Chamber of Digital Commerce explained

The Digital Chamber
Founder:Perianne Boring
Focus:Business advocacy
Method:Political lobbying, Advocacy, Public relations

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]

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.[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]

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.”[9] [10] [11] [12] To date, however, the PAC has only raised $10,000 of which only $2,700 has been contributed to a candidate.[13] [14]

Notes and References

  1. Web site: Bitcoin Breakthrough as Chamber of Digital Commerce Opens in US. Anthony Cuthbertson. July 21, 2014. International Business Times UK.
  2. News: Mellon joins bitcoin advocacy group. Megan R. Wilson. November 24, 2014. The Hill.
  3. Web site: Bitcoin regulation: Chamber of Digital Commerce talks about enlisting former JP Morgan chief Blythe Masters. Ian Allison. July 3, 2015. International Business Times UK.
  4. News: Blockchain Technology Gets a Hearing Inside the Fed's Headquarters.
  5. Web site: Chamber of Digital Commerce Receives IRS Recognition. https://web.archive.org/web/20160409132517/https://www.highbeam.com/doc/1G1-389027976.html. dead. April 9, 2016. staff. October 16, 2014. Politics & Government Week .
  6. Web site: Board of Advisors . Chamber of Digital Commerce.
  7. Web site: Chamber of Digital Commerce Receives IRS Recognition. dead. December 2, 2019. staff. October 16, 2014. Politics & Government Week . December 2, 2019. https://web.archive.org/web/20191202201832/https://www.forbes.com/sites/michaeldelcastillo/2019/12/02/former-cftc-boss-says-vatican-letter-prepared-him-to-be-crypto-dad/#bff2cad4b4ca.
  8. Web site: 2 September 2022. Perianne Boring. Marc Kaufman. n.d.. en. Blockchain: The Breakthrough Technology of the Decade and How China Is Leading the Way – An Industry White Paper. Chamber of Digital Commerce.
  9. News: Bitcoin lobby launches spending PAC. Julian Hattem. August 25, 2014. The Hill.
  10. Web site: Bitcoin group descends on Congress. Julian Hattem. August 29, 2014. The Hill.
  11. Web site: Bitcoin Education Day on Capitol Hill. Brenan Salgado. September 5, 2014. Vanderbilt Journal of Entertainment & Technology Law. Vanderbilt Law School.
  12. Web site: Politics News: The Bitcoin Lobby Has Launched Their Own PAC. Tess VandenDolder. August 24, 2014. DC Inno. Streetwise Media. August 13, 2016. September 11, 2016. https://web.archive.org/web/20160911155619/http://dcinno.streetwise.co/2014/08/25/the-bitcoin-lobby-has-launched-their-very-own-pac-to-fight-regulation/. dead.
  13. Web site: FEC Disclosure Report Search Results. docquery.fec.gov. 2017-01-25.
  14. Web site: FEC Disclosure Report Search Results. docquery.fec.gov. 2017-01-25.

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