US Commerce Dept. asks digital asset industry for input on competitiveness fr...
The federal agency received eight responses to a request for comment on a document mandated by U.S. President Joe Biden’s March 9 executive order on digital assets. Among the numerous reports and other written material mandated in United States President Joe Biden’s March 9 executive order “Ensuring Responsible Development of Digital Assets” is a framework for enhancing United States economic competitiveness in digital asset technologies, due from the Commerce Department on September 5. In preparation for that document, the Commerce Department requested public comments through July 5,....
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The DoC’s series of 17 questions is set to be published on May 19 and asks for comments from the public that will inform the department’s creation of a regulatory framework for crypto businesses. The US Department of Commerce is calling for submissions on how it can establish a framework that will bolster American economic competitiveness in digital assets including crypto and stablecoins.The Department of Commerce (DoC) intends on publishing a series of 17 questions in a request for comment through the International Trade Administration. The request will be published in the Federal....
The FDIC issued a request for public input to get more information on the industry and consumers’ interests in the market. The United States Federal Deposit Insurance Corporation is looking for information and public comments on banks' cryptocurrency-related activities.The FDIC is the major provider of deposit insurance to U.S. commercial and savings banks, originally created to address bank runs during the Great Depression. On Monday, the FDIC officially announced a request for public input to get more information on the industry and consumers’ interests in the market as well as the role....
The Chamber of Digital Commerce (Chamber) will be working with the Digital Currency Council (DCC) in order to strengthen their advocacy of promoting bitcoin education. With this initiative, the groups can provide education and training opportunities to Chamber members as part of their membership benefits. The Chamber of Digital Commerce is the Washington, DC-based trade association representing the digital asset and digital currency industry. The Digital Currency Council is the leading education center for professionals in the digital currency economy and provides certificate-level....
The FinCEN action against XRP II LLC (Ripple) took many by surprise early last month, although many in the Bitcoin community were not shocked to see an organization with such close ties to a digital token face backlash for "willful violations" of the Bank Secrecy Act (BSA) and failure to implement appropriate anti-money laundering (AML) procedures. The Chamber of Digital Commerce has been quick to gain an in-depth understanding of the action taken against Ripple Labs, and the Washington, D. C. -based trade association plans to discuss the implications of the regulatory action in a public....
Perianne Boring started the day off with a press release where she announced the Chamber of Digital Commerce. The digital asset industry is expected to grow to an estimated value in the trillion dollar range within the next five to seven years. This figure includes all the businesses associated within the industry, and such businesses need representation in government. The Chamber of Digital Commerce is a trade association based in Washington, DC that will advise public-policy makers in Bitcoin and digital assets. Karl Gray of StartJoin, the crowdfunding platform that aims to fund startups....