Author: Nicole Rankin

The Consumer Financial Protection Bureau recently withdrew its interpretive rule on the Electronic Fund Transfer Act and its related Regulation E that would have brought serious implications to self-hosted wallets and blockchain gaming platforms. 

TDC’s Gaming Workstream, in effort with our partners at the Blockchain Game Alliance, submitted comments to the CFPB in March outlining how the rule, which miscategorized self-hosted wallets as “financial accounts” operated by “financial institutions” was technically incorrect and would place onerous and undue regulatory burdens on self-hosted wallet providers and gaming platforms. If this miscategorization had been implemented, self-hosted wallet providers and blockchain gaming platforms would have been subject to significant KYC requirements and counterparty transaction data collection and reporting practices. 

Self-hosted wallets don’t collect counterparty information, and blockchain gaming platforms — which standardize a “bring your own wallet” approach — do not collect or have access to this data either. In practice, the rule misunderstood how this setup and the technology behind self-custody function and would have applied rules meant specifically for financial intermediaries to non-intermediated technology providers, giving wallet providers and gaming platforms no way to comply. We are pleased to see the CFPB now recognizes this key distinction. 

See the announcement here.

If you have any questions, please reach out to policy@digitalchamber.org

Washington, D.C. – The Digital Chamber (TDC), the Nation’s voice for the blockchain industry, today released the U.S. Blockchain Roadmap: a bold policy framework to ensure the United States remains the global leader in economic competitiveness, national security, and digital innovation. 

Blockchain is more than a financial innovation—it is foundational infrastructure for the digital age. From modernizing financial systems and securing energy independence to strengthening cybersecurity and supply chains, blockchain technology will underpin the next era of American power and prosperity. 

This roadmap provides a strategic blueprint for Congress and the White House to lead in blockchain development and harness its full potential to advance core national priorities. 

The release of the roadmap follows last week’s leadership transition announcement, in which Founder Perianne Boring was named Chair of the Board of Directors and President Cody Carbone was announced as incoming CEO, effective in April. The paper builds on that transition by outlining the organization’s long-term vision for national blockchain leadership and a bold policy agenda for the future. 

“This roadmap is a call to action,” said Cody Carbone, President and incoming CEO. “It lays out a clear plan for how policymakers can embrace blockchain to solve the U.S.’ most pressing issues. TDC is equipped right now to lead the charge in Washington to enact these changes.” 

The U.S. Blockchain Roadmap includes policy recommendations across six pillars: 

• Strengthening financial stability through digital assets 
• Protecting financial freedom and decentralization 
• Leading global capital markets with regulatory clarity 
• Advancing energy security through Bitcoin mining 
• Modernizing the U.S. banking system 
• Exploring blockchain applications for government innovation and national security 

The roadmap also calls for the enactment of the BITCOIN Act, passage of stablecoin legislation, the development of a self-regulatory organization for digital assets, a reform of the Federal Reserve’s master account process, an overhaul of the Bank Secrecy Act to protect American privacy, and a number of other policy recommendations. The framework also proposes the creation of an R&D fund to explore how blockchain can enhance government operations, improve fiscal oversight, and strengthen national security.  

“For the first time, we have the political will and alignment necessary to lead in the digital asset era,” said Perianne Boring, Founder and CEO of The Digital Chamber, and incoming Chair of the Board. “This roadmap provides the strategic direction to turn momentum into action and ensure the United States leads the world in blockchain innovation.” 

The release of the roadmap comes ahead of the DC Blockchain Summit, where Boring and Carbone will outline The Digital Chamber’s vision during a fireside chat titled “Beyond Defense: The Digital Chamber’s Vision for the Next Decade.”

The U.S. Blockchain Roadmap is already earning broad support across the industry. Leading voices from The Digital Chamber’s membership and the broader blockchain ecosystem shared their endorsements of this vision:

“This roadmap is exactly what the United States needs to secure its place as the dominant nation for digital asset innovation and to become the Bitcoin Superpower of the World. The Digital Chamber is leading the way to achieve meaningful reforms in Washington, D.C. that will allow us to win the ‘space race’ for the future of finance.” – Jason Les, CEO, Riot Platforms, Inc.

The U.S. Blockchain Roadmap isn’t just a policy document—it’s a turning point. For the first time, there’s real momentum in Washington to back builders instead of blocking them. At Cryptex, we’ve spent years proving that decentralized finance can be secure, scalable, and meaningful. This roadmap gives innovators the oxygen we need to lead—not just in crypto, but in the future of global finance itself.” – Joseph Sticco, Co-Founder, Cryptex Finance

“It’s a pivotal moment for our industry as the U.S. charts a clear course for blockchain and digital asset policy. We welcome this roadmap as a strong step toward greater regulatory clarity – benefiting innovators, investors, and users globally.” – Dominik Schiener, Chairman of the Board of Directors, IOTA Foundation

“The Blockchain industry has transitioned from an esoteric consideration to impacting mission critical infrastructure. This roadmap couldn’t be coming at a better time and from a better institution and Constellation fully supports The Digital Chamber in this effort.” – Ben Jorgensen, CEO, Constellation Network 

