The Digital Chamber

🔎 TDC Friday Poll! Let's hear from YOU! ↘️

We’ve officially responded to the Senate Banking Committee’s request for information on the “Responsible Financial Innovation Act of 2025.” Our feedback is clear, comprehensive, and grounded in policy expertise. Read our full response: http://xmrrwallet.com/cmx.pbit.ly/45oHEzC

The Roman Storm verdict shows outdated financial laws don't fit digital assets. Developers shouldn't be prosecuted for building privacy tools. We need Congress to create clear crypto regulations that protect innovation while ensuring compliance.

TDC is proud to announce Zunera Mazhar as our new Vice President of Policy, expanding our federal advocacy efforts. With 20+ years of banking and government experience, including her previous role with the Federal Deposit Insurance Corporation (FDIC), she brings deep expertise in aligning innovation with financial inclusion. We're excited for the future ahead. PR: bit.ly/4omIky3

What does the SEC's "Project Crypto" mean for the future of digital assets? Our Founder & Chair, Perianne Boring, breaks it down tomorrow on Morning's With Maria at 7:30 AM ET. Don't miss her take on the latest regulatory developments.

Last week was an absolutely banner week for the US crypto industry and for TDC: · The White House issued its groundbreaking cross-agency recommendations for the US Digital Asset Markets: www.crypto.gov · SEC Chair Paul Atkins outlined his vision for American Leadership in the Digital Finance Revolution in a game-changing speech #ProjectCrypto: http://xmrrwallet.com/cmx.pbit.ly/4ofav1H · We submitted our 13th and final response to SEC Commissioner Hester Peirce’s request for input to the Crypto Task Force from the industry: http://xmrrwallet.com/cmx.pbit.ly/46FMniD Our final letter responds to Questions 15-20 of the request for input and provides solutions for market intermediaries seeking a pathway to trade multiple asset classes – traditional securities and commodities, tokenized securities, and digital commodities – on one platform. Many of the blockers to innovation noted in our letter are specifically identified in both the White House report and Chair Atkins' speech. TDC fully supports the vision outlined by the White House and Chair Atkins for how to move the U.S. markets forward into a digital future. As the U.S. crypto asset markets continue to grow, retail and institutional customers will undoubtedly want to trade traditional and tokenized securities alongside non-security digital assets like payment stablecoins and commodity digital assets on the same platform. They will also want to engage in pairs trading of these assets. Chair Atkin’s vision for a “SuperApp” makes this exact goal possible. It’s an incredibly exciting opportunity for the SEC to make that vision reality and would jump the U.S. lightyears ahead of other countries on the innovation and regulatory clarity front. In the meantime, the SEC should clarify or amend its rules to make clear that such national stock exchanges and ATSs are permitted to trade traditional and tokenized securities, as well as non-securities crypto assets like payment stablecoins, bitcoin, and other commodity tokens. The SEC should also work with FINRA to ensure that a speedy and cost-effective path is cleared for broker-dealers looking to amend their business plans to make these changes. Our letter also covers a range of other important issues related to digital asset trading, including the need for the SEC to formally acknowledge that there is no fundamental difference between a digital asset that is a representation of an existing security and a digital asset that itself constitutes a security - both are tokenized securities. We need to stop using confusing nomenclature around these assets. We thank James Walker, Arthur Greenspan, and Lowell Ness of Perkins Coie, along with our contributing members, for the great work on our 13th letter. We also thank the eight other law firms and over 75 TDC members who put hundreds of hours of time and effort into our other 12 response letters, along with our own strategic advisor Annemarie Tierney, who led our efforts on the entire project over the course of the past five months.

🔎 TDC Friday Poll! Let's hear from YOU! ↘️

Just dropped: Two key panels from the DC Blockchain Summit 2025 ↓ → 📹 Fireside Chat: A New Chapter for the SEC with SEC Commissioner Hester Peirce and Candace Kelly. → Fireside Chat: Future of Bitcoin Policy with Harry Sudock and Preston Psyh. Watch all sessions from the 2025 DC Blockchain Summit in our dedicated playlist: bit.ly/DCB25Clips

TDC applauds the release of the President's Working Group Report on Digital Assets: a significant step toward smart, responsible U.S. leadership in blockchain. Many of our recommendations and advocacy work made the final cut. ➡️ Full statement: http://xmrrwallet.com/cmx.pbit.ly/44XDPlO Here are some of our wins: • Directing the SEC to consider using its authority under the Securities Act to establish a fit-for-purpose exemption from registration for token issuances.      • Establishing that the CFTC should have clear authority to regulate spot markets in non-security digital assets.       • Ensuring issuers of digital asset securities, and of securities involving digital assets, should be subject to disclosure requirements that fit the novel characteristics of digital assets and blockchain technology.      • Supporting clear guidance from relevant agencies allowing Americans to custody their own digital assets without relying on intermediaries.       • Clarifying that developers and non-custodial blockchain infrastructure providers are not financial institutions.     • Directing agencies to identify, secure, and gain access to digital asset keys in seized electronic evidence – bolstering the U.S. government’s digital asset stockpile and providing a strategic advantage as other jurisdictions build their own reserves.     • Encouraging federal digital identity guidelines to adopt privacy-enhancing cryptographic technologies like zero-knowledge proofs (ZKPs).     • Calling for clear legal protections for decentralized finance (DeFi) protocols that operate autonomously without holding user funds – ensuring DeFi can flourish onshore.   • Directing regulators and agencies to collaborate with industry experts to encourage globally consistent regulatory standards that leave room for innovation, ensuring American interests and companies aren’t burdened by overregulation in the U.S. or abroad.     • For NIST to integrate blockchain’s unique benefits into emerging government technology standards to strengthen federal digital infrastructure.    

Our CEO, Cody Carbone, is currently being briefed by Administration officials at the White House complex for the Digital Asset Report. The report outlines a three-year roadmap to guide regulators and solidify U.S. leadership in crypto innovation.