We are pleased to announce the launch of the Wall Street Bitcoin Alliance (WSBA), an organization comprised of business and technology executives and leaders within the financial industry, including banks, broker-dealers, institutional investors and hedge funds.
The WSBA mission is to guide and promote comprehensive adoption of digital currency and blockchain technology across financial markets.
The WSBA will execute on this strategy by engaging with regulators, policymakers and technology innovators to guide the public dialogue about Bitcoin and blockchain technology, so that the financial markets can realize the full potential of these rapidly changing and innovative capabilities.
Says Ron Quaranta, Executive Director of WSBA: "Bitcoin and blockchain technology and protocols represent a seismic shift in how financial markets, and all aspects of the global economy, will operate in the future. As we work to incorporate and adapt these powerful technological advances to the world of 'Finance 2.0', having an organized, strategic approach will aid all participants understand and embrace the Bitcoin ecosystem. We believe that the long-term result will be more efficient markets, more cost-effective solutions for equity ownership, investment and trading, and ultimately greater value and wealth creation for all participants in the world of finance and trading.
In addition to Mr. Quaranta, the Executive Committee of WSBA is composed of industry leaders across the legal, brokerage and trading professions, including James Jalil, senior partner and head of the cryptocurrency practice at the law firm of Thompson Hine; Gil Luria, Managing Director at Wedbush Securities and Christian Martin, Chief Executive Officer of TeraExchange.