Crypto market abuse & surveillance

Verena Ross

European Securities and Markets Authority (ESMA) · European Union

Editor's note. ESMA Chair leading EU-level crypto-asset market integrity supervision. Most influential regulator voice on MiCA significant CASP framework (Articles 92-94) and ESMA direct supervisory powers.

Verena Ross is Chair of the European Securities and Markets Authority (ESMA), the EU-level supervisor responsible for crypto-asset market integrity, MiCA coordination, and direct supervision of significant CASPs under MiCA Articles 92-94. Ross took the Chair role in November 2021 after extensive prior ESMA service including Executive Director. Her ESMA tenure spans the full MiCA legislative development, implementation, and operationalisation phase — making her one of the most influential EU regulator voices on crypto-asset framework development.

Hilary J. Allen

American University Washington College of Law · United States

Editor's note. Most-rigorous academic-side counterweight to industry-friendly crypto deregulation arguments. Driverless Finance essential reading on financial-stability implications.

Hilary J. Allen is Professor of Law at American University Washington College of Law and one of the most-influential academic critics of crypto-asset deregulation in the United States. Her published research and policy commentary focus on financial stability implications of crypto-asset markets, stablecoin systemic risk, and the broader question of whether crypto-asset financial infrastructure should be integrated with or quarantined from the traditional financial system. Her book "Driverless Finance" addresses the broader question of automation and financial-system stability with substantial application to crypto-asset frameworks.