Crypto For Congress Puts “American-Made” Bitcoin Into The Hands Of Policymakers
This week, the Chamber of Digital Commerce PAC sent all 535 members of the United States Congress about 0.0047 BTC ($50 worth at the time), in an effort to educate the countryâs legislators around cryptocurrency and blockchain technology that it calls Crypto For Congress.
Leveraging Federal Election Commission rules that allow for cryptocurrency-based campaign contributions and its own Political Action Committee to make the BTC donations, the Chamber of Digital Commerce ultimately hopes to motivate these lawmakers to embrace the advantages presented by blockchain technology.
âOur industry faces a number of regulatory challenges and itâs important for our government officials to have a working knowledge of how this technology works,â Perianne Boring, founder and president of the Chamber of Digital Commerce, told Bitcoin Magazine. âIf you look at tax laws, securities laws, if you look at compliance obligations, there are a lot of examples of regulators and policymakers who