Digital Chamber
Coverage of Digital Chamber in the Nexus archive.
- National Fraternal Order of Police Gives Green Light to Clarity Act in Latest Support for Crypto Bill
The National Fraternal Order of Police endorsed the latest draft of the Clarity Act, a crypto market regulation bill, citing provisions to enhance consumer protection and law enforcement capabilities. Other crypto advocacy groups also supported the bill, which includes a ban on officials and their families from issuing or promoting crypto, a measure criticized by some lawmakers.
- Top Crypto Industry Groups Pen Letter to Senate Leaders Urging Them To Support the Clarity Act
Top crypto industry groups including the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber sent a letter to Senate leaders urging support for the Clarity Act, a draft bill aiming to establish federal consumer protection for digital assets. The bill, passed by the House but stalled in the Senate, faces opposition from banking chiefs over stablecoin regulations and has seen shifting support from entities like Coinbase and Goldman Sachs.
- The Digital Chamber sues Illinois over incoming crypto transaction tax
The Digital Chamber is suing Illinois over a law that imposes a 0.2% tax on digital asset transactions. The lawsuit challenges the state's decision to enact the tax on crypto transactions.
- Crypto isn't the problem with the US economy, says senator
Louisiana Senator John Kennedy dismissed the promotion of cryptocurrency by Digital Chamber CEO Cody Carbone during a Senate hearing on affordability. Kennedy argued that crypto is not the issue affecting the US economy.
- Crypto Industry Unites Behind Bill to Fix Tax Rules for Miners and Stakers
The three largest U.S. crypto trade associations support H.R. 9175, a bill aiming to defer tax on mining and staking rewards until sale. The bill addresses IRS rules requiring immediate taxation of mined or staked assets, which industry groups argue discourages domestic activity and favors foreign competitors. The legislation allows miners and stakers to choose tax deferral and includes provisions for institutional trust structures.
- Crypto industry defends OCC charters for Ripple, Coinbase and others after Sen. Warren calls them unlawful
The crypto industry, including Ripple and Coinbase, defends their national trust charters granted by the OCC against accusations from Sen. Elizabeth Warren, who called them unlawful. The Digital Chamber rejected Warren's claims, asserting the legitimacy of the charters.
- Crypto Industry Fights Senator Warren's Claim That Coinbase, Ripple Bank Charter Approvals Are Illegal
The crypto industry, including the Digital Chamber, is urging the Office of the Comptroller of the Currency (OCC) to defend its recent approval of national bank charters for crypto firms like Coinbase and Ripple. Senator Elizabeth Warren criticized these approvals as improper.