Former CIA officer Mike Castiglione leads the group to bring public/private sectors together on critical blockchain national security issues
WASHINGTON, May 3, 2022 /PRNewswire/ — The Association for Digital Asset Markets (ADAM) and Event today announced that ADAM has appointed Eventus Director of Regulatory Affairs, Digital Assets and former Central Intelligence Agency (CIA) officer Mike Castiglione as chair of its new national security task force. ADAM established the Task Force to serve as a bridge between the public and private sectors by acting as a go-to resource for the executive and legislative branches to interact with industry experts on blockchain national security issues.
ADAM’s Board of Directors approved Castiglione’s selection based on his extensive national security experience and Eventus’ advanced technology in business surveillance, risk monitoring and transaction monitoring for digital assets.
ADAM CEO michelle bond said: “We are very pleased to have Mike lead our National Security Task Force. ADAM has a very deep bench, and we know Mike will add to that, leveraging his experience to guide the group. He will allow us to continue public-private information sharing as much as possible, and we look forward to working with him.”
Joseph SchifanoEventus’ global head of regulatory affairs, said, “Mike has provided clear and objective insight into national security challenges during a 15-year career with the U.S. federal government. Eventus is proud to play a role in this working group – which will be a key resource for government and industry – and to collaborate with other experts among ADAM members to ensure safe and trusted digital asset markets.”
ADAM’s National Security Task Force aims to leverage the knowledge and expertise of the private sector to empower policymakers and regulators with insights into anti-money laundering (AML) capabilities and to ensure that blockchain technology promotes global growth, open markets and stability.
“Public-private partnerships are the cornerstone of sound regulation that encourages rapid adoption of emerging technologies. ADAM members are well positioned to learn from each other and create the next suite of products that make advancing digital assets,” Castiglione said.
ADAM’s National Security Task Force builds on ADAM’s previous national security efforts, including its Recent Comments to FinCEN on the modernization of the Bank Secrecy Act and its testimony to the House Financial Services Subcommittee on National Security, International Development, and Monetary Policy.
About the Association for Digital Asset Markets (ADAM)
The Association for Digital Asset Markers is a private, not-for-profit association of companies operating in digital asset markets and is a standards body and self-governing association committed to promoting market integrity and best practices. ADAM works with leading financial firms, entrepreneurs and regulators to develop industry best practices that facilitate fair and orderly digital asset markets. In this vein, ADAM’s objectives are to: (1) protect market participants against fraud and manipulation; (2) provide clear standards for efficient trading, custody, clearing and settlement of digital assets; (3) encourage the professionalism and ethical conduct of market participants; and (4) increase transparency and provide information to the public and governments in digital asset markets. To this end, ADAM has published a principle-based guide Code of conduct end of 2019 which sets certain standards of professional conduct for members of ADAM.
ADAM consists of a large industry group that includes a wide variety of market participants, including trading platforms, custodians, investors, asset managers, traders, liquidity providers, brokers and service providers. ADAM members are companies that are active in digital asset markets or seek to participate in such markets. ADAM members include: Anchorage Digital, NA; BitGo; BitOoda; BlockFi; BTIG; Digital CMT; CoinFund; Cumberland; Crowe LLP; Digital Asset Advisory of Finance Professionals; Dunamis Trading; Eventus; firewall; FTX.com; FTX.us; digital galaxy; Genesis; Shades of grey ; RSG; HRT; Hxro Foundation; Capital of St Jane; Multicoin capital; Oasis Pro Markets; Parataxis; Paxos; Robinhood Crypto; Sarson Fund; Solidus Capital; Solidus Laboratories; Symbiote; Symphony; Tree of Wisdom; and XBTO. ADAM Law Firm partners include Anderson kills; DLA Piper; DLx law; Mayer Brown LLP; Morgana Lewis; and McGonigle, PC
Eventus is a leading global provider of multi-asset class trade monitoring and market risk management solutions. Its powerful, award-winning Validus platform is easy to deploy, customize and operate across the equity, options, futures, foreign exchange (FX), fixed income and digital asset markets. Validus is proven in the most complex, high-volume, real-time environments of tier 1 banks, broker-dealers, futures brokers (FCMs), proprietary trading groups, market centers, purchasing institutions, energy and commodity trading companies, and regulators. The company’s rapidly growing customer base relies on the responsive support and product development teams of Validus and Eventus to overcome its most pressing regulatory challenges. To learn more, visit www.eventus.com.
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SOURCE Association for Digital Asset Markets (ADAM) and Eventus