• Source: Chamber of Digital Commerce

      • 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.


      History


      Headquartered 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. In 2015, economist and former JPMorgan Chase executive Blythe Masters was appointed to the advisory board.
      In December 2019, former chairman of the Commodity Futures Trading Commission Christopher Giancarlo was appointed to the advisory board of the chamber.
      The chamber is also interested in patent applications, particularly those filed by China concerning the digital industry.
      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.


      PAC (political action committee)


      In 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.” To date, however, the PAC has only raised $10,000 of which only $2,700 has been contributed to a candidate.


      References




      External links


      Official website

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