The Digital Chamber

The Digital Chamber strongly supports the "New Frontiers in Technology (NFT) Act." This proposal is a crucial step in clarifying the regulatory landscape for NFTs and addressing the SEC’s overreach. We commend Congressman Timmons for his leadership and initiative in drafting this bill. https://bit.ly/3ZtxOet

We had a productive conversation with Democratic lawmakers, co-hosted by Rep. Wiley Nickel, on #Bitcoin’s role in national security, financial inclusion, privacy, & sustainability. We’re excited to continue facilitating dialogue that drives innovation and empowers communities.

Not only does #Bitcoin solve the double-spend problem, but it also has the potential to curb inflation, revolutionize financial systems, and empower communities with greater economic control.

The SEC's regulation-by-enforcement approach threatens the future of NFTs, an industry built on innovation, creativity, and community. NFTs are consumer goods, not securities. Whether used as digital collectibles, ticketing services, supply chains, or access to online communities, NFTs empower creators and consumers alike. Yet, artists, developers, and businesses who rely on NFTs are being unfairly targeted by an agency acting beyond its authority.    It’s time for Congress to step in and ensure this vibrant ecosystem—and its people—are protected. https://bit.ly/4dY24SP

Today’s House Financial Services Committee hearing focused on “Decoding DeFi: Breaking Down the Future of Decentralized Finance.” Republicans on the subcommittee, led by Rep. French Hill, focused on ways to keep the momentum going after #FIT21 passed, studying more nuanced topics like #DeFi. Democrats, led by Rep. Stephen Lynch, highlighted DeFi’s illicit finance risks. Key Takeaways: • If you care about national security and you care about economic development, then you want this industry here on U.S. soil. • #DeFi, combined with public-private partnerships, can be a powerful tool to trace and identify illicit finance due to blockchain's immutable ledger. • Bad actors should be held liable for the bad conduct that they engage in. Not the developers, not the people who created the software.

"Education is the most important tool that we have for young people getting involved in the #crypto space." - Perianne Boring, TDC Founder and CEO. Educate yourself, ask tough questions, and learn from other's mistakes. Watch the rest here: https://bit.ly/4dSeEDk

As the House Financial Services Subcommittee on #DigitalAssets prepares to examine the future of #DeFi, The Digital Chamber urges a balanced regulatory approach that fosters innovation while ensuring consumer protection. Our Statement for the Record to Subcommittee Chair Hill and Ranking Member Lynch emphasizes the importance of clear, disclosure-based policies that ensure transparency, accessibility, and security in decentralized finance. We must support DeFi’s potential while safeguarding its users. Learn more: https://bit.ly/3zdcBKO

Register today for TOKEN2049 Singapore, happening next week, Sept 18-19. Join the crypto industry's top minds, including TDC Founder & CEO Perianne Boring. Network, learn, and connect. #TOKEN2049 Register Here: https://lnkd.in/dydDgema

How are deepfakes reshaping trust in news and information? Here are 5 critical impacts on our industry and what it means for the future of media integrity.

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