Binance Joins Chamber of Digital Commerce to Help Crypto Framework
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Binance Becomes a Part of the Chamber of Digital Commerce
The release stated that Binance would participate in research and drastically alter crypto law through conversations with authorities and policymakers. The cryptocurrency behemoth joins established financial institutions like Visa and Deloitte and blockchain companies like Circle and OKCoin. Since 2020, Binance US, the exchange's American division, has been on the executive committee.
The action is another significant step for Binance, which has improved its regulatory capability in recent months as a result of previous regulatory issues. Binance is an organization at the center of the sector's rapid expansion and complicated regulatory system.
Donations to 3 Congressional Candidates
The Chamber donated money in 2022 through its political campaign committee to three congress candidates. These 3 include Republican Representative Patrick McHenry of North Carolina, Republican Senate candidate Blake Masters of Arizona, and Democratic Senator Ron Wyden of Oregon.
According to Joanne Kubba, vice president of public relations at Binance, operating in partnership with politicians, regulatory authorities, and industry associations like the Chamber are important to the common purpose of supporting the sustainable development of appropriate rules for cryptocurrency and blockchain that assure safeguards for consumers.