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Securities and Exchange Commission
100 F Street NE
Washington D.C. 20549
Tyler Gellasch – President and CEO, Healthy Markets Association
The Healthy Markets Association is an investor-focused not-for-profit focused on increasing transparency and reducing conflicts of interest in the capital markets. Prior to launching Healthy Markets in 2015, Mr. Gellasch served as Counsel in the US Senate, where he helped draft key provisions to the Dodd-Frank Act and other financial laws. Mr. Gellasch’s public service also included serving as Counsel to SEC Commissioner Kara M. Stein. In private practice, Mr. Gellasch has served as a general counsel of a boutique investment bank, as well as associate at Mayer Brown LLP and Morgan, Lewis & Bockius LLP.
Mr. Gellasch is a founder of Myrtle Makena LLC, a consulting firm where he advises for-profit entities and not-for-profit organizations on capital markets policy. Mr. Gellasch received his undergraduate degree from Case Western Reserve University, and received his juris doctor and master’s degree in economics from Duke University.
Jon Herrick – Chief Product Officer, New York Stock Exchange
As the Chief Product Officer for the New York Stock Exchange, a part of Intercontinental Exchange (NYSE: ICE), Mr. Herrick is responsible for product development and innovation across all areas of the exchange’s business. Mr. Herrick oversees the NYSE’s transactions, ETF listings and market data businesses, driving competitive strategy and distribution.
Previously, Mr. Herrick served as the NYSE’s Head of Markets, leading the NYSE’s equities and options businesses across its seven exchanges and three trading floors. Earlier, he was the exchange’s Head of Equities.
For more than a decade, Mr. Herrick held senior roles at several prominent proprietary trading firms including GETCO, which acquired Knight Capital to become KCG Holdings; Sun Trading, which was acquired by Hudson River Trading; and most recently Quantlab.
Mr. Herrick holds a B.A. from the State University of New York, College at Oswego.
Richard Johnson – CEO & Founder, Texture Capital
Mr. Johnson founded Texture Capital in 2019 to take advantage of the emerging opportunities in the digital securities space. Texture is a FINRA Member digital securities broker dealer, focused on tokenization of securities, operator of an ATS for secondary trading and has an affiliate SEC-registered Transfer Agent.
Prior to founding Texture Capital, Mr. Johnson was a Senior Analyst at Greenwich Associates in the firm’s Market Structure and Technology practice, where he conducted market structure research and consulting in the equities, crypto and blockchain markets.
Mr. Johnson is a member of FINRA’s FinTech Industry Advisory Committee, and holds FINRA Series 7, 63, 24, 3, 55 & 79 licenses.
Mr. Johnson began his career in quantitative trading holding roles at Barra and ITG. He was a founding employee at Miletus Trading – a boutique electronic brokerage firm – where he served as the Head of Sales & Trading. In 2007, Mr. Johnson led the sale of Miletus Trading to Liquidnet, where he then served as a senior product manager focusing on execution and analytics. In 2011, Mr. Johnson joined Société Générale, where he ran Electronic Trading in the Americas.
Mr. Johnson graduated from Exeter University with BA in Economics and Statistics.
Dave Lauer – Co-Founder, Urvin Finance and We The Investors
Urvin Finance has built an authenticated platform to connect public companies with their retail investors. We The Investors is a grassroots advocacy campaign helping to empower individual investors to change market regulation.
Mr. Lauer sits on the OSC’s Market Structure Advisory Committee and the editorial board of the Journal of AI and Ethics, and previously sat on FINRA’s Market Regulation Committee. He has testified multiple times before the U.S. Senate Banking Committee on electronic trading, along with the SEC, CFTC, and OSC.
Mr. Lauer’s work experience includes stock exchanges, institutional asset managers, regulatory advocacy, and high-frequency trading as both a quantitative analyst and a trader. He has advised multiple startups in tech, crypto, and quantum computing.