“Zero Hash fundamentally believes that digital assets are a technology, not an asset class. As such, we’re aligned with the Chamber’s US Blockchain Roadmap, which, at its core, represents this truth. The U.S. needs to modernize its financial services laws and clarify the regulatory lines associated with the deployment of digital asset technology to further solidify the United States as the crypto capital of the world and to further ready our economy for the next digital revolution.” – Edward Woodford, Founder and CEO, Zero Hash 

“Bitcoin mining is a critical pillar of U.S. energy security and technological leadership. This roadmap lays out a strong vision to ensure clear, consistent regulations, promote energy abundance, and safeguard American dominance in this strategic sector. Strengthening domestic mining capacity not only secures our financial sovereignty but also fortifies national security by reducing reliance on foreign-controlled digital infrastructure. This is the bold action we need to maintain our leadership in the global digital economy.” – Fred Thiel, CEO and Chairman, MARA

“I’m excited to be part of the momentum around finally getting positive motion on regulatory clarity for crypto.” – Katherine Dowling, General Counsel and Chief Compliance Officer, Bitwise Asset Management, Inc.

“As we enter the golden age of financial innovation, it’s imperative that blockchain remains at the forefront of American strategic policy. Blockchains will improve transparency, privacy rights, and innovation in all of our digital systems, and this roadmap is an excellent start in turning that vision into a reality.” – Tarek Mansour, CEO, Kalshi

“CleanSpark is proud to stand alongside The Digital Chamber in advocating for the industry and supporting the U.S. Blockchain Roadmap as a vital guide for advancing a new digital economy. As America’s Bitcoin Miner®, CleanSpark views Bitcoin as both a global asset and a local business — one that drives financial stability while staying decentralized, enhances power grid resilience across the nation, and promotes economic growth in rural communities. The future is happening now.” – Zachary Bradford, CEO and President, CleanSpark 

“The Digital Chamber’s Blockchain Roadmap 2025 offers important guidance on how the United States can lead by example, protecting the financial freedoms of all who decide to participate within the decentralized financial revolution, enabling the potential for modern economic prosperity, however doing so with clear regulatory guidance where recently there was none. On this brave new road towards President Trump’s envisioned ‘Golden Age’, we at Unicoin, a US publicly reporting cryptocurrency company, will proudly play our part in helping to ensure that America becomes the Crypto Capital of the planet.”  – Alex Konanykhin, CEO, Unicoin 

“Now is a pivotal moment for U.S. leadership in blockchain, digital innovation, and national security. This roadmap provides the necessary clarity and direction to help us lead rather than compete. Effective leadership demands vision, policy, and GRIT. The Digital Chamber’s efforts are crucial in this endeavor. We must prioritize blockchain to secure America’s role at the forefront of technological advancement.” – Mariela Dilev, CEO, GRIT Staffing & HR Solutions

“When you look at how breakthroughs really happen—whether it’s the printing press or the internet—they don’t come from working in silos. They come from unexpected collisions: between industries, between ideas, between people with radically different missions. At NDF, we’ve created a platform that does exactly that—aligned with the U.S. Blockchain Roadmap, but designed to provoke innovation through collaboration. By sharing talent and pooling R&D efforts, we’re not just reducing costs—we’re increasing the odds of serendipity, of that one idea that changes everything.” – Eric Adolphe, CEO, Forward Edge-AI, Inc. / National DigiFoundry (NDF)

For media inquiries or interviews, please contact digitalchamber@transformgroup.com. 

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About The Digital Chamber 
The Digital Chamber is the world’s leading trade association representing blockchain and digital asset innovators. Founded in 2014, the organization has shaped national policy, defended the industry during its most challenging periods, and secured bipartisan support for blockchain innovation. Today, The Digital Chamber is building the future of the digital economy through education, advocacy, and strategic engagement in Washington and around the world. 

Website: www.digitalchamber.org 

Washington, DC – January 23, 2025

The Digital Chamber (TDC) celebrates the Securities and Exchange Commission’s (SEC) decision, under the leadership of Acting Chair Uyeda, to rescind Staff Accounting Bulletin (SAB) 121. This marks a critical victory for the digital asset industry and institutional custody solutions, and we are proud of the pivotal role we played in achieving this outcome.

In 2024, TDC led legislative efforts to nullify SAB 121, championing H.R. Res. 109 – the first piece of digital asset legislation to pass both the U.S. House of Representatives and the Senate. While the resolution was ultimately vetoed by President Biden last year, the overwhelming bipartisan support underscored the urgency and importance of creating a balanced and partial regulatory environment for digital assets. Today’s announcement is a testament to the momentum and the progress achievable through industry collaboration and advocacy.

The repeal of SAB 121 was a cornerstone of TDC’s 2025 SEC Digital Asset Policy Priorities, and we are encouraged to see progress being made so early in the year. This action marks a significant step forward in removing barriers to digital asset adoption, while providing much-needed clarity and opportunity for institutional investors to confidently engage in the digital asset space.

