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Statement from the Chamber of Digital Commerce on the release of the President’s Working Group (PWG) on Financial Markets “Report on Stablecoins” November 1, 2021 “We are pleased to see that The President’s Working Group (PWG) report notes the important role stablecoins can play in faster, more efficient and resilient payment systems, and the need […]
Chamber of Digital Commerce Submits Open Letter to President’s Working Group on Stablecoins October 19, 2021 Stablecoins Do Not Pose Systemic Risk to the Financial System and are Not Securities In recent weeks the President’s Working Group on Financial Markets has been developing regulatory recommendations for stablecoin payments systems. In an effort to contribute to […]
Chamber Statement on the DOJ’s Announcement of the Launch of the National Cryptocurrency Enforcement Team October 7, 2021 As crypto continues to mainstream, being accessed by exponentially more users every day, it’s imperative we mitigate the risks from illicit actors. Money laundering and ransomware are not new threats. However, as the use of crypto grows, […]
Chamber Statement on Clarity for Digital Tokens Act of 2021 Introduced by Ranking Member Patrick McHenry
Chamber statement on Clarity for Digital Tokens Act of 2021 introduced by Ranking Member Patrick McHenry October 5, 2021 The Chamber of Digital Commerce applauds Ranking Member Patrick McHenry for his leadership in introducing today’s legislative proposal that provides a safe harbor framework for blockchain innovators creating and issuing digital tokens as they develop their […]
Chamber Responds to Basel Committee on Prudential Treatment of Cryptoasset Exposures October 1, 2021 Known as the Bank for Central Banks, the Bank for International Settlements (BIS) is owned by 63 central monetary authorities representing more than 95% of the worlds’ GDP. Its influence on international monetary policy cannot be understated. Recently, the BIS Basel […]
Chamber to IRS: Tax Payers Need Guidance on Crypto Tax Rules May 17, 2021 Over the past five years, the Internal Revenue Service (IRS) has significantly increased enforcement actions against taxpayers who transact in digital assets. But, while ratcheting up its enforcement, the IRS has not provided meaningful guidance on how to comply with tax […]
Proof of Reserves – Establishing Best Practices to Build Trust in the Digital Assets Industry May 4, 2021 Download Report Background: As the digital assets industry has developed, both consumers and institutional investors have relied on large custodians, exchanges, and other intermediaries to custody their assets. These intermediaries are entrusted with maintaining adequate digital asset […]
Chamber of Digital Commerce and Texas Blockchain Council Publish Texas Edition of State Legislator’s Toolkit
As other countries continue to lead in the rapidly growing digital asset industry, now is the time for the United States to build and maintain clear and uniform regulatory framework across agencies to position this industry for success in the coming decades.
An open letter to the Biden-Harris Administration
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