The Chamber of Digital Commerce will now have diverse opinions that will steer forward crypto regulations and adoption globally.
American leading blockchain and digital assets advocacy group Chamber of Digital Commerce has taken a step further by adding key players to its board members. First, the NGO listed former Acting White House Chief of Staff Mick Mulvaney to its board. Secondly, the Chamber of Digital Commerce added Visa Inc (NYSE: V), Goldman Sachs Group Inc (NYSE: GS) and SDX Digital Exchange to its Executive Committee.
This is a huge development both for the organization and the cryptocurrency industry that is seeking to be recognized by different governments as a legal industry.
Notably, the Chamber of Digital Commerce will now have diverse opinions that will steer forward crypto regulations and adoption globally.
“It’s important that when we have diverse views, because when you’re working on public policy, your work impacts everybody. It impacts the entire ecosystem. So you need to make sure you really understand the full scope of an industry and how potential policy could impact everybody,” said Perianne Boring, President and Founder of the organization.
One of the core missions for the organization is to lobby with the policymakers to formulate laws that are not only friendly to the cryptocurrency industry but also friendly to the consumers.
Chamber of Digital Commerce Strategic Move
In the recent appointments made by the Chamber of Digital Commerce, one can deduce the next step the organization is seeking.
First, Goldman Sachs is a successful American multinational investment bank and financial services company that is seeking to venture into the blockchain and cryptocurrency market to move forward.
According to Matthew McDermott, Goldman Sachs’ global head of digital assets, the company may soon launch its own stablecoin. In addition, the bank has backed several cryptocurrency projects including Circle and BitGo.
Its inclusion into the Chamber’s committee is a strategic move that will not only help it steer forward its agenda but also assist in blockchain advocacy. On the other hand, Visa Inc. is a company that has partnered with dozens of blockchain companies and crypto-related companies to steer forward the digital assets adoption globally.
Furthermore, the company has filed several patents involving cryptocurrencies especially Bitcoin. Earlier in the year, the company filed for a cryptocurrency system patent that is meant to replace physical currency.
Recently, Visa explained that it recognizes the role of digital assets in the future of money.
“We believe that digital currencies have the potential to extend the value of digital payments to a greater number of people and places. As such, we want to help shape and support the role they play in the future of money. We look forward to sharing more with you on this work in the months that follow,” Visa stated.
As for Mick Mulvaney, it is obvious owing to his past experience with politics and digital assets.
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