• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

🚀 Financial Freedom Doesn’t Wait ⏳💰

2025-07-27

Building a New $10,000 Crypto Portfolio…

2025-07-26

⏳ 100 Days to BTC Peak? 🐋 $9B Whale Dump |🤖 AI + ₿ = 🌕

2025-07-26

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    🚀 Financial Freedom Doesn’t Wait ⏳💰

    2025-07-27

    Building a New $10,000 Crypto Portfolio…

    2025-07-26

    ⏳ 100 Days to BTC Peak? 🐋 $9B Whale Dump |🤖 AI + ₿ = 🌕

    2025-07-26

    Bitcoin Is About To Have A MONSTER Short Squeeze

    2025-07-25

    Bitcoin is going down but will be back

    2025-07-25
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Blockchain»Blockchain arms race risks being won by ‘adversarial nations’ — US crypto lobby group
Blockchain

Blockchain arms race risks being won by ‘adversarial nations’ — US crypto lobby group

2023-05-18No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Legal


A blockchain lobbying group backed by the likes of Goldman Sachs, Citi Group, Circle, and Fidelity has urged the United States Congress to pass a legal framework for digital assets or risk falling behind other nations.

On May 19, the U.S. Chamber of Digital Commerce sent a call to action to Congress and the Senate to prioritize passing a national approach to crypto regulation.

The organization added that it requests that Congress organize a “Digital Asset and Blockchain Technology Solarium Commission” to develop a “national strategic approach to digital assets and blockchain technology” in the U.S.

There was a stark warning that failure to act would enable “adversarial nations” to further their activities in the space that “endanger U.S. leadership and dollar primacy.”

Excerpt of Chamber of Digital Commerce call to action –digitalchamber.org

It mentioned China as an example of such adversarial action with the development of an internationally focused Blockchain-based Services Network (BSN) to “incorporate global development and trade and fill the U.S.-created vacuum.”

It also cited the growing number of countries considering or choosing to trade with China directly in yuan and ditching the U.S. dollar. These include Saudi Arabia, Russia, France, Brazil, and India, it wrote.

Today, the @DigitalChamber issued a call to action urging Congress to organize a Digital Asset and Blockchain Technology Solarium Commission to develop a national strategic approach to these technologies in the U.S.

Let’s ensure U.S. leadership in the #blockchain industry.

— Chamber of Digital Commerce (@DigitalChamber) May 18, 2023

On a similar note, the organization mentioned the potential BRICS digital currency and other developments regarding gold-backed digital currencies by Russia and Iran.

See also  China to upgrade national blockchain standards by 2025

The brief concluded that regulatory and legal opacity in the U.S. is “hampering the nation’s ability to lead and take advantage of this innovation revolution,” adding:

“This abdication is severely hampering domestic development and ceding advantages to other nations at the expense of the U.S. innovator and investor.”

The name of the proposed commission references Project Solarium which was created in the wake of World War II and the dawning of the Cold War by President Eisenhower to counter the threat of Soviet expansion.

The Cyberspace Solarium Commission, created in 2019, was created to develop a strategic approach to defend against cyber attacks. The crypto advocacy group wants a similar strategy on digital assets and blockchain technology which “desperately needs consensus in the wake of other nations’ advances.”

The Chamber of Digital Commerce is an American advocacy group founded in 2014 that promotes emerging technologies in the blockchain sector.

On May 19, the group backed Senator Tom Emmer for introducing the Securities Clarity Act which aims to provide much-needed regulatory clarity for the crypto asset and blockchain industry in the U.S.

The @DigitalChamber applauds @GOPMajorityWhip for introducing The Securities Clarity Act with @RepDarrenSoto. Clear definitions of #digitalassets will provide much-needed certainty for investors, consumers, and businesses while prospering innovation in the U.S. pic.twitter.com/LuLqutVMr1

— Chamber of Digital Commerce (@DigitalChamber) May 18, 2023

Meanwhile, the Securities and Exchange Commission remains adamant that the existing rules that were formed decades ago still apply to this new form of digital finance and its underlying technology.

See also  EU embraces blockchain, launches official platform to transform data management

adversarial arms Blockchain Crypto Group lobby Nations race risks won
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Building a New $10,000 Crypto Portfolio…

2025-07-26

Why Did Bitcoin and Crypto Dump Today?

2025-07-23

Wall Street’s Crypto Moves Just Got Exposed

2025-07-23

Historic Crypto Approval = New Bitcoin High Soon

2025-07-22
Add A Comment

Leave A Reply Cancel Reply

Top Posts
DeFi

Is The RWA DeFi Ecosystem An Underserved Market?

2024-06-13

Real World Assets (RWA) are currently among the fastest-growing ecosystems within the larger Decentralized Finance…

Videos

Another Bitcoin Record BROKEN…Pay Attention

2023-10-17

Today let’s talk about Bitcoin, Crypto, and the US Market. What record did Bitcoin record…

Altcoins

ARB Airdrop Hype: Arbitrum Transaction Count Experiences Massive growth, Adds 400K New Users in Just One Day

2023-03-24

The Ethereum layer-2 solution, Arbitrum, has seen massive growth in the number of transactions and…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

🚀 Financial Freedom Doesn’t Wait ⏳💰

2025-07-27

Building a New $10,000 Crypto Portfolio…

2025-07-26

⏳ 100 Days to BTC Peak? 🐋 $9B Whale Dump |🤖 AI + ₿ = 🌕

2025-07-26

Bitcoin Is About To Have A MONSTER Short Squeeze

2025-07-25
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 118,669.79
ethereum
Ethereum (ETH) $ 3,863.17
xrp
XRP (XRP) $ 3.15
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 831.26
solana
Solana (SOL) $ 183.93
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,858.94
dogecoin
Dogecoin (DOGE) $ 0.228091
tron
TRON (TRX) $ 0.340082
bitcoin
Bitcoin (BTC) $ 118,669.79
ethereum
Ethereum (ETH) $ 3,863.17
xrp
XRP (XRP) $ 3.15
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 831.26
solana
Solana (SOL) $ 183.93
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,858.94
dogecoin
Dogecoin (DOGE) $ 0.228091
tron
TRON (TRX) $ 0.340082