The Chamber of Digital Commerce Gets Approved by IRS; Announces First Congressional Bitcoin Panel
Digital currency lobby group the Chamber of Digital Commerce receives approval from the Internal Revenue Service as a tax-exempt non-profit organization. On September 30, the Chamber of Digital Commerce announced it had received recognition from the U.S tax authority the IRS as a tax-exempt non-profit organization under the IRS Code Section 501 (c)(6) that classifies business leagues, chambers of commerce, real estate boards, boards of trade, and professional football leagues, which are not organized for profit, from paying taxes. In a press release, the Digital Chamber's President and....
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The Chamber of Digital Commerce (CDC) held Congressional Bitcoin Education Day today, a Washington, DC-based event aimed at fostering awareness of bitcoin and its related technology among Congressional staff members in US Congress. The event saw more than 30 bitcoin professionals from 12 states meet with the staff of six US congressional committees, including those on Financial Services. Science, Space and Technology. Agriculture. Small Business. Energy and Commerce; and Ways and Means. Speaking to CoinDesk, CDC president Perianne Boring framed the event as part of its ongoing effort to....
Just yesterday, we reported that the Chamber of Digital Commerce together with the Heritage Foundation would be holding a discussion panel on the topic of bitcoin and digital currency. Today, we're learning that the Chamber of Digital Commerce has received approval from the Internal Revenue Service (IRS) as a tax-exempt, not-for-profit organization under 501(c)(6) of the Internal Revenue Code. What this means is that the Chamber of Digital Commerce is not recognized federally as a business league that promotes both digital currency itself, and the growing industry behind it, as noted in a....
Some news hitting our inbox from the Chamber of Digital Commerce this afternoon. Both the Chamber of Digital Commerce and the Heritage Foundation are expected to hold a discussion surrounding the topic of bitcoin on October 1st at 10:30 a.m. at the Heritage Foundation Lehrman Auditorium in Washington, D. C. The Chamber's Founder and President, Perianne Boring, will be joined by Carol Van Cleef (Partner at Manatt, Phillips and Phillips), George Gilder of The Discovery Institute, and Norbert J. Michel of The Heritage Foundation. The discussion panel will cover the following topics: What is....
Note: Some minor corrections were made to this article shortly after publishing, further clarifying that the volunteers were not lobbying Congressional Members. The newly established Chamber of Digital Commerce descended on Washington D.C. on Friday with volunteers coming in from as far away as Texas and Florida. They handed out information to every Congressional Office on the hill, making sure that every member of Congress at least has had the opportunity to learn about Bitcoin and digital currencies. Full Disclosure: I attended the event as a participant. With 535 voting members of....
The Chamber of Digital Commerce goes to bat for a spot bitcoin ETF in The US. Plus, it goes for Chairman Gensler’s throat. The organization doesn’t mince words in the report titled “The Crypto Conundrum. Why Won’t the SEC Approve a Bitcoin ETF?” The Chamber of Digital Commerce argues that all of the standards that […]