Nick Losurdo – (Moderator). Partner, Goodwin Procter LLP
As a Boston-based partner at Goodwin, Mr. Losurdo leads the firm’s broker, exchange, and trading practice and is a key member of the firm’s digital asset and blockchain practice. He advises financial institutions, public companies, startups, and investors on regulatory, policy, transactional, enforcement, and strategic matters across multiple asset classes, including equities, options, fixed income, and digital assets.
From 2018 to 2020, Mr. Losurdo served at the SEC as counsel to one of the commissioners, advising on a broad array of legal, policy, and regulatory matters, including proposed and final rulemaking, interpretations and exemptive relief, and enforcement matters. Early in his career, Mr. Losurdo was in-house counsel at an SEC-regulated options exchange. He is a frequent writer and speaker on crypto and securities industry topics, with additional information available in his firm bio.
Katherine Minarik – Chief Legal Officer, Uniswap Labs
As the Chief Legal Officer, Ms. Minarik manages the company’s global legal and government affairs work. Prior to Uniswap Labs, she was Vice President and Deputy General Counsel at Coinbase (COIN), where she managed the company’s global litigation, including regulatory enforcement, and international legal teams.
In these roles, Ms. Minarik has designed and led the litigation strategy for multiple cases in the digital asset industry with industry-wide significance, and brought multiple cases to the U.S. Supreme Court. She previously served as General Counsel for Dyson Americas; Chief Administrative Officer and Global General Counsel at Cleverbridge; and a partner at Bartlit Beck. She is a former law clerk for the Honorable Diane P. Wood on the U.S. Court of Appeals for the Seventh Circuit.
Ms. Minarik is currently on the board of ChIPs, the largest global network of women tech lawyers. She is on the board of the Blockchain Association, the largest crypto industry trade association, and an elected member of the American Law Institute. She has been honored as a Best Lawyers’ Women of Influence, Crain’s Most Influential Women Lawyers in Chicago, Women’s Bar Association of Illinois’s Top Women Lawyers in Leadership, Law Bulletin “40 Under 40” Illinois attorneys, and American Constitution Society’s Ruth Goldman awardee.
Christine Parlour – Chair of Finance and Accounting, UC Berkeley
Ms. Parlour is the Sylvan C. Coleman Chair of Finance and Accounting at UC Berkeley Haas School of Business. Most of her work is in institutionally complex areas such as market microstructure, FinTech, and Banking. Her current research focuses on changes in the payments system and the effects on bank balance sheets, blockchains, cryptocurrencies, and decentralized finance.
Ms. Parlour’s work has been published in major finance and economics journals. She has served as an editor at the Review of Finance, and is past president of the Western Finance Association and the Finance Theory Group. She is the current president of the Financial Intermediation Research Society.
She serves on various program committees and is currently a member of the Financial Economists Roundtable, and the NY Fed Financial Advisory Roundtable. Ms. Parlour is co-director of the Berkeley Center for Responsible, Decentralized Intelligence (RDI), an interdisciplinary hub for research in decentralized finance, and she co-taught the RDI MOOC on DeFi.
Chelsea Pizzola – Associate General Counsel, Cumberland DRW
Cumberland is the cryptoasset arm of global principal trading firm DRW. Ms. Pizzola previously served as Deputy Chief of Staff and Counsel to Chairman Heath P. Tarbert at the U.S. Commodity Futures Trading Commission and as an associate in the Financial Services Regulatory practice at Allen & Overy LLP.
Ms. Pizzola holds a J.D. summa cum laude from the George Washington University Law School and a Bachelor of Arts in Russian and Political Science from the University of North Carolina at Chapel Hill.
Austin Reid – Global Head of Revenue and Business, FalconX
FalconX is a leading digital asset prime brokerage. Mr. Reid has scaled the firm’s global presence across six international offices, driving the business to surpass $1 trillion in annual trading volume.
