Brothers Winklevoss who created the cryptocurrency exchange Gemini, established an organization designed to combat fraud. It was called the Association of virtual commodities (VCA).
At the moment the organization has entered such a large exchange like Bitstamp, Bittrex and bitFlyer USA. The goal of the Association is protection of interests of investors through the development of new standards. Together they intend to get rid of manipulation in the market and make it more transparent.
The group also intends to cooperate with U.S. regulators, the Commission on trade commodity futures U.S. (CFTC) and the Commission on securities and exchange Commission (SEC).
The group positions itself as a tool samoregulirovaniya, the service providers for the sale of crypto-currencies will form the General rules, which all participants will follow.
Earlier, the SEC rejected the request of the brothers Winklevoss on the creation of a bitcoin ETF.