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]

References

  1. ^ Anthony Cuthbertson (July 21, 2014). "Bitcoin Breakthrough as Chamber of Digital Commerce Opens in US". International Business Times UK.
  2. ^ Megan R. Wilson (November 24, 2014). "Mellon joins bitcoin advocacy group". The Hill.
  3. ^ Ian Allison (July 3, 2015). "Bitcoin regulation: Chamber of Digital Commerce talks about enlisting former JP Morgan chief Blythe Masters". International Business Times UK.
  4. ^ "Blockchain Technology Gets a Hearing Inside the Fed's Headquarters".
  5. ^ staff (October 16, 2014). "Chamber of Digital Commerce Receives IRS Recognition". Politics & Government Week. Archived from the original on April 9, 2016.
  6. ^ "Board of Advisors". Chamber of Digital Commerce.
  7. ^ staff (October 16, 2014). "Chamber of Digital Commerce Receives IRS Recognition". Politics & Government Week. Archived from the original on December 2, 2019. Retrieved December 2, 2019.
  8. ^ Perianne Boring; Marc Kaufman (n.d.). "Blockchain: The Breakthrough Technology of the Decade and How China Is Leading the Way – An Industry White Paper" (PDF). Chamber of Digital Commerce. Retrieved 2 September 2022.
  9. ^ Julian Hattem (August 25, 2014). "Bitcoin lobby launches spending PAC". The Hill.
  10. ^ Julian Hattem (August 29, 2014). "Bitcoin group descends on Congress". The Hill.
  11. ^ Brenan Salgado (September 5, 2014). "Bitcoin Education Day on Capitol Hill". Vanderbilt Journal of Entertainment & Technology Law. Vanderbilt Law School.
  12. ^ Tess VandenDolder (August 24, 2014). "Politics News: The Bitcoin Lobby Has Launched Their Own PAC". DC Inno. Streetwise Media. Archived from the original on September 11, 2016. Retrieved August 13, 2016.
  13. ^ "FEC Disclosure Report Search Results". docquery.fec.gov. Retrieved 2017-01-25.
  14. ^ "FEC Disclosure Report Search Results". docquery.fec.gov. Retrieved 2017-01-25.

External links