Since joining FalconX, Mr. Reid has been instrumental in accelerating the firm’s business. He led early go-to-market efforts, expanded the prime brokerage suite beyond spot trading, and helped launch key business lines including the firm’s market-making business. As former chief of staff, Mr. Reid worked closely with the CEO to shape company strategy and scale high-growth verticals.
Mr Reid has led successful fundraising efforts for FalconX, securing backing from top-tier investors such as GIC, Tiger Global Management, Thoma Bravo, B Capital, and Wellington Management. Prior to FalconX, he held roles in trading, product, and business development at CoinCircle and SoFi.
Mr. Reid holds a degree from the University of Southern California.
Greg Tusar – VP, Institutional Product, Coinbase
Mr. Tusar is leading the development of Coinbase’s efforts in areas such as prime brokerage and custody, financing, and its exchange. He joined Coinbase from Tagomi Systems, where he was co-founder and CTO. Coinbase acquired Tagomi in August 2020 to expand its Institutional offerings.
Prior to founding Tagomi in 2017, Mr. Tusar was Head of Global Execution Services and Platforms at KCG Holdings, responsible for its retail market making and institutional efforts. Mr. Tusar joined KCG in August 2013 from Goldman Sachs, where he spent 13 years, including as a partner and global head of the firm’s equities electronic trading business. Mr. Tusar helped Goldman Sachs expand its electronic trading franchise working closely with institutions to help improve their execution costs, and also helped the firm invest in and shape industry infrastructure including several exchanges and technology providers.
Mr. Tusar was previously a limited partner at Spear, Leeds and Kellogg (SLK) when Goldman Sachs acquired the firm in 2000. He also worked for seven years at TLW Securities, including as its Chief Executive Officer, before it was acquired by SLK in 1999. He began his career at Mentor Graphics, an electronic design automation firm.
This roundtable is part of the SEC Crypto Task Force’s ongoing series discussing crypto asset regulation.
More Information: Sunshine Act Notice | SEC Crypto Task Force to Host Four More Roundtables | SEC Announces Agenda, Panelists for Roundtable on Crypto Trading | Crypto Task Force webpage
Moderator:
Panelists:
Tyler Gellasch – President and CEO, Healthy Markets Association
The Healthy Markets Association is an investor-focused not-for-profit focused on increasing transparency and reducing conflicts of interest in the capital markets. Prior to launching Healthy Markets in 2015, Mr. Gellasch served as Counsel in the US Senate, where he helped draft key provisions to the Dodd-Frank Act and other financial laws. Mr. Gellasch’s public service also included serving as Counsel to SEC Commissioner Kara M. Stein. In private practice, Mr. Gellasch has served as a general counsel of a boutique investment bank, as well as associate at Mayer Brown LLP and Morgan, Lewis & Bockius LLP.
Mr. Gellasch is a founder of Myrtle Makena LLC, a consulting firm where he advises for-profit entities and not-for-profit organizations on capital markets policy. Mr. Gellasch received his undergraduate degree from Case Western Reserve University, and received his juris doctor and master’s degree in economics from Duke University.
Jon Herrick – Chief Product Officer, New York Stock Exchange
As the Chief Product Officer for the New York Stock Exchange, a part of Intercontinental Exchange (NYSE: ICE), Mr. Herrick is responsible for product development and innovation across all areas of the exchange’s business. Mr. Herrick oversees the NYSE’s transactions, ETF listings and market data businesses, driving competitive strategy and distribution.
Previously, Mr. Herrick served as the NYSE’s Head of Markets, leading the NYSE’s equities and options businesses across its seven exchanges and three trading floors. Earlier, he was the exchange’s Head of Equities.
For more than a decade, Mr. Herrick held senior roles at several prominent proprietary trading firms including GETCO, which acquired Knight Capital to become KCG Holdings; Sun Trading, which was acquired by Hudson River Trading; and most recently Quantlab.