We commend Acting Chair Uyeda, Commissioner Hester Peirce, and the newly created SEC Crypto Task Force for their commitment to driving responsible digital asset innovation. TDC looks forward to continuing our collaboration with these leaders to ensure that the United States remains at the forefront of digital asset policy and innovation.

For more details, visit the SEC’s announcement here.

Today is a historic moment for the United States and the future of financial innovation. President Trump’s executive order establishes the principles that will define America’s leadership in the digital asset economy, ensuring access to open public blockchain networks without persecution, supporting the development of groundbreaking software like smart contracts, and protecting vital public infrastructure. It reaffirms the rights of individuals and businesses to participate in mining and validating, transact peer-to-peer without unlawful censorship, and maintain self-custody of digital assets through unhosted wallets.

This executive order sets a bold and clear course for U.S. leadership. The Digital Chamber stands ready to work hand in hand with David Sacks and the President’s Working Group on Digital Asset Markets to ensure this transformative vision becomes reality. This is more than a policy moment—it’s the foundation of a brighter, freer, and more innovative economic future.

– Founder & CEO, Perianne Boring

We are delighted to congratulate our esteemed Board Advisor, Paul Atkins, on his nomination as Chairman of the U.S. Securities and Exchange Commission.

Mr. Atkins has been a pivotal ally in advancing our mission to develop robust, orderly, and fair digital asset markets. His dedication, insight, and leadership have been instrumental in shaping our efforts and vision for the future of the industry.

Mr. Atkins is the ideal choice to support President-elect Trump’s bold vision of establishing the United States as the global leader in digital asset innovation. We are confident his expertise and commitment will help pave the way for a thriving and forward-looking regulatory environment.

If you have any questions, please reach out to Policy@digitalchamber.org

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The Digital Chamber (TDC) strongly opposes the SEC’s latest lawsuit against Consensys, the creator of the MetaMask crypto wallet. This action, targeting DEX routing and staking services, is another troubling example of the SEC’s overreach. 
 
DeFi platforms like MetaMask’s Swaps and Staking democratize finance, providing greater autonomy, efficiency, and access to financial services. They empower the unbanked and underbanked, promoting financial inclusion and accessibility. The SEC’s claim against Consensys misinterprets the technology and stifles progress that could benefit millions.
 
The SEC’s repeated enforcement actions, without clear rules, violate their investor protection mandate and create market uncertainty. With the recent end of Chevron deference, this regulatory ambiguity should not stand. 
 
We stand with Consensys and the wider community in advocating for fair regulation that fosters innovation, protects investors, and promotes financial inclusion. Enough is enough—it’s time for the SEC to stop attacking the digital asset industry and embrace the future of finance.

The Digital Chamber is pleased to see H.R. 4763, the Financial Innovation and Technology (FIT) for the 21st Century Act has successfully passed the House with a vote of 279-136 and is now advancing to the Senate.  

The current regulatory environment in the U.S. has created uncertainty, driving businesses overseas, stifling innovation, and resulting in a loss of jobs and investment. This lack of regulatory clarity has allowed other jurisdictions to advance significantly in creating guidelines, leaving the U.S. behind. Addressing these issues, the FIT for the 21st Century Act establishes clear guidelines for the classification, trading, and regulation of digital assets while preserving and strengthening consumer protection.   

The passage of this bill is the result of over four years of dedicated policy work. The Digital Chamber has been instrumental in advancing this legislation through several key strategies: 

• Policy Development: Since 2020, we have worked with Congressional stakeholders to create comprehensive market structure legislation, initially introduced as the “Digital Commodity Exchange Act” in 2020.  
• Industry Engagement: We have collaborated with over 200 digital asset businesses over four years to weigh in on the legislative text, playing a key role in ensuring the bill promotes market integrity, protects consumers, and reduces the risk of fraud and manipulation. 
• Advocacy: The Digital Chamber has reached all 535 Members of Congress, urging the support of market structure legislation passage.  

The Digital Chamber’s Founder and CEO, Perianne Boring, said the following passage: 

“We are proud to see the FIT for the 21st Century Act passed with overwhelming bipartisan support. Today’s vote was not about the merits of crypto but instead was about acknowledging the need to create a safe market and trading environment for the over 50 million Americans using digital assets today.” 

We thank Congressmen G.T. Thompson (R-PA), French Hill (R-AR), Dusty Johnson (R-SD), Warren Davidson (R-OH) and Tom Emmer (R-MN) for their leadership and the leadership of the congressional staff who worked tirelessly to craft rules of the road for digital asset market participants, without compromising consumer protection.  

The Digital Chamber is committed to advocating for and educating about the FIT for the 21st Century Act as it moves to the U.S. Senate. Our goal is to see this pivotal legislation reach President Biden’s desk for signature.  

But, we still need your help. Here’s how you can take action:  
Call your Senator today at (202) 224-3121 and urge them to pass the FIT for the 21st Century Act. By taking this simple step, you’ll advocate for a brighter future for consumer protection, innovation, and job creation in the U.S. 

For media inquiries, please contact press@digitalchamber.org. 

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