, Circle @circlepay
Technologist and Internet entrepreneur. CEO and founder of the digital currency company Circle and chairman of the board of Brightcove. With his brother JJ Allaire, he co-founded Allaire Corporation in 1995. Circle, a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments and commerce. Circle is the pioneer of USD Coin (USDC), the fastest growing, fully-reserved, and regulated digital dollar.
Sam Bankman-Fried, CEO, FTX @SBF_FTX
Sam Bankman-Fried is the founder and CEO of FTX, a cryptocurrency exchange. He also manages assets through Alameda Research, a quantitative cryptocurrency trading firm he founded in October 2017. Before founding FTX, Sam was a trader on Jane Street Capital’s international ETF desk. He traded a variety of ETFs, futures, currencies, and equities, and designed their automated OTC trading system. He graduated from MIT with a degree in physics.
Brian Brooks, CEO, Bitfury @BrianBrooksUS
Former CEO at Binance.US; Former U.S. Acting Comptroller of the Currency. Bitfury Group Ltd., a provider of cryptocurrency mining equipment and a slew of various related services, CEO of the Bitfury Group. Most recently, Mr. Brooks served as Chief Executive Officer of digital asset exchange and marketplace Binance.US. May 2020 to January 2021, Mr. Brooks served as the Acting Comptroller of the Currency, where he was the administrator of the federal banking system and the chief executive of the 3,500-employee federal agency responsible for chartering and supervising banks comprising 70 percent of all banking activity in the United States. Brian P. Brooks (born 1969) is an American lawyer, banker, entrepreneur, technologist, and government official. He served as Acting Comptroller of the Currency from May 29, 2020, succeeding the 31st Comptroller of the Currency Joseph Otting, until January 14, 2021. Brooks was nominated twice by President Donald Trump for a five-year term as Comptroller of the Currency, once during the 116th Congress, and once in the 117th Congress.
Charles Cascarilla, CEO, Paxos @PaxosGlobal
Paxos president and CEO, joins ‘Squawk on the Street’ to discuss the President Working Group’s Stablecoin report, which guides a path to stablecoin regulation. CEO and co-founder of Paxos, a financial technology company mobilizing assets at the speed of the internet. With over 20 years of experience in financial services, Charles has a unique perspective on integrating blockchain technology with traditional systems. He co-founded institutional asset management complex Cedar Hill Capital Partners in 2005 and its venture capital subsidiary, Liberty City Ventures, in 2012. Earlier in his career, Charles was a portfolio manager at Claiborne Capital and an analyst at both Bank of America Securities and Goldman Sachs. He serves on the board of several charities and private companies including Project ALS and The Centurion Foundation.
Denelle Dixon, CEO, Stellar Development Foundation @StellarOrg
CEO and Executive Director of the Stellar Development Foundation, a non-profit organization using blockchain to unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered. Before joining Stellar, Dixon served as COO of Mozilla, one of the most successful mission-driven open-source organizations. A lawyer by trade, Denelle previously served as a general counsel and legal advisor in private equity and technology. Dixon served as COO of Mozilla, one of the most successful mission-driven open-source organizations. During her tenure at Mozilla, she led the organization’s business, revenue and policy teams including the ongoing fight for Net Neutrality and the global effort to ensure that people can control their personal data. She also pushed Mozilla to understand how to partner with commercial entities while staying true to its core mission of openness, innovation, and opportunity on the web.
Alesia Haas, CEO, Coinbase Inc. and CFO, Coinbase Global Inc. @coinbase
Chief Financial Officer since April 2018. Prior to joining us, Ms. Haas served as the Chief Financial Officer for Sculptor Capital Management, Inc. (formerly Och Ziff Capital Management Group LLC), a global institutional alternative asset manager, from December 2016 to April 2018. Prior to that, Ms. Haas served in various leadership positions at OneWest Bank, N.A., a commercial bank, from March 2009 until shortly after its acquisition by CIT Group Inc. in December 2015, including most recently as its Chief Financial Officer from January 2013 until the acquisition. Ms. Haas currently serves as a member of the board of directors of ANGI Home services Inc., an internet services company, and previously served as a member of the board of directors of Sears Holding Corp., a retail holding company, from February 2016 to December 2016. Ms. Haas holds a B.S. in Business Administration from California Polytechnic State University, San Luis Obispo.
The hybrid hearing held on Wednesday, December 8 at 10:00 AM ET.
The Digital Assets Working Group focused on making sure there is responsible innovation in the cryptocurrency and digital asset space. Members are meeting regularly with experts and government officials to learn about the challenges and promise of digital assets. Members plan to work together on legislation and policy solutions on such matters as cryptocurrency regulation, the use of blockchain and distributed ledger technology, and the possible development of a U.S. Central Bank Digital Currency.
“As cryptocurrencies, central bank digital currencies and other digital assets enter the mainstream, the Committee will look at how digital assets have begun to enter many aspects of our lives — from payments to investments to remittances — and consider how to devise legislation to support responsible innovation that protects consumers and investors while promoting greater financial inclusion. So, I am pleased to announce that I have organized a Digital Assets Working Group of Democratic Members that will examine the issues at hand in the digital assets space.” -Congresswoman Maxine Waters (D-CA)
Digital Assets and the Future of Finance
https://financialservices.house.gov/uploadedfiles/l_i_m_rpt.pdf
*Credits and Reference to each respected websites.
NOT INVESTMENT ADVICE
Any views, opinions expressed, and consulting services provided are for educational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or any other advice. Sessions do not constitute a recommendation or endorsement of any particular cryptocurrency asset.
#Blockchain #Bitcoin #Cardano #Ethereum #DeFi #SmartContracts #NFT #Gaming #Cryptocurrency #GraphProtocol #Energy #Networks #Technology
@FSCDems, @RepMaxineWaters, @circlepay, @SBF_FTX, @BrianBrooksUS, @PaxosGlobal, @StellarOrg, @coinbase
