#digital chamber

[rwatimes]

Digital Chamber Files Amicus Brief to Seek Dismissal of NY Suit Over 39,069 BTC Wallets

A New York lost-property lawsuit targeting dormant Bitcoin wallets has drawn a fresh filing from the Digital Chamber, a major blockchain industry trade association. In a Monday amicus brief, the group urged the court to reject claims that inactive self-custody wallets should be t...

➤ The Digital Chamber has filed an amicus brief urging a New York court to dismiss a lawsuit seeking ownership of dormant Bitcoin wallets, arguing they should not be treated as abandoned property. ➤ The lawsuit, which targets 39,069 dormant Bitcoin addresses valued at approximately $234 billion, raises concerns about the legal classification of self-custody digital assets and could impact traditional finance. ➤ The case faces challenges due to some wallets showing renewed activity and the practical hurdle of private key possession for transferring control of the assets.

[rwatimes]

Digital Chamber files amicus brief in New York dormant Bitcoin ownership case

The Digital Chamber has filed an amicus brief opposing a New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets worth about $234 billion.

➤ The Digital Chamber has filed an amicus brief opposing a New York lawsuit that seeks ownership of dormant Bitcoin wallets, arguing it could undermine digital asset ownership rights. ➤ The lawsuit claims inactive Bitcoin addresses are abandoned property, but the Digital Chamber contends this interpretation could impact traditional finance and self-custody principles. ➤ Several listed dormant wallets have recently become active, and the case is currently paused pending oral arguments, highlighting ongoing legal and practical uncertainties.

[rwatimes]

Crypto isn't the problem with the US economy, says senator

Louisiana Senator John Kennedy largely dismissed what he called the “promotion” of cryptocurrency by the Digital Chamber CEO Cody Carbone in a Senate hearing on affordability.

➤ Senator John Kennedy expressed skepticism about cryptocurrency being a solution to US economic affordability issues during a Senate Banking Committee hearing. ➤ The hearing discussed the Digital Asset Market Clarity (CLARITY) Act, which aims to provide regulatory clarity for digital assets, but faces potential delays due to ethics concerns and pushback from various industry groups. ➤ While the CEO of The Digital Chamber argued for crypto's benefits in faster transactions and asset transfer, lawmakers like Kennedy focused on the broader economic problems, not crypto itself.

[rwatimes]

Digital Chamber Rebuts Senator Warren Over OCC Crypto Charters

➤ The Digital Chamber is defending the OCC's crypto bank charter approvals against Senator Elizabeth Warren's criticisms, asserting they are legally sound and within the OCC's authority. ➤ The debate centers on whether the OCC overstepped its bounds by chartering crypto-focused firms, particularly those involved with stablecoins, and the potential risks to the financial system. ➤ The Digital Chamber argues that these charters bring digital asset activities under federal oversight, aligning with recent legislation like the GENIUS Act and enhancing regulatory consistency.

[rwatimes]

Crypto Group Rebuts Senator Over OCC Charters, Regulatory Debate Looms

Update (May 26 at 9:30 pm UTC): This article has been updated to include statements from The Digital Chamber. The Digital Chamber, a cryptocurrency

➤ The Digital Chamber is challenging Senator Elizabeth Warren's interpretation of banking law regarding OCC charters for crypto firms, arguing these firms are voluntarily seeking federal oversight. ➤ Senator Warren has expressed concerns that OCC charter approvals for entities like Coinbase, Ripple, and Circle may exceed the National Bank Act's scope and be influenced by political ties. ➤ The debate centers on the statutory boundaries of the National Bank Act and the extent of regulatory authority over crypto-native financial services seeking federal supervision in the U.S.

[bitcoinmasterhub]

Digital Chamber Appoints New CEO as Crypto Lobbying Gains Ground in Washington

The Digital Chamber is set to appoint Cody Carbone as its new chief executive officer next month. He will succeed founder Perianne Boring, who is stepping down after a decade of leading the oldest crypto advocacy group in the U.S. As the Digital Chamber gears up for its upcoming blockchain summit in Washington, D.C., members were informed that Boring will transition to chair the organization’s…

Digital Chamber Appoints New CEO as Crypto Lobbying Gains Ground in Washington

[thecryptoreport]

Bitcoin Policy in Biden’s Washington, With Kristin Smith and Amy Davine Kim

Bitcoin Policy in Biden’s Washington, With Kristin Smith and Amy Davine Kim

As the Biden Administration gets underway, what can we expect for cryptocurrency technologies alongside an ascendent bitcoin? One day into the new president’s tenure we’ve brought in Kristin Smith, executive director of the Blockchain Association and Amy Davine Kim, Chief Policy Officer at the Chamber of Digital Commerce. In this episode we’ll take a look into the regulatory future as we explore…

View On WordPress

[thecryptoreport]

Bitcoin Policy in Biden’s Washington, With Kristin Smith and Amy Davine Kim

Bitcoin Policy in Biden’s Washington, With Kristin Smith and Amy Davine Kim

As the Biden Administration gets underway, what can we expect for cryptocurrency technologies alongside an ascendent bitcoin? One day into the new president’s tenure we’ve brought in Kristin Smith, executive director of the Blockchain Association and Amy Davine Kim, Chief Policy Officer at the Chamber of Digital Commerce. In this episode we’ll take a look into the regulatory future as we explore…

View On WordPress