Fintech, Privacy, and Developing a Federal Digital Dollar

March 3, 2021

1:30 PM – 5:00 PM

Location:  Updated link:

Click here for a printable invitation to the event.

Click here for a printable list of the presenters with biographies.

CLE Credit Available. The Journal of International Law and Business Symposium on March 3rd, 2021 has been approved for 2.25 general CLE credits in Illinois. To receive credit, please fill out this survey by Friday, March 26th, 2021. Late requests for credit cannot be accommodated. This program was only accredited in Illinois. If you require credit in another state, there is an option on the survey to request an attendance certificate to use when self-applying for credit in other states. With questions regarding CLE credit, please contact


Fintech And Privacy: 1:35PM – 2:35PM

  • Andrew Hinkes, Attorney,  Carlton  Fields
  • Duane Pozza, Partner, Wiley
  • Elizabeth  Khalil, Managing Director  and  Associate  General  Council  at  CIBC

Keynote Speaker, Justin Steffen: The ‘Price’ of Privacy: 2:40PM-3:40PM

Data has become ubiquitous. Our every move, every purchase, and every communication is captured, analyzed, and monetized. As society seeks to manage this deluge of data, privacy is seen as one of the last bulwarks safeguarding our liberty in the digital age. But what does the generic right truly entail and what is the price of preserving it? In his talk, Professor Steffen examines the “Price of Privacy.” First, Professor Steffen will highlight the multifaceted nature of privacy rights (financial, association, communication, health, image, seclusion) and the historical evolution of privacy. Then, Professor Steffen will examine the legal underpinnings of modern privacy rights and articulate his own theory as to the meaning of modern privacy. Third, Professor Steffen will talk about the economic value attributed to individual privacy and the costs associated with losing our privacy. Finally, Professor Steffen will suggest means to evaluate and preserve privacy protections in our data-rich digital economy.

Following the talk, Professor Steffen will participate in a moderated question and answer session, proctored by Blake Hooper.

Developing a Federal Digital Dollar: 3:45PM-5:00PM

  • Colleen Sullivan, Co-founder, CEO, CMT Digital
  • Linda Jeng, Global Head of Policy at Fintech start-up Transparent
  • David Mills, Associate Director, Board of Governors of the Federal Reserve System, Washington D.C.
  • Daniel Gorfine, Founder, Gattaca Horizons LLC, Co-founder, Digital Dollar Project
This image has an empty alt attribute; its file name is pexels-karolina-grabowska-5980566-1024x683.jpg
Photo by Karolina Grabowska from Pexels


Andrew HinkesAttorney,  Carlton  Fields

Nominated as one of Coindesk’s Most Influential People in Blockchain in 2017, Andrew “Drew” Hinkes is an attorney with Carlton Fields, working as part of its National Blockchain and Digital Currency practice.
Drew was appointed as an Adjunct Professor by the NYU Stern Business School and the NYU School of Law, where he co-teaches “Digital Currency, Blockchains, and the Future of the Financial Services Industry.” Drew is also the co-founder and General Counsel of Athena Blockchain, a professional services firm focused on tokenized investment products. Since 2019, Drew has been involved in law reform organizations serving as an observer for
Uniform Law Commission/American Law Institute, Uniform Commercial Code and Emerging Technologies Digital Assets Working Group and the UNIDROIT Working Group on Digital Assets and Private Law. Mr. Hinkes is frequently quoted and cited in articles related to digital assets and blockchain technology, and regularly speaks at legal, industry, and academic conferences and symposia.

Duane Pozza, Partner, Wiley

Duane Pozza is a partner at Wiley in Washington, DC and co-chair of the firm’s FTC practice. He advises clients on complex legal and regulatory issues involving emerging technologies, including privacy and data governance, advertising law, competition matters, and consumer financial laws and regulations. Duane has extensive experience working on legal issues involving cutting edgetech innovation, including fintech, artificial intelligence(AI), Internet of Things (IoT), mobile payments, and blockchain. Prior to joining Wiley, Duane was an Assistant Director in the Division of Financial Practices at the FTC. He is a graduate of the University of Texas at Austin and Stanford Law School.

Elizabeth  Khalil, Managing Director  and  Associate  General  Council  at  CIBC

Elizabeth Khalil is a Managing Director and Associate General Counsel at CIBC in Chicago, where she leads legal support for all of CIBC Bank USA’s retail and consumer activities, manages the paralegal team that responds to legal process in the US, and serves as CIBC’s Chief Privacy Counsel for its US Region. She was previously a federal banking regulator in Washington, DC, first at the OCC, where she was an enforcement attorney and served on the interagency teams that wrote regulations implementing the FACTAct, and at the FDIC, where she led the interagency working group that created the FFIEC Social Media Guidance. She was also a senior associate at Hogan Lovells, and a partner at Dykema Gossett. She is the author of a forthcoming American Bar Association treatise on US financial privacy and data security. She graduated from Georgetown University and the University of Michigan Law School.