Mr. Herrick holds a B.A. from the State University of New York, College at Oswego.
Richard Johnson – CEO & Founder, Texture Capital
Mr. Johnson founded Texture Capital in 2019 to take advantage of the emerging opportunities in the digital securities space. Texture is a FINRA Member digital securities broker dealer, focused on tokenization of securities, operator of an ATS for secondary trading and has an affiliate SEC-registered Transfer Agent.
Prior to founding Texture Capital, Mr. Johnson was a Senior Analyst at Greenwich Associates in the firm’s Market Structure and Technology practice, where he conducted market structure research and consulting in the equities, crypto and blockchain markets.
Mr. Johnson is a member of FINRA’s FinTech Industry Advisory Committee, and holds FINRA Series 7, 63, 24, 3, 55 & 79 licenses.
Mr. Johnson began his career in quantitative trading holding roles at Barra and ITG. He was a founding employee at Miletus Trading – a boutique electronic brokerage firm – where he served as the Head of Sales & Trading. In 2007, Mr. Johnson led the sale of Miletus Trading to Liquidnet, where he then served as a senior product manager focusing on execution and analytics. In 2011, Mr. Johnson joined Société Générale, where he ran Electronic Trading in the Americas.
Mr. Johnson graduated from Exeter University with BA in Economics and Statistics.
Dave Lauer – Co-Founder, Urvin Finance and We The Investors
Urvin Finance has built an authenticated platform to connect public companies with their retail investors. We The Investors is a grassroots advocacy campaign helping to empower individual investors to change market regulation.
Mr. Lauer sits on the OSC’s Market Structure Advisory Committee and the editorial board of the Journal of AI and Ethics, and previously sat on FINRA’s Market Regulation Committee. He has testified multiple times before the U.S. Senate Banking Committee on electronic trading, along with the SEC, CFTC, and OSC.
Mr. Lauer’s work experience includes stock exchanges, institutional asset managers, regulatory advocacy, and high-frequency trading as both a quantitative analyst and a trader. He has advised multiple startups in tech, crypto, and quantum computing.
Nick Losurdo – (Moderator). Partner, Goodwin Procter LLP
As a Boston-based partner at Goodwin, Mr. Losurdo leads the firm’s broker, exchange, and trading practice and is a key member of the firm’s digital asset and blockchain practice. He advises financial institutions, public companies, startups, and investors on regulatory, policy, transactional, enforcement, and strategic matters across multiple asset classes, including equities, options, fixed income, and digital assets.
From 2018 to 2020, Mr. Losurdo served at the SEC as counsel to one of the commissioners, advising on a broad array of legal, policy, and regulatory matters, including proposed and final rulemaking, interpretations and exemptive relief, and enforcement matters. Early in his career, Mr. Losurdo was in-house counsel at an SEC-regulated options exchange. He is a frequent writer and speaker on crypto and securities industry topics, with additional information available in his firm bio.
Katherine Minarik – Chief Legal Officer, Uniswap Labs
As the Chief Legal Officer, Ms. Minarik manages the company’s global legal and government affairs work. Prior to Uniswap Labs, she was Vice President and Deputy General Counsel at Coinbase (COIN), where she managed the company’s global litigation, including regulatory enforcement, and international legal teams.
In these roles, Ms. Minarik has designed and led the litigation strategy for multiple cases in the digital asset industry with industry-wide significance, and brought multiple cases to the U.S. Supreme Court. She previously served as General Counsel for Dyson Americas; Chief Administrative Officer and Global General Counsel at Cleverbridge; and a partner at Bartlit Beck. She is a former law clerk for the Honorable Diane P. Wood on the U.S. Court of Appeals for the Seventh Circuit.
