Binance Joins US Chamber of Digital Commerce Executive Committee

Cryptocurrency exchange Binance has joined the executive committee of the US Chamber of Digital Commerce, the largest US lobbying group for the blockchain industry. Binance said it intends to “help establish policies that benefit and protect users”. The exchange will facilitate research, potentially influence the shape of cryptocurrency legislation, and engage in discussions with US legislators and regulators. “The Chamber has established itself as a leading voice in blockchain policy. We will engage in research, roundtables, working groups and discussions with policymakers and regulators to help develop sound regulation that benefits society and users,” the exchange said in a statement. In addition to Binance, the U.S. Chamber of Digital Commerce includes traditional financial companies Citi, Visa and MasterCard, as well as leading crypto industry players such as Dapper Labs, Ripple and Circle. Recall that the US authorities are currently considering the possibility of initiating criminal cases against Binance and its administration.. The potential accusations from regulators stem from an investigation launched in 2018 that focused on Binance's failure to comply with US anti-money laundering laws and sanctions.