The Digital Chamber, formally The Chamber of Digital Commerce, is an American advocacy group that promotes the emerging industry behind blockchain technology, bitcoin, digital currency and digital assets.[1][2][3][4]
| Founder | Perianne Boring |
|---|---|
| Focus | Business advocacy |
| Method | Political lobbying, Advocacy, Public relations |
| Website | digitalchamber |
History
editHeadquartered in Washington, D.C., the organization was founded in July 2014 by Perianne Boring. In October 2014, the chamber received 501(c)(6) non-profit status from the Internal Revenue Service.[5] In 2015, economist and former JPMorgan Chase executive Blythe Masters was appointed to the advisory board.[6]
In December 2019, former chairman of the Commodity Futures Trading Commission Christopher Giancarlo was appointed to the advisory board of the chamber.[7]
The chamber is also interested in patent applications, particularly those filed by China concerning the digital industry.[8]
In 2024, the chamber advocated for the passage of "a clear regulatory framework" on stablecoins to keep the U.S. dollar strong in the digital economy. In a 2024 report, it noted how USD-linked stablecoins are becoming popular for payments and remittances, especially in unstable markets. The chamber has pushed for allowing both banks and non-banks to issue stablecoins, setting strict rules for reserves, and making systems compatible.[9]
PAC (political action committee)
editIn August 2014, political news site The Hill reported that the Chamber had registered a political action committee with the United States Federal Election Commission. As The Hill piece noted, “formation of the PAC is a sign of increasing maturity for Bitcoin and a signal that politicians could face political pressure to support virtual currencies.”[10][11][12][13] To date, however, the PAC has only raised $10,000 of which only $2,700 has been contributed to a candidate.[14][15]
References
edit- ^ Anthony Cuthbertson (July 21, 2014). "Bitcoin Breakthrough as Chamber of Digital Commerce Opens in US". International Business Times UK.
- ^ Megan R. Wilson (November 24, 2014). "Mellon joins bitcoin advocacy group". The Hill.
- ^ Ian Allison (July 3, 2015). "Bitcoin regulation: Chamber of Digital Commerce talks about enlisting former JP Morgan chief Blythe Masters". International Business Times UK.
- ^ "Blockchain Technology Gets a Hearing Inside the Fed's Headquarters".
- ^ staff (October 16, 2014). "Chamber of Digital Commerce Receives IRS Recognition". Politics & Government Week. Archived from the original on April 9, 2016.
- ^ "Board of Advisors". Chamber of Digital Commerce.
- ^ staff (October 16, 2014). "Chamber of Digital Commerce Receives IRS Recognition". Politics & Government Week. Archived from the original on December 2, 2019. Retrieved December 2, 2019.
- ^ Perianne Boring; Marc Kaufman (n.d.). "Blockchain: The Breakthrough Technology of the Decade and How China Is Leading the Way – An Industry White Paper" (PDF). Chamber of Digital Commerce. Retrieved 2 September 2022.
- ^ "The Digital Chamber report: U.S. should use stablecoins to promote USD dominance in digital economy". Monetary Brief. Retrieved 2024-11-18.
- ^ Julian Hattem (August 25, 2014). "Bitcoin lobby launches spending PAC". The Hill.
- ^ Julian Hattem (August 29, 2014). "Bitcoin group descends on Congress". The Hill.
- ^ Brenan Salgado (September 5, 2014). "Bitcoin Education Day on Capitol Hill". Vanderbilt Journal of Entertainment & Technology Law. Vanderbilt Law School.
- ^ Tess VandenDolder (August 24, 2014). "Politics News: The Bitcoin Lobby Has Launched Their Own PAC". DC Inno. Streetwise Media. Archived from the original on September 11, 2016. Retrieved August 13, 2016.
- ^ "FEC Disclosure Report Search Results". docquery.fec.gov. Retrieved 2017-01-25.
- ^ "FEC Disclosure Report Search Results". docquery.fec.gov. Retrieved 2017-01-25.