Justin Steffen, Litigation Partner, Ice Miller LLP, and Adjunct Professor of Law at Northwestern Pritzker School of Law

Justin Steffen is a litigator, technologist, and part-time academic focused on the intersection of law and the digital economy. He is a litigation partner at Ice Miller LLP in Chicago and an adjunct professor of law at Northwestern Law School where he teaches Financial and Emerging Technologies and the Law. He routinely represents lenders, banks, payments companies, and digital currency businesses navigating the obstacles to innovation and is a frequent speaker and writer on topics ranging from privacy to algorithmic lending to digital currencies. For his contributions, he has been recognized as a Fintech and Cryptocurrency Trailblazer by the National Law Journal, and he is an oft-cited authority on myriad FinTech issues.

Colleen Sullivan, Co-founder, CEO, CMT Digital

Colleen Sullivan is Co-Founder and CEO of CMT Digital Holdings LLC and has been a partner with the broader CMT Group since 2013. Ms. Sullivan oversees CMT Digital’s trading, investments, and regulatory initiatives in the crypto assets / blockchain technology space. Ms. Sullivan is also a Co-Founder and Managing Member of Sullivan Wolf Kailus LLC, a boutique law firm based in Chicago that specializes in hedge fund, privateequity, venture capital, digital assets, and other alternative investment products. Ms. Sullivan previously practiced law in the Investment Funds and Derivatives group at Sidley Austin LLP and, at age 25, co-founded a company called iOptions Group LLC, which developed hedging and monetization strategies for holders of employee stock options. Ms. Sullivan currently serves on the Board of Directors of Silvergate Bank and on the Advisory Board of the Chamber of Digital Commerce.

Founder, Gattaca Horizons LLC, Co-founder, Digital Dollar Project

Daniel Gorfine is the founder of Gattaca Horizons LLC, a boutique fintech advisory firm. Gorfine also currently serves as an Adjunct Professor of Law at the Georgetown University Law Center and is a co-founder of the Digital Dollar Project. He previously served as the U.S. Commodity Futures Trading Commission’s first Chief Innovation Officer and Director of LabCFTC. Prior to the CFTC, Gorfine was Vice President, External Affairs & Associate General Counsel at OnDeck. Gorfine also previously served as Director of Financial Markets Policy and Legal Counsel at the Milken Institute think tank, and earlier in his career worked at the international law firm Covington & Burling LLP. Gorfine also served a clerkship with U.S. District Court Judge Catherine C. Blake in the District of Maryland. A graduate of Brown University (A.B.), Gorfine holds a J.D. from George Washington University Law School and an M.A. from the Paul H. Nitze School for Advanced International Studies (SAIS) at Johns Hopkins University.

David Mills, Associate Director, Board of Governors of the Federal Reserve System, Washington D.C.

David Mills is an Associate Director at the Board of Governors of the Federal Reserve System – Division of Reserve Bank Operations and Payment Systems, Washington, District of Columbia. He has responsibilities for the Board’s innovations in payments, retail payments, and payments economic research programs. David has been studying developments in digital currencies and distributed ledger technologies for several years, has contributed to international work on the topics, and leads several Federal Reserve policy and research teams in the areas of digital innovations. He has published articles related to payments and monetary theory in a variety of journals including the Journal of Monetary Economics, the International Economic Review, the Review of Economic Dynamics and Macroeconomic Dynamics. He received his Ph.D. in Economics from the Pennsylvania State University and has a B.A. in Economics and Classical Languages from Duquesne University in Pittsburgh, Pennsylvania.

Linda Jeng, Global Head of Policy at Fintech start-up Transparent

Linda Jeng is the Global Head of Policy & Special Counsel at the fintech startup, Transparent, where she leads policy, regulatory and product strategy. She is also a Visiting Scholar on Financial Technology and Adjunct Professor of Law at Georgetown University Law Center. Her research interests include open banking, digital currencies, data rights and customer liability. Previously, she was with the Federal Reserve Board of Governors as well as the Financial Stability Board based in Basel, Switzerland. At the Fed, she chaired the Basel Committee’s working group on open banking. She devoted most of her career to financial stability and Too-Big-To-Fail regulatory reform, including working on the Dodd-Frank Act at the U.S. Senate and on G20-led international initiatives at the U.S. Treasury Department. Professor Jeng has worked at the Securities & Exchange Commission, the Office of the Comptroller of the Currency, and a global bank in Paris. She has a J.D. from Columbia Law School, a Master of Advanced Studies from Université de Toulouse, France, and a B.A. from Duke University.

Past Symposia

(2020) Symposium on Artificial Intelligence Entering the Legal Profession

(2019) Symposium on Foreign Direct Investment