SEC indecision has led companies including several Wall Street veterans to form the Association for Digital Asset Markets (ADAM). Advised by a former New York Stock Exchange CEO, the group are attempting to introduce an industry code of conduct. Best Practice Manifesto The group, which includes Mike Novogratz’s Galaxy Digital, Hudson River Trading, and Symbiont, plan to clean up crypto’s image, Bloomberg reports. Its mission is to “foster fair and orderly digital asset markets where participants can
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Four cryptocurrency exchanges, including Gemini – the one founded by the Winklevoss brothers, is purportedly setting up a working group to bring new industry standards. Virtual Commodity Association Working Group (VCAWG) The Winklevoss twins’ cryptocurrency exchange Gemini is teaming up with three other exchanges to form a new self-regulatory organization (SRO) dubbed the Virtual Commodity Association Working Group. The exchanges in the newly formed organization, besides Gemini, are Bittrex, bitFlyer USA, and Bitstamp. Bittrex is
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