The current environment for blockchain advocacy and policy work with Chamber of Digital Commerce President Perianne Boring

Episode 4 of Season 4 of The Scoop was recorded at The Block offices with Frank Chaparro and Perianne Boring, Founder and President at The Chamber of Digital Commerce. Listen below, and subscribe to The Scoop on AppleSpotifyGoogle PlayStitcher, or wherever you listen to podcasts. Email feedback and revision requests to [email protected]

Facebook's Libra sent shockwaves through Washington D.C. when it was announced with much fanfare last summer.
 
Indeed, it sparked a conversation among policymakers and legislators about the benefits of cryptocurrency – and stablecoins specifically – as well as broader questions about what money is and the implications of a Facebook rival to the U.S. dollar. As might be expected, it generated more than a few bits of controversy given the involvement of the social media giant.
 
Since Libra's inception, a number of countries have announced their intentions to digitize their own sovereign currency. In China, the country has ramped up its own efforts to launch a digital currency, and central banks around the world are exploring similar initiatives. 
 
None of this is going unnoticed on Capitol Hill, and on this episode of The Scoop, Perianne Boring, president of the Chamber of Digital Commerce, explores why concerns about China are driving lawmakers to focus on crypto and stablecoins.
 
In this episode, we discuss:
  • The history of blockchain and cryptocurrency policywork in the US
  • China's 84 blockchain patents and its plans for a digital currency 
  • Lawmaker concerns surrounding China being the leader in blockchain and central bank digital currencies
  • Former CFTC chair Christopher Giancarlo's planned push for a digital U.S. dollar. 
The transcript is provided for your convenience. Please excuse any errors or typos resulting from the transcription process:

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Frank Chaparro covers the intersection of financial markets and cryptocurrency as Editor-at-Large. Since joining the publication in 2018 as its first reporter, he has played a key role in building The Block into a leader in financial journalism and research. He leads special projects, including The Block's flagship podcast, The Scoop. Prior to The Block, he held roles at Business Insider, NPR, and Nasdaq. For inquiries or tips, email [email protected]