ADAM hires former Treasury official to help set best practices for crypto firms

May 13, 2021 | The Block News | 0 comments

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The Association for Digital Asset Markets (ADAM) has hired a former Treasury Official as its head of policy.

Robert Baldwin previously worked in the Office of Domestic Finance and Office of Terrorism and Financial Intelligence before moving to the trade association. At the Treasury, Baldwin oversaw policy development from the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC), which report to the office. Prior to the Treasury, Baldwin worked at the Central Intelligence Agency analyzing technological and economic developments throughout the world. On certain rotations, he briefed the president and the U.S. Trade Representative. 

In his latest role at the Treasury, Baldwin was more entrenched in digital asset policy. As an advisor, he worked with FinCEN on its crypto wallet proposal. He also had a hand in the President’s Working Group statement on stablecoins.  

At ADAM, Baldwin will “help execute ADAM’s strategic initiatives” and “engage in policymaking activities,” according to the announcement. His work will help further develop the best practices ADAM has crafted, since the association is committed to primarily being a standards-setting body, according to its CEO Michelle Bond. In the long term, ADAM is aiming to become a self-regulatory organization (SRO).

“Working with our members, I am confident we will develop best practices and policies that facilitate fair, orderly, and efficient digital asset markets,” Bond said in a statement.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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