Chamber of Digital Commerce CEO Perianne Boring issued the statement below following the release of
President Biden’s Executive Order on Digital Assets.
Today’s Executive Order on Ensuring Responsible Development of Digital Assets represents a much-needed step toward putting in place coordinated and comprehensive policies that will support the growth of the U.S.-based blockchain and digital asset markets and put in place the necessary rules of the road that protect consumers, investors, and innovators alike.
We look forward to working closely with Secretary Yellen and the interagency partners focused on the Executive Order’s execution and share in their vision to promote a fairer, more inclusive, and more efficient financial system, while working to counter illicit finance and prevent risks to financial stability and national security.
The Chamber is pleased to see that many of the tenets outlined in its 2019 “National Action Plan for Blockchain,” have influenced today’s announcement, and we look forward to ongoing collaboration through the process laid out in the Executive Order.
Building upon blockchain technology is a once in a lifetime opportunity and this Executive Order offers us a historic opportunity to develop policies that both encourage innovation and adoption of blockchain and digital assets and begin to set a regulatory framework that offers clarity to the industry and certainty to investors and other players in the marketplace.
The Chamber of Digital Commerce appreciates the effort of the Biden Administration to consider the views of the blockchain industry invested in these issues, and looks forward to ongoing engagement as the process to develop a policy framework moves forward.