Ms. Minarik is currently on the board of ChIPs, the largest global network of women tech lawyers. She is on the board of the Blockchain Association, the largest crypto industry trade association, and an elected member of the American Law Institute. She has been honored as a Best Lawyers’ Women of Influence, Crain’s Most Influential Women Lawyers in Chicago, Women’s Bar Association of Illinois’s Top Women Lawyers in Leadership, Law Bulletin “40 Under 40” Illinois attorneys, and American Constitution Society’s Ruth Goldman awardee.
Christine Parlour – Chair of Finance and Accounting, UC Berkeley
Ms. Parlour is the Sylvan C. Coleman Chair of Finance and Accounting at UC Berkeley Haas School of Business. Most of her work is in institutionally complex areas such as market microstructure, FinTech, and Banking. Her current research focuses on changes in the payments system and the effects on bank balance sheets, blockchains, cryptocurrencies, and decentralized finance.
Ms. Parlour’s work has been published in major finance and economics journals. She has served as an editor at the Review of Finance, and is past president of the Western Finance Association and the Finance Theory Group. She is the current president of the Financial Intermediation Research Society.
She serves on various program committees and is currently a member of the Financial Economists Roundtable, and the NY Fed Financial Advisory Roundtable. Ms. Parlour is co-director of the Berkeley Center for Responsible, Decentralized Intelligence (RDI), an interdisciplinary hub for research in decentralized finance, and she co-taught the RDI MOOC on DeFi.
Chelsea Pizzola – Associate General Counsel, Cumberland DRW
Cumberland is the cryptoasset arm of global principal trading firm DRW. Ms. Pizzola previously served as Deputy Chief of Staff and Counsel to Chairman Heath P. Tarbert at the U.S. Commodity Futures Trading Commission and as an associate in the Financial Services Regulatory practice at Allen & Overy LLP.
Ms. Pizzola holds a J.D. summa cum laude from the George Washington University Law School and a Bachelor of Arts in Russian and Political Science from the University of North Carolina at Chapel Hill.
Austin Reid – Global Head of Revenue and Business, FalconX
FalconX is a leading digital asset prime brokerage. Mr. Reid has scaled the firm’s global presence across six international offices, driving the business to surpass $1 trillion in annual trading volume.
Since joining FalconX, Mr. Reid has been instrumental in accelerating the firm’s business. He led early go-to-market efforts, expanded the prime brokerage suite beyond spot trading, and helped launch key business lines including the firm’s market-making business. As former chief of staff, Mr. Reid worked closely with the CEO to shape company strategy and scale high-growth verticals.
Mr Reid has led successful fundraising efforts for FalconX, securing backing from top-tier investors such as GIC, Tiger Global Management, Thoma Bravo, B Capital, and Wellington Management. Prior to FalconX, he held roles in trading, product, and business development at CoinCircle and SoFi.
Mr. Reid holds a degree from the University of Southern California.
Greg Tusar – VP, Institutional Product, Coinbase
Mr. Tusar is leading the development of Coinbase’s efforts in areas such as prime brokerage and custody, financing, and its exchange. He joined Coinbase from Tagomi Systems, where he was co-founder and CTO. Coinbase acquired Tagomi in August 2020 to expand its Institutional offerings.
Prior to founding Tagomi in 2017, Mr. Tusar was Head of Global Execution Services and Platforms at KCG Holdings, responsible for its retail market making and institutional efforts. Mr. Tusar joined KCG in August 2013 from Goldman Sachs, where he spent 13 years, including as a partner and global head of the firm’s equities electronic trading business. Mr. Tusar helped Goldman Sachs expand its electronic trading franchise working closely with institutions to help improve their execution costs, and also helped the firm invest in and shape industry infrastructure including several exchanges and technology providers.
Mr. Tusar was previously a limited partner at Spear, Leeds and Kellogg (SLK) when Goldman Sachs acquired the firm in 2000. He also worked for seven years at TLW Securities, including as its Chief Executive Officer, before it was acquired by SLK in 1999. He began his career at Mentor Graphics, an electronic design automation firm.
Last Reviewed or Updated: April 14, 2025
