Today marks the start of the highly-anticipated North American Bitcoin Conference in Chicago, and with that you can expect a slew of announcements to be made.
One such announcement is the launch of the so-called Chamber of Digital Commerce, a new organization registered as a 501(c)(6) nonprofit. This will effectively allow the group to lobby in Washington, D.C., in addition to serving as a trade association of sorts.
The group, which has secured backing from RRE Ventures and Tally Capital, is led by Perianne Boring.
Boring is a former journalist and congressional staffer, and publishes her weekly Boring Bitcoin Report in which she covers major news stories in the cryptocurrency realm.
According to Paul Vigna of the Wall Street Journal, the idea behind the group is to further “legitimize” this digital currency, particularly to lawmakers working on Capitol Hill.
Boring’s Chamber of Digital Commerce seems to have the same idea in mind as the Bitcoin Foundation, which recently announced they’d be hiring Thorsen French Advocacy, a lobbying firm to serves as their political muscle power in Washington, D.C.
But if you think the Chamber will be butting heads with the Foundation, you’re well mistaken. Boring has said that she’s brought the idea up to the Foundation before, but they took a pass. Instead, they reportedly encouraged her to start her own organization — and that’s exactly what she’s done.
As bitcoin adoption continues to grow rapidly, it will become crucial for bitcoin organizations to have some level of lobbying efforts on the Hill. Otherwise, the competitors’ lobbyists will try and do what they can to protect their own business clients.
[textmarker color=”C24000″]Source[/textmarker] Wall Street Journal