The famous twin brothers Tyler and Cameron Winklevoss, who in December 2017 became the world's first confirmed by cryptocurrency billionaires (according to the value of their cryptocurrency assets at that time), intend to create a self-regulating organization of the Virtual Commodity Association for monitoring crypto-exchanges and platforms in the US. The organization will monitor the crypto-currency business, as well as develop industry standards and increase transparency in working with regulators, including the Commodity Futures Trading Commission (CFTC), and will prevent fraud.