News
Crypto advocates The Digital Chamber has backed Nvidia in a Supreme Court fight with investors, saying the court’s decision could affect the entire crypto industry.
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Chamber of Digital Commerce News
The Chamber of Digital Commerce is an advocacy group that promotes and supports blockchain technology, virtual currency and the digital assets industry. The organization was founded in 2014 by Perianne M. Boring and the CDC is currently based in Washington, D.C. In 2014, the chamber received the status of being a nonprofit organization from the Internal Revenue Service. In accordance with the official website, the organization made a lot of progress over three years in working with the crypto industry and the policy community, so the next step was launching an affiliate organization in 2017, called the Foundation of the Chamber of Digital Commerce, a blockchain technology and digital assets research sponsor.
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The Chamber of Digital Commerce proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate to prevent errors and ensure accurate reporting.
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With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts.
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The new advocacy group already represents over half the country’s Bitcoin hash rate and will seek to shape energy policy and champion Bitcoin and blockchain.
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The Chamber of Digital Commerce has urged Congress to set up a Digital Asset and Blockchain Technology Solarium Commission to develop crypto regulation.
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The Chamber of Digital Commerce has accused the SEC of trying to impose securities regulations via the “back door” of an insider trading lawsuit.
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The exchange has come under increasing pressure from critics after the collapse of its rival, FTX.
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The Chamber of Digital Commerce asked to file an amicus brief in the protracted SEC case against Ripple Labs and supports legislating to clear up a legal gray area.
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“As the SEC continues to stonewall, the United States continues to fall further behind other countries as capital that would have been invested in the United States," said the CDC.
2174 - Regulations
The stablecoin market is valued at over $130 billion and growing rapidly, putting federal regulators on high alert over systemic risk.
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In the Senate, Loeffler will reportedly help oversee the Commodity Futures Trading Commission (CFTC), a potential conflict of interest given that her husband’s company is regulated by the CFTC.
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A new debate emerges over the nature of digital assets and if they should be treated separately from the circumstances of their offering and sale.
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J. Christopher Giancarlo, ex-CFTC chairman aka “Crypto Dad” has started a think tank to promote the blockchain-based U.S. dollar.
4636 - Press Release
Non-profit Organization Launches to Support Blockchain Research & Education.
The US government and Chamber of Digital Commerce are heading the first ever Blockchain trade mission to Dubai.
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