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13

Winklevoss Twins Have a Plan to Police Cryptocurrency Trading

By Tony Seruga

The brothers want to form the Virtual Commodity Association
A CFTC commissioner applauded the plan for self-regulation

The Winklevoss twins have taken on their next project in the cryptocurrency world: regulation.

The brothers, who run the Gemini exchange for trading Bitcoin and Ether, have submitted a proposal to create the Virtual Commodity Association, a self-regulatory organization meant to police digital-currency markets and custodians. The non-profit group would aim to develop industry standards, promote transparency and work with regulators including the U.S. Commodity Futures Trading Commission to prevent fraud…

Winklevoss Twins Have a Plan to Police Cryptocurrency Trading

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